FARTCOIN holds $0.23 support in an ascending channel, trading at $0.31 despite a 3.23% daily dip. Top holders increased holdings by 9.38% to 692 million tokens per Nansen data, with a whale acquiring $2.66 million worth, signaling confidence amid bearish RSI at 48.
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Whales net accumulated 51.16 million FARTCOIN over four days.
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Buy volume exceeds sell volume on major exchanges like Binance and Coinbase.
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RSI at 48 indicates seller dominance, but accumulation hints at potential reversal.
Explore FARTCOIN whale accumulation as top holders add 9.38% amid $0.23 support hold. Trading at $0.31, discover buy pressure and reversal signals now.
What is FARTCOIN’s current market trend?
FARTCOIN has maintained a mini ascending channel since holding $0.23 support, recently touching a local high of $0.32. At press time, it trades at $0.31, reflecting a 3.23% daily decline after a 3.21% weekly gain. This resilience draws whale interest, positioning the memecoin for possible upward momentum.
Why are whales accumulating FARTCOIN now?
Following a retracement from breakout levels, FARTCOIN top holders boosted positions by 9.38% to 692.04 million tokens, based on Nansen data. Over four days, these addresses added 69.24 million tokens while offloading just 18.08 million, netting a positive balance change of 51.16 million. This aggressive buying underscores whale confidence during price weakness.
Source: Nansen
Onchain Lens reported one whale spending $2.66 million on 8.58 million FARTCOIN tokens. Such moves during dips often precede rebounds, as large investors anticipate recovery. Exchange data from Binance, Coinbase, and Bitstamp shows buy volume surpassing sells, reinforcing demand.
Source: Coinalyze
At press time, buy volume stood at 5.17 million versus 4.12 million in sells, yielding a positive market delta of 1.05 million. This imbalance highlights growing buyer interest.
Frequently Asked Questions
What is FARTCOIN price after recent whale accumulation?
FARTCOIN trades at $0.31, down 3.23% daily but up 3.21% weekly after holding $0.23. Top holders added 9.38% or 692 million tokens per Nansen, with net gains of 51.16 million in four days amid exchange buy pressure.
Are whales showing confidence in FARTCOIN right now?
Yes, whales are accumulating FARTCOIN aggressively. Nansen data shows top holders up 9.38% to 692 million tokens, netting 51 million in four days. One whale bought $2.66 million worth via Onchain Lens, expecting a rebound despite current dips.
Key Takeaways
- Strong whale accumulation: Top holders increased 9.38%, netting 51.16 million FARTCOIN per Nansen.
- Positive volume delta: 5.17 million buy versus 4.12 million sell volume signals rising demand on key exchanges.
- Monitor for reversal: RSI at 48 shows seller edge, but sustained buying could push toward $0.36 resistance.
Conclusion
FARTCOIN’s hold above $0.23 support, coupled with whale accumulation up 9.38% and strong buy volume, positions the memecoin for potential trend reversal despite RSI indicating seller control at 48. Continued absorption of selling pressure could drive it toward $0.36 and $0.40. Investors should track buyer dominance shifts and volume trends for FARTCOIN’s next move in this dynamic market.
TradingView’s Buyers in Control indicator reveals seller dominance for three weeks, with buyers last in charge from November 23 to December 8. FARTCOIN’s RSI has hovered bearishly below 50 for two weeks, hitting 48 at press time, per TradingView data. This setup underscores caution, as prolonged seller strength risks a drop to $0.28.
Source: TradingView
Should whales persist in accumulating, FARTCOIN may overcome resistance. Market observers note these patterns often precede rallies in memecoins, drawing from historical on-chain behaviors. Data from Nansen and Coinalyze supports this view, emphasizing the role of large holders in volatility.
Source: https://en.coinotag.com/fartcoin-whales-accumulate-amid-seller-dominance-potential-reversal-ahead
