Fartcoin Rises 3% Amid Pumpfun's 'Huge Announcement' Hype

Fartcoin (FARTCOIN) appears to be positioning for a potential recovery amid growing anticipation around a “huge announcement” from the Pumpfun ecosystem. With the price hovering near $1, the token has seen a 3% increase in the last 24 hours, although it has fallen 15% over the past week. The recent decline since mid-July has pushed the price from a high of $1.70 to under $1.00, leaving it below the yearly open but testing the monthly open at around $1. Key support levels are identified at $0.91 and $0.77, while resistance stands at $1.0568, $1.2224, and $1.3256. A successful breakout above the monthly open could signal a broader recovery[1].

Technical indicators suggest an early shift in momentum. The MACD on the 4-hour chart has moved above the signal line, with green histogram bars indicating initial buying interest. However, the Balance of Power (BoP) remains negative at -0.29, showing that sellers still control the short-term dynamics. A sustained move higher would require continued MACD strength and increased buyer participation to reverse the prevailing downtrend[1].

Holder activity also reveals strategic positioning. Large wallets now hold nearly 597 million FARTCOIN, a 22% increase over the past month. This accumulation suggests significant buying by whales during the recent price dip, often a precursor to bullish price movements. Meanwhile, exchange balances have risen by 25% to 230 million FARTCOIN, indicating higher liquidity and active trading interest, which may further fuel price volatility[1].

The potential catalyst for renewed interest in Fartcoin comes from Pumpfun. Co-founder Alon teased a “huge announcement” related to organic community coins within the Pumpfun ecosystem. As the top Pumpfun-linked token, Fartcoin is under close market observation, with traders speculating the news could drive renewed activity. Analysts have noted that a strong move by Fartcoin would not be unexpected given its prominent role in the ecosystem[1].

Crypto analyst Johnny highlighted the need for Fartcoin to secure a price move above the monthly open to trigger a broader recovery. He emphasized that maintaining momentum after a significant sell-off would be critical for sustaining the upward trend. With the market currently in a consolidation phase, the outcome of Pumpfun’s upcoming announcement may play a pivotal role in shaping the token’s next move[1].

Source: [1] Fartcoin Eyes Comeback Amid Pumpfun’s ‘Huge Announcement’ Buzz (https://coinmarketcap.com/community/articles/6891b8c9209b7b6a4565b368/)