The post Fartcoin tops Solana memecoin inflows – Can price hold its breakout? appeared on BitcoinEthereumNews.com. Fartcoin bounced 12% in the past 24 hours, though trading volume slipped 6%. The memecoin attempted a short-term reversal as whales added positions through the week. This move placed traders between two paths: a continuation toward resistance or a return to the former accumulation zone. FARTCOIN forms a potential bottom  After the rally, the price action charts showed Fartcoin [FARTCOIN] reclaimed the $400 million market cap for the first time since the 30th of October. FARTCOIN’s potential bottom on the four-hour chart formed an inverted head-and-shoulders pattern that has been developing since early November. On top of that, the second inverted shoulder aligned with a trendline retest. Price then broke above the pattern as bulls pressed momentum. FARTCOIN rallied from $0.18 to $0.40, a 128% move. Having said that, MACD flipped bullish as signal lines crossed above neutral. Open Interest rose from $118 million to $145.96 million, reinforcing bullish sentiment. Source: TradingView Liquidity clusters shape the next move The more than one-month consolidation was in its breakout phase, though bears were fighting to take the price back. Interestingly, orders to the downside were pulling the price toward levels below $0.35. Liquidity was forming above and below the most recent price action of FARTCOIN. On the upside, about $1.1 million in liquidation leverage was stacked at $0.40, which coincided with the new month high. Notably, the denser clusters were forming below price and especially between $0.30 and $0.33. FARTCOIN was heading down this route after liquidating orders below $0.39. Source: CoinGlass Holding above $0.32 was critical to sustain the current breakout, and positions stacked around this level proved the significance of the zone. There was a high probability that the price would reverse from this zone if the increasing liquidity was from the buy side. On-chain data indicated that smart money… The post Fartcoin tops Solana memecoin inflows – Can price hold its breakout? appeared on BitcoinEthereumNews.com. Fartcoin bounced 12% in the past 24 hours, though trading volume slipped 6%. The memecoin attempted a short-term reversal as whales added positions through the week. This move placed traders between two paths: a continuation toward resistance or a return to the former accumulation zone. FARTCOIN forms a potential bottom  After the rally, the price action charts showed Fartcoin [FARTCOIN] reclaimed the $400 million market cap for the first time since the 30th of October. FARTCOIN’s potential bottom on the four-hour chart formed an inverted head-and-shoulders pattern that has been developing since early November. On top of that, the second inverted shoulder aligned with a trendline retest. Price then broke above the pattern as bulls pressed momentum. FARTCOIN rallied from $0.18 to $0.40, a 128% move. Having said that, MACD flipped bullish as signal lines crossed above neutral. Open Interest rose from $118 million to $145.96 million, reinforcing bullish sentiment. Source: TradingView Liquidity clusters shape the next move The more than one-month consolidation was in its breakout phase, though bears were fighting to take the price back. Interestingly, orders to the downside were pulling the price toward levels below $0.35. Liquidity was forming above and below the most recent price action of FARTCOIN. On the upside, about $1.1 million in liquidation leverage was stacked at $0.40, which coincided with the new month high. Notably, the denser clusters were forming below price and especially between $0.30 and $0.33. FARTCOIN was heading down this route after liquidating orders below $0.39. Source: CoinGlass Holding above $0.32 was critical to sustain the current breakout, and positions stacked around this level proved the significance of the zone. There was a high probability that the price would reverse from this zone if the increasing liquidity was from the buy side. On-chain data indicated that smart money…