Whale Purchases $1.37 Million in Fartcoin Amid Sell Signal
Fartcoin Status
- Current trading price: $1.19, down 6.5% in 24 hours.
- Market capitalization decreased by over $130 million.
- Last week’s peak was $1.40.
- Analyst Ali Martinez indicates a potential corrective phase with a sell signal from the TD Sequential indicator.
- Price targets suggested: $0.98 and $0.68.
Whale Activity
- A whale purchased 1.14 million FARTCOIN tokens worth approximately $1.37 million.
- Total investment by the whale: $5.86 million; currently up $658K.
Technical Analysis
- Descending triangle pattern formed since May 11, indicating potential downside pressure.
- RSI at 44, showing weakening momentum.
- Key support levels to monitor: $1.07 and $0.98.
- Bollinger Bands expanding; downtrend likely continues unless price recovers above $1.24.
- MACD below the signal line, reinforcing bearish sentiment.
Descending triangle on FARTCOIN 4-hour chart | Source: Trading View
FARTCOIN price chart with RSI and Bollinger Bands | Source: Trading View
FARTCOIN price chart with MACD | Source: Trading View