fartcoin chart looks amazing. Flipped a large resistance level into support and there's basically just open air between here and 80 cents or so
The fartcoin thesis here is simple:
-Hated/forgotten after recent bad PA
-Lots of short OI built up, should give at least a short/mid term pump
-It's the kind of token that especially thrives in mania because of the ultra reflexive nature of it being up getting it media attention which then drives it up more
-Previously mentioned short OI can act as the spark to ignite that reflexivity
-Decent chance we see some of those mania conditions in Q4, IWM on the verge of breaking out supports this, ETH consolidating above $4k range high, rate cuts, etc.
TLDR it should at least short term pump just from all the built up positioning, best case we get alt season/mania and it's all over the news again kicking the reflexive flywheel back into full effect like end of 2024.
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