FARTCOIN, a meme coin, has surged by 21% in the last 24 hours, surpassing all other top 100 coins. Trading at $1.01, on-chain data indicates a strong bullish sentiment around the coin, potentially leading to further gains in the short run. The Long/Short Ratio for FARTCOIN is at 1.04, showing a preference for long positions in the derivatives market. A ratio above 1 signifies more traders holding long positions, indicating optimism for price appreciation. Additionally, the coin's open interest has risen by 28%, reflecting increased activity and new money entering the market during the price rally. With an RSI of 59.11, FARTCOIN's buying momentum remains strong, suggesting a potential price increase towards its all-time high of $1.29. However, a selloff spike could lead to a drop to $0.48. This analysis serves for informational purposes only, and readers are advised to conduct their own research before making financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news