Fartcoin Soars 18%: The Stink That Rises to the Top!

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Key Takeaways

  • Fartcoin surged nearly 19% amid speculation over crypto-backed mortgages, triggering strong accumulation, rising derivatives’ activity, and bullish indicators like RSI 63 and CMF 0.16, with $1.57 as the next target.

Fartcoin [FARTCOIN]  soared 18.99% to a monthly high of $1.4879 before slightly retracing to $1.437 by press time. Imagine that! A coin named after something we all try to hide, now making headlines. 🤣

As a result of the price uptick, Marketcap hiked 18.8% to $1.47 billion, while trading volume rose 95% to $465 million. Typically, when market cap and volume surge in tandem, it reflects strong capital inflow. But in this case, it might just be a lot of hot air. 🌬️

But what triggered this price hike?

Crypto-backed mortgage inspires Fartcoin rally 

According to AMBCrypto’s analysis, the recent Fartcoin’s upswing was primarily driven by increased speculation over Fartcoin’s payable mortgage. 

This speculation followed reports that a Bill was introduced in Congress requiring lenders to consider crypto holdings when applying for a mortgage. 

Following these reports, Kraken called on investors to expect a mortgage backed by Fartcoin. On their official X page, 

Kraken replied that; 

” Can’t wait for the first home loans backed by Fartcoin’ 

As a result, investors rushed into the market, fearing they would miss out, and started accumulating the memecoin. It’s like a game of musical chairs, but with a lot more stink. 🎶💨

This soaring accumulation was evidenced by declining Netflow. When we examine Fartcoin’s Netflow, it fell to a three-week low of -$2.3 million, as of writing. 

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When OI and Volume soar alongside each other, it signals growing participation in the futures market. As a result, Long Short Ratio spiked to 1.0149, reflecting a higher demand for long positions. 

Often, when demand for longs surges, it implies that traders are actively betting on prices to rise. It’s like a game of poker, but with a lot more gas. 🃏💨

A rally or bubble waiting to burst?

According to AMBCrypto analysis, Fartcoin saw a strong uptick as speculative buyers rushed into the market. 

For that reason, Fartcoin’s Relative Strength Index (RSI) surged to 63, signaling rising buyer dominance. Likewise, the altcoin’s Chaikin Money Flow (CMF) rose to 0.16, further confirming the presence of buyers. 

When CMF is positive while RSI is rising, it suggests that buyers are the dominant players in the market. 

Therefore, if buyers can hold the current momentum, Fartcoin will continue the uptrend and target $1.57. However, if market speculation fades, the memecoin could retreat and drop to $1.23. It’s a rollercoaster ride, folks, so buckle up and hold your nose! 🎢💨

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2025-07-17 17:15