Fartcoin Experiences Significant Market Pressure Amid Sell-Off, While Large Holders Indicate Potential Upside Momentum
As of April 18, 2025, Fartcoin (FART) is undergoing heightened selling activity, leading to increased volatility in its market value. Despite this downward pressure, on-chain data reveals that major stakeholders, often referred to as ’whales,’ are accumulating positions—a signal interpreted by analysts as confidence in an impending bullish reversal. Market observers note that whale accumulation during price dips historically precedes breakout rallies in speculative assets. The token’s recent price action suggests a critical support zone is being tested, with trading volume spiking 42% above its 30-day average. Technical indicators point to oversold conditions on lower timeframes, potentially setting the stage for a short-term rebound if buyer momentum sustains. Institutional interest remains speculative, though derivatives markets show growing open interest in FART perpetual contracts across major crypto exchanges.
- Fartcoin dropped 10% in the last 24 hours, now trading at $0.8314 with volume down 26% to $272.33 million
- Key support sits at the 0.382 Fibonacci level near $0.69, offering a potential bounce zone
- Whale activity surged, including a $1M buy at $0.944 and a $9.97M re-entry by a previous profit-taker
- DeMark indicators hint at a new bullish wave forming, with $1.23 as the next major resistance
artcoin (FART) has been trading in a tight range between $0.80 and $1.00, with market uncertainty clouding its next move. In the last 24 hours, Fartcoin has experienced a significant 10% drop, currently trading at $0.8314. Trading volume over the past 24 hours sits at $272.33 million, marking a sharp 26% decline, while its market capitalization holds at $831.29 million.
Despite the ongoing pullback, some are pointing to the 0.382 Fibonacci retracement level NEAR $0.69 as a critical support zone to watch. This area could offer a potential bounce if the selling pressure continues. The correction comes amid broader market weakness, yet Fartcoin has shown resilience, defying the broader downtrend with sporadic bullish bursts.
Whale Activity Fuels Speculation of an Incoming Breakout
Adding intrigue to the price action, whale activity has surged, with large investors showing renewed confidence in Fartcoin’s upside potential. Data from Lookonchain reveals two major transactions in the past few hours that have caught the attention of the crypto community.
Just an hour ago, a newly created wallet swapped $1 million USDC for 1.06 million Fartcoin at an average price of $0.944, signaling strong buy-side interest even near the upper range.
Earlier, another whale spent $9.97 million to acquire 11.21 million Fartcoin at approximately $0.89, this same wallet had previously invested $8.15 million to buy 13.39 million Fartcoin at around $0.61, later exiting at $0.86 to secure a $3.33 million profit. This aggressive re-entry suggests a high conviction that the rally is far from over.
A whale spent $9.97M to buy back 11.21M $Fartcoin at ~$0.89 eight hours ago.
Previously, the whale spent $8.15M to buy 13.39M $Fartcoin at ~$0.61, then sold at ~$0.86 — making a ~$3.33M profit.https://t.co/QRigNnNgpH pic.twitter.com/gGvkn6A1FT
Technicals Support Further Upside
From a technical perspective, DeMark indicators are flashing bullish. Analysts tracking DeMark chart patterns highlight a clean breakout above key resistance levels, with the countdown reset, typically a sign that a new bullish wave may be forming, potentially lasting 13 to 22 trading sessions.
The next significant resistance lies at $1.23, but given the reflexive nature of Fartcoin’s price movements and heightened investor sentiment, some believe the rally could push well beyond that threshold.
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