Jakarta, Pintu News – Two “whales” have recently made massive purchases of FARTCOIN, signaling a potential price explosion that may occur. Within 24 hours, they had invested a total of $8.7 million to buy more than 7.2 million FARTCOIN, at an average price of $1.20 to $1.22 per token. Although the price is currently hovering around $1.17, a 2.46% drop in a day, this large-scale buying spree is indicative of increased confidence from savvy investors.

FARTCOIN’s daily chart shows a well-formed cup and handle pattern, a classic bullish reversal signal. The neckline of the pattern is around the $1.2575 resistance level, which has been a key barrier in recent weeks. Currently, the price is consolidating below the downtrend line, forming the “handle” of the structure. If the price manages to break above $1.26, the pattern will be confirmed and will likely trigger a rally towards $1.60.

However, if FARTCOIN fails to reclaim this level in the near term, bearish pressure may return towards the $1.00 psychological support. Failure to break could keep the token in further consolidation, so it is important for traders to watch for volume spikes and funding spikes as breakout confirmation signals.
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Despite the latest whale activity, Spot Exchange Netflow on July 6 showed a figure of -112.67K according to CoinGlass. This means that more FARTCOIN is exiting exchanges than entering, suggesting that investor behavior broadly still prefers to hold rather than sell. This trend continues to support the supply shortage narrative. Although whales have injected new liquidity, the lack of significant inflows suggests that sellers are not dominating.
The continuation of this trend could be a strong indicator that FARTCOIN may experience an increase in price if demand continues to increase while supply decreases. Investors and traders should pay attention to this indicator as an important signal of market sentiment that may not be directly visible from daily price movements.

The funding rate on Binance recently turned positive at 0.005%-a subtle but important change. While this rate is still moderate, it marks a critical sentiment turning point after a long period of negative or neutral positions. This increase is in line with the recent price consolidation near resistance, implying that traders are expecting a breakout.
However, until funding levels increase significantly, confidence remains cautious. Traders should remain alert to these sudden changes in funding levels as one of the early indicators of changes in broader market sentiment towards FARTCOIN.

FARTCOIN is at a critical technical junction, supported by massive whale buying, a bullish chart structure, and slightly improved trader sentiment. However, continued negative sentiment and declining network growth suggest that cautious optimism is still needed. A confirmed breakout above $1.26 could change the course completely, but failure to do so will probably keep the token in further consolidation.
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