- Over the last 16 hours, FARTCOIN’s price declined by approximately 3.67%, settling at $0.6138 on Binance.
- The Open Interest for FARTCOIN derivatives stood at 68.665 million, showcasing sustained market involvement.
Fartcoin [FARTCOIN] has recently experienced significant market activity, with its price, whale accumulation, and other indicators suggesting a potential recovery despite short-term bearish trends.
Price trends show potential
Over the last 16 hours, FARTCOIN’s price declined by approximately 3.67%, settling at $0.6138 on Binance. The hourly chart highlighted a bearish pattern with lower highs and lows, reflecting continued selling pressure.
Source: Coinglass
However, the Relative Strength Index (RSI) at 37.15 signaled a potential turnaround as it approached oversold levels.
This suggested that the bearish momentum may be slowing, and the stage is set for a reversal if buying interest emerges, thus aligning with the whales’ idea to accumulate.
Whale influence driving optimism
Recent activities by whales, underscore growing confidence in FARTCOIN’s prospects.
Whale 1 converted 14,779 JITOSOL ($3.66 million) to purchase 5.5 million FARTCOIN, bringing their total holdings to 8.39 million coins valued at $5.52 million.
Source: Arkham
Meanwhile, Whale 2, using a newly created wallet, invested $2.43 million in USDC to acquire 2.84 million FARTCOIN.
These whale movements often drive market interest and create a ripple effect among smaller investors.
Their accumulation signals potential price stability or surge, as increased demand from such high-value participants often strengthens market sentiment.
Steady growth in interest
The Open Interest for FARTCOIN derivatives stood at 68.665 million at press time, showcasing sustained market involvement.
High and stable Open Interest typically reflects growing investor engagement, which can support price stabilization or even upward momentum.
The influx of new money into FARTCOIN indicates traders’ anticipation of potential gains, aligning with whale activity as a positive market driver.
Momentum signals
The Cumulative Volume Delta (CVD) read -73.898 million at the time of writing, indicating that selling pressure has dominated in recent sessions.
However, the negative CVD hinted at a potential recovery if buying volume increases. A positive CVD shift, combined with the RSI nearing oversold conditions, would further signal a market rebound.
Read Fartcoin’s [FARTCOIN] Price Prediction 2025–2026
FARTCOIN’s recent downturn is tempered by strong whale accumulation, stable Open Interest, and RSI levels approaching oversold territory.
While short-term trends remain bearish, the underlying metrics suggest a recovery could be on the horizon.
