Fartcoin Faces Bearish Reversal as Smart Money Exits
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Fartcoin’s price has retreated 14.35% from its monthly high, trading at $1.20 amid signs of a bearish reversal. Nansen data reveals a decline in smart money holders, with the count dropping to 37 from 44 this month. These sophisticated investors now hold 727 million tokens, down from 740 million last month.
Market observers note that smart money movements often precede broader trends. The current sell-off suggests profit-taking behavior among institutional and experienced traders. Exchange balances are rising, indicating potential further downside pressure.
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