Fartcoin whales jump ship: Will $0.93 be next?
2025-07-10 00:11:39
Main Idea
Fartcoin (FARTCOIN) is experiencing significant bearish momentum as whales and retail traders exit, risking a drop below the $1.00 support level.
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.
Description
Are whales signaling the end for Fartcoin’s current cycle by rotating into SPX, BONK, and PENGU?
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