What To Know
- Whales scoop over 3 million FARTCOIN tokens, signaling strong confidence.
- Bullish falling wedge pattern hints at possible breakout for FARTCOIN.
- Community hype and whale backing fuel optimism for a 2025 FARTCOIN rally.
The meme coin frenzy is a never-ending saga, which is backed by massive hype and community engagement. Several meme coins have benefited from it in the past and this time it might be FARTCOIN.
In fact, FART might not just be backed by community support, but also from whales, as they are scooping up a substantial amount of it in recent days. Does this mean FARTCOIN will be the next big meme coin in 2025?
FARTCOIN Whales are now Active!
Whale activity has once again sparked excitement in the meme coin market, this time around FARTCOIN. This being in association with a tweet and data by Nansen (a popular data analytics platform), the past 18 hours have seen massive movements from major crypto whales such as Token Millionaire, Higher Balance, and Sol Millionaire who have reportedly picked up a combined total of over 3 million FARTCOIN.
Such aggressive accumulation by high-profile players often signals growing confidence in the asset’s near-term potential.
The presence of whales is essential for providing market momentum. Having made purchases of large amounts, they absorb supply and strongly sway sentiment among retail investors.
When whale wallets start laying down big bets, it is FOMO-fashion, with smaller traders following. This aligns to create its strong upward price pressure on meme coins as they largely depend on hype and community enthusiasm for performance.
The timing of these purchases is particularly noteworthy, as FARTCOIN has been gaining visibility across social media and within meme coin circles. With whales consolidating positions and retail sentiment heating up, the stage could be set for a price surge in the coming days. While meme coins remain speculative and volatile, the latest whale activity suggests that FARTCOIN may be preparing for its next big rally, making it one to watch closely.
Assessing What Metrics Are Suggesting
CryptoMoonPress then took a closer look at FART’s daily price chart to better understand whether a price upsurge is looming. As per our analysis of FART’s daily chart, a bullish falling wedge pattern appeared on the token’s price chart.
The pattern first emerged in July and since then FAT’s price has been consolidating inside it. At the time of writing, it was testing the resistance of the pattern. Backed by whale buying pressure, the chances of FART breaking above the pattern seems high.
However, not everything was favoring the token. For example, the MACD displayed an on-going tussle between the bulls and the bears as the 12 day and the 26 day EMAs were closely knit. On top of that, the Money Flow Index (MFI) registered a sharp down tick.
In cryptocurrency, a Money Flow Index (MFI) decline means the indicator is falling from high levels, suggesting decreasing buying pressure and a potential shift from an overbought to a more balanced or oversold state.
A sharp MFI decline alongside a price decrease can signal waning selling pressure and an approaching upward reversal. If overall selling pressure remains high, then FARTCOIN might not as well manage to break above the pattern anytime soon.
Final Takeaways
In conclusion, FARTCOIN is emerging as a meme coin to watch in 2025, with whale accumulation and bullish chart patterns fueling optimism. The strong involvement of whales like Token Millionaire, Higher Balance, and Sol Millionaire highlights growing confidence, potentially setting the stage for a breakout.
However, mixed technical indicators, including a weakening MFI, suggest that momentum is not entirely one-sided. While risks remain, the combination of whale backing and community hype could position FARTCOIN for significant upside, provided it sustains buying pressure and breaks key resistance levels.
