Whale Buys $1.37M Fartcoin Despite Sell Signal, What’s Ahead?

9h ago•

bullish:

bearish:

Fartcoin FARTCOIN $1.20 24h volatility: 1.5% Market cap: $1.20 B Vol. 24h: $236.92 M is currently trading around $1.19, down by 6.5% in the past 24 hours. The recent downturn has wiped off more than $130 million from its market capitalization, marking a pullback after last week’s rally to a local high of $1.40.

As the 64th largest cryptocurrency sees a cool-off, popular crypto analyst Ali Martinez warns that FARTCOIN could be entering a corrective phase. According to him, the TD Sequential indicator on the weekly chart has flashed a sell signal for FARTCOIN.

#Fartcoin could witness a corrective phase toward $0.98 or even $0.68 as the TD Sequential indicator presents a sell signal on the weekly chart! pic.twitter.com/trmbAjrmrC

— Ali (@ali_charts) May 19, 2025

He suggested a potential downside target of $0.98 or even $0.68 if the trend intensifies.

However, despite the bearish signal, a whale has scooped up 1.14 million FARTCOIN tokens, worth around $1.37 million. According to the onchain data by LookonChain, the whale is engaging in a Solana-based meme coin buying spree.

A whale spent $5.86M to bet on Solana #memecoins—and is now up $658K.

He spent:
$1.49M to buy 1.48M $WIF($1.4M);
$1.47M to buy 1.14M $Fartcoin($1.37M);
$1.05M to buy 2.92M $POPCAT($1.26M);
$946K to buy 381M $MEW($1.21M);
$898K to buy 67.44B $BONK($1.28M).… pic.twitter.com/UQq4XVJkqw

— Lookonchain (@lookonchain) May 19, 2025

Interestingly, the investor is already sitting on $658K in profit from a $5.86 million total investment. This move comes as several crypto analysts, including BitMEX co-founder Arthur Hayes, are suggesting that an altcoin rally may arrive soon.

FARTCOIN Price Outlook

On the 4-hour chart, FARTCOIN has formed a descending triangle pattern since May 11, with lower highs pressing down against the $1.19 support zone. This bearish formation signals downside pressure, with a breakdown potentially targeting $0.98 forecasted by Martinez.

Descending triangle on FARTCOIN 4-hour chart | Source: Trading View

The RSI is currently at 44 with a downward gradient, suggesting weakening momentum with no sign of reversal yet. If the cryptocurrency breaks below the current price, traders should watch $1.07 and $0.98 as the next key support levels.

FARTCOIN price chart with RSI and Bollinger Bands | Source: Trading View

The Bollinger Bands are starting to expand as the price approaches the lower band, signaling continuation of the downtrend. However, any bounce above the mid-Bollinger band (20-day SMA) around $1.24 could invalidate the bearish structure.

MACD has crossed below the signal line with a bearish histogram, reinforcing the negative sentiment. Traders will need to monitor the $1.19 support level closely as any decisive move from here may decide the next price target.

FARTCOIN price chart with MACD | Source: Trading View

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