Fartcoin Gains 7.5% as Top Holders Accumulate 100 Million Tokens
Fartcoin Update
- Fartcoin gained 7.5% on Tuesday, trading at $1.02 with a market cap of $1.02 billion.
- 24-hour trading volume rose by 74% to $216 million after a 15% weekly decline from $1.67.
- Top 100 holders accumulated over 100 million tokens, a 21.74% increase in the last month.
- Exchange balances increased by 25%, indicating increased demand or redistribution.
- Smart money holdings dropped by 40.36%, and whale wallets decreased exposure by 29.37%.
A Breakout Above?
- Fartcoin's price action suggests an end to Wave (4) and the start of Wave (5), a historically explosive phase.
- Strong price support is near $0.98; analysts target the $1.86–$2.36 range for potential price movement.
Price Outlook
- Fartcoin is nearing the midline of the Bollinger Bands, signaling possible price stabilization.
- The RSI is below neutral, indicating room for upside movement.
- If it drops below $0.98, a dip to $0.77 could occur.
Fartcoin bounces off support, hinting at Wave 5 | Source: Trading View
Fartcoin nears 20-day SMA with RSI below neutral | Source: Trading View