TL;DR
- FARTCOIN rose 11% after being added to Coinbase’s roadmap and futures offerings, with trading volume increasing 36% to $264 million.
- The token’s market capitalization reached $1.28 billion, supported by high liquidity due to a circulating supply close to its maximum, and a volume-to-market cap ratio of 20.29%.
- Technically, it showed a possible double-top pattern but surpassed its 30-day moving average at $1.239 and maintains strong support at $0.88.
FARTCOIN posted one of the market’s largest gains this Tuesday after being included in Coinbase’s official listing roadmap and added to its futures products. This news pushed the token’s price up to $1.28, marking an 11% gain in the last 24 hours, while trading volume surged 36% to reach $264 million.
FARTCOIN’s market capitalization climbed to $1.28 billion, driven by the price increase and strong investor interest. The token has a circulating supply of 999.99 million out of a total maximum of 1 billion, ensuring high liquidity and transparency in its metrics. The volume-to-market cap ratio stood at 20.29%, reflecting solid trading activity.
FARTCOIN: Technical Analysis
From a technical standpoint, the price action showed mixed signals. The chart revealed a potential double-top formation, a pattern that often signals resistance near highs and possible pullbacks afterward. However, FARTCOIN broke above its 30-day simple moving average at $1.239, a positive sign confirming the strength of its short-term bullish momentum.
We will add support for Fartcoin perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our FARTCOIN-PERP market will begin on or after 9:30 am UTC 12 JUN 2025. $FARTCOIN pic.twitter.com/pF8Q1mRum3
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) June 9, 2025
Additionally, it established firm support at $0.88, which acts as a technical floor to limit potential declines. The Relative Strength Index (RSI) remains in a neutral zone, indicating the token is not yet overbought and still has room to extend its upward trend.
If demand holds, the next target will be breaking through resistance at $1.63. Should this happen, analysts see a potential rise toward $2.50 in the coming days.
The “Coinbase Effect,” common when a token is listed or included in the platform’s roadmap, appeared once again. The expectation of access to a larger investor base and increased liquidity typically drives prices higher and helps establish new trends.
