Fartcoin Whale Re-Enters Market with $9.97M Purchase, Signaling Potential Rally
17.04.2025 15:56
A major crypto whale has re-entered the FARTCOIN market, spending $9.97 million to buy back 11.21 million tokens. The move follows an earlier profitable trade that netted the whale a $3.33 million gain. Bullish signals are emerging as technical analysis indicates that if FARTCOIN closes above the critical daily level of $0.989, the coin could rally by up to 50% to reach approximately $1.55. On-chain analytics from CoinGlass show a strong long bias, with traders stacking long positions around the $0.83 support level in contrast to short positions near $0.885 resistance. The market is seeing a period of consolidation within a tight trading range, which is interpreted as a phase of accumulation. This renewed whale interest, combined with favorable technical indicators, adds to the optimism among traders, suggesting that FARTCOIN may be poised for an upward move despite current market uncertainty.
The news exudes bullish sentiment for FARTCOIN, as a significant whale re-entry supports a potential price surge. Technical indicators, including a breakout from an inverted head and shoulders pattern and strong accumulation, suggest immediate upward pressure if the coin closes above $0.989. High long positions and comparatively lower shorts further tilt the balance toward a short-term rally. The analysis weighs on-chain metrics, leveraged positions, and historical bullish moves, which indicate that, if momentum holds, both short-term and potential longer-term gains are likely, fueled by renewed trader confidence.
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