🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
Fartcoin Eyes Comeback Amid Pumpfun's 'Huge Announcement' Buzz
TL;DR
Price Performance and Market Context
Fartcoin (FARTCOIN) was trading close to $1 at press time, showing a 3% rise in the last 24 hours, while the past week reflects a 15% drop. Daily trading volume is $202 million
Notably, the token has been in a steady decline since mid-July, falling from highs near $1.70 to under $1.00. It remains under the yearly open but is testing the monthly open near $1.
Support is visible around $0.91, which aligns with the weekly open, with deeper support near $0.77. Resistance levels are at $1.0568, $1.2224, and $1.3256
Crypto analyst Johnny shared that a recovery could unfold if the price secures a move above the monthly open and maintains momentum.
Technical Indicators Show Early Momentum Shift
The MACD on the 4-hour chart has moved above the signal line after staying in negative territory. The histogram reflects green bars revealing the initiation of the first buying interest. The trend is weak overall, but the short-term trend is improving.
Source: TradingViewThe Balance of Power (BoP) reads -0.29, showing that sellers still dominate. While there are brief upward spikes, most readings stay below zero. A clear shift would need steady buying and a continued MACD rise to move the market out of its current downtrend.
Holder Activity and Exchange Balances
Top wallets now hold almost 600 million FARTCOIN, an increase of 22% over the past month. This shows accumulation among large holders during the recent decline. Rising balances in top wallets often occur when bigger investors are preparing for future price moves.
Source: NansenIn addition, exchanges currently hold 230 million FARTCOIN, up 25% monthly. More tokens on exchanges provide higher liquidity and can lead to active trading periods. This movement fits the recent volatility and trading interest around the token.
Pumpfun News Sparks Market Watch
Pumpfun co-founder Alon said a “huge announcement” is coming this week for organic community coins in the project’s ecosystem. Fartcoin, as the leading Pumpfun-linked coin, is under close watch as the market anticipates news that could drive activity after the recent price drop.