What FARTCOIN’s $2 mln whale movement means for traders targeting $1.60

Key Points

1. A major investor withdrew $2 million USDT from Binance to accumulate 1.56 million FARTCOIN, signaling strong whale interest and potential price movement.

2. FARTCOIN's chart shows a cup-and-handle breakout, with price targeting $1.4298 resistance and aiming for $1.60, but risks collapse if it falls below the breakout zone.

3. Derivatives activity indicates a subtle shift toward long positioning, with a Funding Rate of +0.0097%, reflecting a growing bullish bias.

4. Spot Taker CVD data shows dominant buy activity, aligning with whale accumulation and suggesting underlying market momentum.

5. A potential short squeeze could occur if bulls push above $1.43, as shorts make up 51.87% of positions, which may amplify price acceleration.