The memecoin Fartcoin ($FARTCOIN), built on the Solana network, has shown resilience against a potential market downturn thanks to significant support from whales. Over the last 24 hours, it has rebounded impressively by 7.3%, even in the face of prevailing bearish sentiment.
Source: Finance Newso
Following a sharp 27% decline over a week that had it teetering on the brink of a major drop, FARTCOIN has bounced back to trade at $0.9106, maintaining a position above the essential support level of $0.805.
This resurgence has reaffirmed FARTCOIN’s status as the third-largest memecoin in the Solana Program Library (SPL), behind only BONK and TRUMP in market value.
Massive $7.6M FARTCOIN Selloff Creates Market Panic—But Smart Money Came to the Rescue
Despite the positive turnaround, heavy selling pressure around FARTCOIN has led to uncertainty in the market. Traders are left speculating whether the current surge is merely a short-term rebound or signals the start of a longer-term uptrend.
The recent trading activity underscores this selling trend, with one trader liquidating a staggering $478.73K worth of FARTCOIN tokens. In just six hours, the same account sold more than $1.34 million in FARTCOIN holdings.
This trader just offloaded $478.73K worth of #Fartcoin
In the last 6 hours alone, the wallet has dumped over $1.34M of Fartcoin.
Over the past 4 days, total #Fartcoin sales from this wallet have reached $7.6M.
Wallet- 46awYYmrncDQfM1DoqcAGcg6WoEJo3txAwY698FXN14R pic.twitter.com/gV406JYaki
— Stalkchain (@StalkHQ) June 22, 2025
In total, the sales from this wallet over the last four days have reached an eye-watering $7.6 million.
On-chain data indicates that FARTCOIN has emerged as the most sold token among savvy investors in the past 24 hours.
However, a prominent whale stepped in to stabilize the memecoin by acquiring FARTCOIN tokens worth $2.25 million.
Someone really just accumulated $2M of FARTCOIN pic.twitter.com/Ti56M9qgq7
— Kevin (@SirCallens) June 23, 2025
This investor purchased 2.4 million FARTCOIN tokens at $0.93 each and previously made over $4.7 million through earlier FARTCOIN trades.
This considerable acquisition has prompted many traders to see the current sell-off as an opportune moment to buy FARTCOIN below the crucial $1 mark.
Top Traders Sound Alarm: ‘Buy FARTCOIN Aggressively Now’
lots of top-tier memecoins on a discount
– $BONK
– $FLOKI
– #FARTCOIN
– #USELESS coin
these are all trading at prices many would have given an arm and a leg for just days or weeks ago
all look good to bid aggressively here IMO
what else do you think should be on the list?
— Unipcs (aka ‘Bonk Guy’) (@theunipcs) June 22, 2025
He noted, “these tokens are presently available at valuations that many investors would have eagerly sought just days or weeks ago,” urging market participants to engage actively.
Trader Mayne, founder of Breakout Prop, shared technical insights suggesting that FARTCOIN is positioned for a move beyond the $1 mark.
Price action specialist CryptoUB echoed this optimistic sentiment, asserting that there is no need for complex technical analysis to recognize FARTCOIN’s potential ascent toward the psychological resistance level of $2.
FARTCOIN
You don’t need any fancy TA to see that the move to $2 is loading. FARTCOIN continues to be my main focus for altcoin trades.
There’s no other altcoin with as much mindshare, intra-day price action, or HTF potential. pic.twitter.com/rwSU6q16Xh
— UB (@CryptoUB) June 9, 2025
CryptoUB emphasized that FARTCOIN is his primary focus for altcoin trading, highlighting its notable market presence, volatility, and potential for long-term gains.
Technical Analysis: FARTCOIN’s Cup-and-Handle Signals $2 Breakout
An analysis of Crowd Wisdom’s investment metrics shows that FARTCOIN’s technical indicators are sending mixed signals, with the RSI indicating bearish tendencies alongside a head-and-shoulders pattern.
On the other hand, bullish momentum is suggested by the presence of a triangle configuration and Fibonacci retracement levels.
Source: Crowd Wisdom
Sentiment analysis shows that both individual traders and institutional investors hold positive expectations for FARTCOIN at its current price point.
The daily chart for FARTCOIN/USDT displays a classic cup-and-handle pattern, with a rounded bottom “cup” and a developing “handle” that resembles a descending channel or flag structure.
This setup often signifies the potential for bullish continuation, contingent upon confirmation via a breakout above the handle’s upper resistance line.
Decreasing volume throughout the handle formation supports a bullish scenario, though definitive confirmation has yet to be seen.
Should buyers manage to push prices past the $1.05–$1.10 resistance zone, a surge towards the $1.80–$2.00 target range could follow.
Conversely, failure to achieve this breakout might lead to a retreat towards the $0.70 support level. Current momentum indicators suggest neutral to slightly bearish short-term conditions, but the overall technical structure indicates bullish possibilities should the expected breakout occur.
The post $2M Whale Purchase Rescues FARTCOIN from Collapse — $2 Price Target Within Reach? appeared first on Finance Newso.
