Whale Drops $4M on FARTCOIN—Is a $1.20 Breakout Imminent?

A single crypto whale just shoved $4 million into FARTCOIN—ignoring the giggle-worthy name for what could be a serious play. Market watchers are now eyeing the $1.20 resistance level like a hawk.

When big money moves, charts listen. This whale’s bet—either a masterstroke or another ‘hold my beer’ moment in crypto—comes as memecoins continue to defy gravity (and sometimes logic).

Will FARTCOIN join the ranks of joke tokens that mooned? Or will it vanish faster than a trader’s patience during a 10% dip? One thing’s certain: in crypto, even the absurd gets a shot at becoming ‘fundamentals.’

Will price break the neckline or fade back into the range?

FARTCOIN is now grinding against the neckline of a textbook cup-and-handle pattern. Resistance NEAR $1.20–$1.25 remains unbroken.

With the price hovering around $1.06, bulls haven’t flipped the structure yet.

Unless bulls push decisively above resistance, this consolidation may turn into a deeper retracement.

Still, the chart shows resilience as FARTCOIN continues to respect the $1.01 support zone, making this region a key battleground between bulls and bears in the coming sessions.

Source: TradingView

Does bearish dominance in CVD foreshadow further downside?

Now to the downside risks. Futures taker Cumulative Volume Delta flipped decisively bearish after the 30th of May.

Despite a brief Taker-Buy spike on the 29th of May, red bars have persisted, reflecting aggressive sell-side pressure in derivatives. 

This trend indicated that short-term sentiment still leans bearish, especially among Leveraged traders. Unless this pressure weakens or flips, further upward momentum may stall. 

While the spot market shows early accumulation, derivatives traders are clearly betting against sustained upside, which could fuel volatility in either direction as positions build up further.

Source: CryptoQuant

Could Fartcoin liquidation clusters trigger a squeeze above $1.05?

According to the Binance Liquidation Heatmap, cumulative long liquidations are heavily concentrated just below $1.05, while a cluster of short positions sits slightly above the current price. 

With FARTCOIN at $1.06 at press time, any upward volatility could begin triggering liquidations of short positions.

This setup may cause a short squeeze if the price pushes beyond the $1.08–$1.10 zone.

Source: CoinGlass

On the other hand, failure to clear resistance could trap longs and reverse momentum.

Derivatives Volume has surged by 51.08% to $1.90B, with open interest climbing to $565.59M—up 4.05%. 

These spikes suggest traders are preparing for a volatile move. Rising Open Interest without significant price movement often precedes breakout scenarios. 

Whether that breakout favors bulls or bears depends on liquidation pressure and trend structure. 

However, this increased participation reflects that FARTCOIN has caught the market’s attention, and volatility is likely to intensify if current ranges are broken. 

Will slightly bullish sentiment among traders hold?

There’s one more LAYER to this: the Long/Short Ratio.

As of the 4th of June, 51.58% of traders are long, giving bulls a slight edge with a ratio of 1.0653.

This subtle shift suggests growing confidence among bulls, although the margin remains narrow. 

Combined with rising volume and tight resistance overhead, this setup reflects a tense standoff. If buyers step in more decisively, the current imbalance may favor upside follow-through. 

However, if momentum fades, bears could quickly regain control. This delicate balance highlights just how critical the next few days will be.

Source: CoinGlass

Can FARTCOIN break out and reverse bearish pressure?

While whale accumulation and rising volume suggest underlying strength, derivatives still show dominant sell-side bias. 

Until FARTCOIN clears the $1.20 handle resistance, the bullish breakout remains unconfirmed. 

Therefore, the next MOVE will likely depend on how the price reacts around liquidation zones and volume-driven levels.