Fartcoin Whales Trigger $96.8M Trading Frenzy – Overbought RSI Signals Storm Clouds Ahead

Fartcoin’s price action just got wilder than a Wall Street trader’s margin call. Whale movements lit up the charts with $96.8M in volume—enough to make even Bitcoin maximalists glance sideways.

RSI rockets into overbought territory, flashing classic volatility warnings. Buckle up: when the big players move this hard, retail often gets left holding the bag.

Bonus cynicism: If history repeats, this ’organic growth’ will mysteriously coincide with yet another ’strategic partnership’ press release.

Source: Coinglass

This positive order imbalance is evidenced by a negative Spot Netflow. This metric has held within negative territory over the past four days.

At press time, spot netflow sat at -$715.6k, reflecting a higher buying pressure with exchange outflows outpacing inflows. These buyers have pushed the RSI to almost overbought territory.

At press time, Fartcoin’s RSI hovered at 64, slipping slightly from 69. The downturn suggests buyer fatigue could soon set in.

With rising whale activity, the question is whether Fartcoin can hold for a strong upward movement.

Are buyers exhausted?

According to AMBCrypto’s analysis, the market sentiments are shifting from bullish to bearish.

As such, Fartcoin’s Weighted Sentiment has turned negative again after holding positive for three consecutive days. A drop here reflects growing concerns among investors as they anticipate a potential correction.

Source: Santiment

The shift is even more evident among Long/Short position holders. As of this writing, short positions have overtaken longs, with 55.26% of traders betting against the price. Only 44% remain on the long side.

When shorts dominate, it suggests that most investors are bearish and expect prices to decline in the NEAR term.

Therefore, it’s SAFE to say that most investors entering the market are mostly shorting Fartcoin as they see an eventual decline.

Source: Coinalyze

With Trading Volume rising while bearish sentiments are rising, it indicates looming volatility in the market.

As such, bears are attempting to retake the market as whales start to offload. If the bears have their way, Fartcoin will drop to $1.03.

A failure to hold this level will see a drop below $1.  However, if whales increase buying pressure and avert this bearishness, the memecoin could reclaim $1.2.