Key notes
- A whale overturned $ 297,000 in a profit of $ 127,000 after sold 2.69 million Fartcoin at $ 0.92.
- Another whale bought 2 m of Fartcoin at $ 0.85, reporting interest with high issues.
- Fartcoin is negotiated at $ 0.9090, leading an ascending channel with upward targets up to $ 1.52.
Fartcoin (Fartcoin) organized a remarkable rally, climbing almost 9.76% in the last 24 hours to exchange around $ 0.9090, from April 21. This price leap intervenes in the wake of a significant whale activity which not only reversed previous losses but also injected with freshness.
Whale buyer
Only three days ago, the Lookonchain blockchain analysis company reported that a whale that had previously lost $ 701,000 on Fartcoin had plunged into the token again, spending 14,725 soil (1.98 million dollars) to acquire $ 2.22 million at $ 0.89.
This whale overturned the script – transformed the losses into gains.
It sold $ 2.69 million Fartcoin ($ 2.47 million) at $ $ 3.92 3 hours ago, making a profit of $ 127,000. pic.twitter.com/ozt2yp3kdw
– Lookonchain (@lookonchain) April 21, 2025
At the time, the portfolio was down $ 297,000, a story of continuous losses. Quick advance until April 21, and the tables have turned. The portfolio sold 2.69 million Fartcoin ($ 2.47 million) at $ $ 0.92, locating a profit of $ 127,000, revealed Lookonchain.
The whale’s decision to sell slightly above its entry price has borne fruit, not only validated its conviction, but also arouse increased market confidence in the asset.
Adding to the bullish feeling, another whale intervened on April 20, increasing 2 million Fartcoin for $ 1.7 million with an average of $ 0.85 per token. Although this second entity has not yet succeeded, their entry suggests that Smart Money anticipates more short term.
A whale bought $ 2 million Fartcoin ($ 1.7 million) at an average price of $ 0.85 7 hours ago. pic.twitter.com/wga1goinkyh
– Lookonchain (@lookonchain) April 20, 2025
Technical unit: Fartcoin Eyes $ 1.07, then $ 1.52
By looking at the daily Daily Fartcoin graphic, the price action moves properly within a parallel ascending channel, a structure which often refers to a continuation trend with predictable support and resistance levels.
Fartcoin price board | Source: tradingView
Support and resistance:
The immediate support is nearly $ 0.82, the lower tendency line of the canal and also in confluence with the Fibonacci retracement of 0.618.
Immediate resistance is just general costs at $ 0.93 at $ 0.95, right next to the higher trend line.
The current ascending momentum suggests a possible break above this area of resistance. If the bulls manage to maintain above $ 0.95, the following targets based on emerging fibonacci to:
- $ 1.07 (1.618 FIB extension)
- $ 1.52 (2.618 FIB extension)
- $ 1.97 and $ 2.25 in the larger bullish case
The MacD indicator shows a bullish crossover that is just starting to cool slightly, but no high bearish divergence is still present. This supports the case for the potential pursuit of the ascending trajectory.
Risk risks
If the price is broken down below the support of the lower channel almost $ 0.82, the eyes turn to fiber levels of 0.786 ($ 0.71) and 0.618 ($ 0.58) for potential capture areas.
A rupture of less than $ 0.55 would invalidate the upward structure and probably inaugurate a deeper correction towards levels of 0.46 or even $ 0.35.
following
Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
Parth Dubey on LinkedIn
