Fartcoin (Fartcoin) has emerged as one of the most explosive coins of Solana's meme coins in recent weeks, rocking from $ 0.51 to more than $ 1.15 -a 126% advance in just two weeks.
While Memecoin has experienced significant volatility in the short term, it is now marking a new uprising of 4.8%, bringing the price to $ 1.08. Moreover, the wider trend remains intact, with fartcoin still more than 122% in the 30-day chart and about 30% last week. On-chain data suggests that, despite the pull of yesterday, entrepreneurs remain active, with $ 185 million in 24-hour volume.
This price action pushed Fartcoin's market cap above $ 1.07 billion, putting it second on Solana's meme coins, just behind Trump's token, as per coingecko data:
Fartcoin Open Interest Drops, but Bulls still have a firepower
While the volume is reduced by around 9%, a slight strengthening can be seen in the derivatives markets. Fartcoin's (OI) open interest rose by 5.5% to $ 577 million, indicating a return to yesterday earning or unable to make a position.
However, destroying data shows that longs are still dominant, with approximately $ 2 million in a long avoidance in the last 24 hours, compared to $ 1.1 million in shorts.
Binance's leading traders appear to be divided, but those in positions are leaning, with a 1.23 long ratio by position size. Meanwhile, social sentiment remains strong, with viral memes and Fomo posts driving community interaction on platforms such as X. Technical, Solana-based memecoin flipped a $ 1 level with temporary support after breaks from many resistance zones.
If the Bulls defend this zone and the broader momentum of Solana, a retest of $ 1.20 and possibly $ 1.40 may be on the cards. However, with MFI showing the gentle variation of bearish and OI dropping, a short-term integration between $ 0.95- $ 1.10 remains likely. If the ramps of the meme season are again, Fartcoin can quickly re-enter the price detection mode-but so far, all eyes are in if it can be touched above the psychological score of $ 1.
Read More: Hyperliquid Analysis Price: Hyper Eyes $ 20 As Price Tests Critical Resistance
