Can FARTCOIN repeat its 80% gains from August 2026? The chart says…

Fartcoin [FARTCOIN] is up more than 19% in the past 24 hours, bringing its weekly gains past 44%. This follows a broader memecoin market resurgence, over 7% today, with capitalization surpassing $34.81 billion.

Among the top 200 cryptos by market cap, FARTCOIN ranked seventh in daily gains and fourth among top memes. The market sentiment is shifting as Bitcoin [BTC] stays above $85,000.

However, FARTCOIN bulls face an immediate test as their rally unfolds. Can the resistance break?

FARTCOIN price approaches a KEY resistance level

On the charts, FARTCOIN is currently trading toward the $0.22 resistance zone where the memecoin had previously formed a double top. The double top pattern was followed by a falling wedge pattern that lasted for a month.

Following a breakout on the 17th of September, the memecoin entered a strong uptrend. Its Chaikin Money Flow (CMF) reading was at 0.40, indicating capital inflows, while the Cumulative Volume Delta (CVD) reinforced the buying activity.

As per the CVD, traders bought over 40.76 million FARTCOIN tokens on the Binance Futures market at the time of press.

A similar pattern breakout resulted in an 80% gain in the first three weeks of August. If history repeats, FARTCOIN’s price could rise another 40% from its current market price.

Otherwise, if bears at the $0.22 supply zone outweigh the bulls, the breakout may take longer. But here’s why that is not likely to happen.

High derivative volume and institutional on-chain activity

Looking at volume maps, it was clear much of the activity was in the derivative market.

The Futures Volume Bubble Map was overheating, indicating there was a sharp increase in leveraged long positions. The memecoin’s whale activity was in the Futures markets, as per CryptoQuant data.

However, both of its Spot Volume and Spot Average Order Size remained neutral.

But further analysis of the Spot activity revealed institutional involvement. For instance, HTX moved 842K tokens to its cold wallet, indicating accumulation in anticipation of appreciation above the buying price of $0.18.

On the other hand, Indodax deposited 603K tokens to their hot wallets to meet trading demand. Similarly, Wintermute moved a combined 1.7 million FARTCOIN to address active liquidity.

This institutional involvement in accumulation and meeting trading demand could steer the memecoin past the aforementioned resistance.

Final Summary

• FARTCOIN surged by over 19% in the past 24 hours, bringing its weekly gains to more than 44%, but bulls face a key test at $0.22.  
• The rally was driven by a sharp increase in derivative volume and high on-chain activity from institutions.