Fartcoin’s Rally Hits a Wall as Whales Dump Holdings—Technical Signals Flash Red

Fartcoin’s 2025 bull run just choked on its own hype. On-chain data shows institutional wallets unloading bags while retail FOMO traders scramble to catch the falling knife.

Key indicators turn sour: The token failed to hold its 200-day moving average, and daily RSI plunged from overbought to bearish divergence in 72 hours. Even the usual crypto permabulls are muting their ’BTFD’ chants.

One hedge fund quant quipped: ’When a coin called Fartcoin starts smelling, even degens hold their noses.’ Meanwhile, Bitcoin maximalists are—predictably—using this as proof that ’shitcoins always return to their intrinsic value.’

Another red flag for the Fartcoin token is that the number of tokens on exchanges has continued to rise in the past few days. There were 174.29 million tokens on centralized and decentralized exchanges like Raydium, Kraken, and KuCoin, a 9.48% increase from last week.

Rising exchange balances are usually a bearish sign since they signal that investors are moving their tokens from their cold wallets to exchanges to sell them. 

Fartcoin price technical analysis

The daily chart shows that the Fartcoin price surged from a low of $0.20 in March to $1.4677 earlier this month. This rally helped to spark the recent surge in solana (SOL) memecoins, which helped to turn their market cap from $6 billion to $15 billion today. 

On the positive side, Fartcoin price remains above the 61.8% Fibonacci Retracement level and the 50-day moving average. However, it has also formed a rising wedge pattern, a popular bearish reversal sign in technical analysis.

Therefore, the outlook is bearish if it is below the resistance point at $1.4677. A MOVE above that level will point to more gains to $2. However, there is also a risk that the Fatcoin price will drop below $1.