Analysts Highlight Why FARTCOIN Under $1 Could Be a Smart Buy in August

Fartcoin has dropped more than 20% in the past 24 hours, becoming the market’s top loser. Despite the sharp decline wiping out all of August’s recovery gains, it appears whales and investors see this as a buying opportunity.

This article explains why analysts believe FARTCOIN under $1 could be a strong buy in August.

3 Reasons FARTCOIN Under $1 Is a Good Opportunity in August

Price data from BeInCrypto shows that FARTCOIN fell over 20% today to $0.85 — the lowest level in the past 90 days.

Trading volume exceeded $300 million, up 50% from August’s average. Combined with the sharp price drop, panic selling dominates sentiment for this meme token.

FARTCOIN 90-Day Price Performance. Source: BeInCrypto

However, the first sign that whales see this as a buying opportunity comes from OnchainLens. They observed a large wallet sending 12 million USDC to HyperLiquid and purchasing $1 million worth of FARTCOIN.

This activity shows that big investors still have confidence in the meme token. It could act as a catalyst for a FARTCOIN price rebound if the market reacts positively.

The second factor is Pump.fun, a Solana-based memecoin launch platform, recently launched the Glass Full Foundation. This fund aims to inject liquidity into selected memecoin projects, foster long-term success, and accelerate the growth of projects in the Pump.fun ecosystem.

The list of tokens that will receive liquidity support has not been revealed yet. Still, Fartcoin (FART) remains one of the leading memecoins in the Pump.fun ecosystem, according to CoinMarketCap data.

This puts FARTCOIN — and Peanut the Squirrel (PNUT) — in the spotlight as investors wait to see if it will benefit from the fund.

“Fartcoin is our crown jewel and it can NEVER be imitated,” Alon, co-founder of Pump.fun, said.

The third reason is that technical analysts remain optimistic about the price structure, especially with FARTCOIN trading below $1.

TraderSZ compared the current price structure to 2024 and believes that since May, FARTCOIN has been within a set zone and is ready for a bigger breakout than in 2024.

“Not sure why so many are hating or panicking. All we’ve done is trade in the same range. It did the same on the first leg. This one’s just longer. Usually, if the bullish thesis is correct… the longer it ranges… the bigger the blast-off will be,” TraderSZ predicted.

Other well-known analysts like Gordon also believe FARTCOIN under $1 is a strong buying opportunity in August.

In addition, FARTCOIN was listed on Coinbase in June. Currently, its trading volume on Coinbase accounts for over 16% of the daily total. The growing interest from US traders could add momentum for the meme coin’s recovery.

However, the crypto market has just entered the second week of August, with major macroeconomic data releases ahead — including CPI, PPI, and retail sales. These announcements could cause significant volatility for Bitcoin, while meme tokens could face even greater swings.