Fartcoin whales jump ship: Will $0.93 be next?

Key Points

1. Whales sold millions in FARTCOIN holdings, with one whale taking a $631,000 loss after dumping their stash for $3.9 million.

2. Retail traders also joined the sell-off, resulting in a negative Buy-Sell Delta of $129k over six consecutive days.

3. Technical indicators like the Relative Vigour Index (RVI) and Directional Movement Index (DMI) show sustained bearish momentum, with RSI declining to 0.034 and +DI dipping below the neutral threshold.

4. If bearish pressure continues, FARTCOIN risks breaking the $1.00 support and falling to $0.938, though a rebound to $1.20 is possible if bulls re-enter and hold the $1.00 level.