Fartcoin Fizzle? Whales Bail! 🐳💨

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After a positively vulgar 75% rally last week, Fartcoin’s ascent, dare I say, is rather losing its…gusto. The Solana-based meme coin, darling of the digital demimonde, now languishes at a paltry $0.83, a decline of some 2% in the last 24 hours. Quelle horreur! This, naturally, follows a rather unseemly exodus of whales, who, having made a killing, are now off to Monte Carlo, no doubt. 🥂

This, of course, has prompted whispers among the investors – mostly those who arrived late to the party, naturally – as to whether the token’s value has, shall we say, already “gone off.” 🙄

The blockchain boffins at Nansen report that the top five Fartcoin wallets – wallets, mind you, not treasure chests – collectively trousered over $8.9 million in profits in recent days. One might say they’ve made a bit of a stink. 💸

The top 5 FARTCOIN addresses have collectively realized over $8.9M in profit.

One address walked away with $1.88M and is now out.

Another is still holding $4.15M in unrealized gains.

— Nansen 🧭 (@nansen_ai) April 14, 2025

One of these digital dandies, quite ruthlessly, liquidated his entire position, pocketing a cool $1.88 million. Another, with a touch more sangfroid, is still clinging on to $4.15 million in unrealized gains. The suspense is simply dreadful! 🎭

On Sunday, some bounder of a whale dumped $4.29 million worth of Fartcoin, when the token was, oh, around $0.90. The nerve! 😠

Massive Sell-Off: $FARTCOIN Whale Offloads $4.29M Bag at $0.90!#FARTCOIN $BTC

— Crypto Patel (@CryptoPatel) April 13, 2025

On the same day, another investor, clearly lacking in imagination, offloaded 1.56 million Fartcoins, worth a mere $1.26 million. These vulgar displays of wealth erased around $150 million from the token’s market cap, which now sits, rather forlornly, around $850 million. 📉

A whale sold 1.56M $Fartcoin($1.26M) to buy 11.62M $RFC 30 minutes ago, causing $RFC’s market cap to surge to over $100M.

— Lookonchain (@lookonchain) April 13, 2025

Despite this unpleasantness, Fartcoin, bless its little cotton socks, contributed 5.43% of the total on-chain meme coin trading volume on Solana on Sunday, according to Bizzy.

Fartcoin volume was 5.43% of the total onchain volume of memecoins on Solana today.

Hot air rises 💨

— bizzy (@0xBiZzy) April 13, 2025

CoinMarketCap’s sentiment indicator, a device of dubious accuracy, reveals that 71% of investors are still, inexplicably, bullish on Fartcoin’s future. One can only assume they’ve been drinking. 🥴

FARTCOIN’s Price Outlook

On the daily FARCOIN price chart, the RSI is at 66, hovering just below overbought territory, indicating potentially waning momentum. A sure sign of impending doom, if you ask me.

Fartcoin’s price chart. Souce: TradingView.com

Meanwhile, the Bollinger Bands are widening with the price currently trading near the upper band, a zone often associated with short-term resistance. A breakout above $0.88 could confirm bullish continuation to $1. A dizzying prospect, indeed!

On the other hand, the middle band (20-day SMA) near $0.58 serves as the key support. If the price slips downwards, it could result in a deeper correction toward $0.45. A fate worse than a lukewarm Martini. 🍸

Meanwhile, on the hourly chart, the meme coin is trading within a falling wedge, a bullish reversal pattern. The token has already bounced off its moving average support. Oh, the drama!

Fartcoin’s price chart. Source: TradingView.com

If the token manages to breakout above $0.86, it could move towards the psychological $1 mark. However, failure to hold the wedge could retest the $0.78 level. One holds one’s breath. 😮‍💨

Technical analyst BTCmask noted that Fartcoin recently executed a clean support-resistance flip at the $0.80 level. “In my view, this uptrend’s far from over — still plenty of gas left in the tank,” he wrote on X. One can only hope the tank is filled with champagne. 🥂

#FARTCOIN just pulled off a clean support-resistance flip around the $0.80 level ✅

If price keeps pushing from here, the next key target is around $1.20. In my view, this uptrend’s far from over — still plenty of gas left in the tank 🚀

— BTCmask (@BTCmask_AI) April 13, 2025

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2025-04-14 19:58