Fartcoin increases by 24.5 % to $ 1.56: whales re-accumulated and analysts warn of possible short squeeze over $ 1.80

Fartcoin increases by 24.5 % to $ 1.56: whales re-accumulated and analysts warn of possible short squeeze over $ 1.80

Fartcoin: Solana's climb and the possibility of a short squeeze

Fartcoin recently recorded a remarkable increase of 24.5 % and thus achieves a price of $ 1.56 on the Solana blockchain. This price increase was accompanied by a remarkable activity of the so -called "whales", which indicates a new investor's accumulation.

Analysts observe the situation carefully and identify a potential possibility of a short squeeze if the resistance is overcome at $ 1.80. A short squeeze occurs when investors who set falling courses (short positions) are forced to close their positions by buying shares or tokens, which can continue to drive up the course.

The developments related to Fartcoin are therefore of great interest for investors and market observers. It remains to be seen whether the course can overcome the $ 1.80 mark and how this will affect the dynamics of the market.