FARTCOIN
**Severe Sell-off:** FARTCOIN plummeted over 20%, falling below $0.30 amid a panic sell-off and a general downward trend for Meme coins on the Solana ecosystem, accompanied by a sharp increase in trading volume.
**Whales Accumulate:** Despite the price drop, large wallets opened long positions worth approximately $8.6M, indicating strong bullish confidence and buying activity at the bottom of the smart currency.
**Key Support Holds:** The price stabilized above the key support level of $0.21 after approximately $5.9M of long positions were liquidated, clearing out excessively leveraged positions.
** Bullish direction in the futures market: Futures data shows a high long/short ratio of around 1.6, with analysts targeting bullish buy positions around $0.285, indicating speculative interest.
Technical analysis shows a divided market.
FARTCOIN is giving conflicting signals. Although the weekly chart is bearish after a more than 20% drop, the price is still holding key support at $0.21. The nearest resistance is around $0.35, along with the RSI in the neutral zone, suggesting a fragile equilibrium.
Whales clash with panic from retail investors.
News highlights a large sell-off driven by panic from retail investors. However, reports also show whales actively buying with multi-million dollar long positions, creating a strong divergence in market sentiment and potential for a reversal.
Trading on Binance
Although there are currently no specific promotional campaigns, FARTCOIN is still available for trading. Users can trade the FARTCOIN/USDT pair on the spot market and perpetual contracts on Binance Futures, providing multiple options for market participation.
Strategic Levels to Watch
The $0.21 level is a key support to watch.
A break above the $0.35 resistance could signal a continuation of the uptrend.
