Fartcoin (FARTCOIN) has surged 12%, driven by significant whale activity and a rise in derivatives interest. The cryptocurrency is testing a key resistance trendline, with futures open interest climbing 30% to $220.69 million. On-chain data reveals that large holders now control 47.70% of the total supply, indicating strong accumulation by whales. Technical indicators show a promising outlook, with the Relative Strength Index (RSI) at 48 and the Moving Average Convergence Divergence (MACD) suggesting strong bullish momentum. Analysts suggest that a successful breakout could see Fartcoin targeting price levels of $0.39 or $0.54, while a failure to break resistance might result in a decline to $0.22.