What FARTCOIN’s $2 mln whale movement means for traders targeting $1.60

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Rally Fartcoin is powered by whale accumulation, cup and hustoms, growing financing rates and the buyer’s dominance. A slight short bias could trigger a press if Bulls gets back $ 1.43 with a belief.

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Fartcoin [FARTCOIN] caught the attention of whale after the main investor withdrew from Binance and $ 2 million and accumulated 1.56 million fartcoins on average $ 1.28.

This aggressive purchase event occurred just at a time when MEMECoin began to violate the descending channel. Such whales often precede the main price movements, especially if they are in line with the key technical escapes.

This step adds a strong bull undertone to the short -term Fartcoin market and sets a phase for the potential continuation of ascending ascending as long as it continues in the subsequent volume.

Will the escape support another price increase?

Technically created Fartcoin’s chart setting up textbooks of cups and management, which violated the decreasing trend line of the handle and as support of $ 1,2675.

Since the price now focuses on the resistance of $ 1.4298 and focuses on $ 1.60, the escape can get dynamics. However, if the price falls below the escape zone, the bull work could quickly collapse.

Traders are leaning again?

The derivative activity reflected this shift. The FARTCOIN OI funding rate was +0.0097%, reflecting a gentle shift towards a long placement across derivative platforms.

While the growth is not extreme, it still means a trend towards the bull’s birdness without overheating the overheated area.

Mobility building below the surface

Interestingly, CVD has shown dominant pressure on the market in the last 90 days.

This metric measures the difference between purchases and sales on the market and its current dominance in favor of shopping in accordance with whale activity and technical escape.

Usually, when the consumption of demand exceeds the supply in key resistance zones, it strengthens the validity of the bull settings.

Therefore, this increase in dominance to purchase TAKER indicated that the price action is supported by real demand rather than just a speculative lever effect.

Can a short compression push fartcoin even higher?

Here things are interesting.

The long/short fartcoin ratio was 0.9279, with shorts of 51.87% of positions.

Although it is not extreme, this slight short dominance could bounce. If Bulls is pushing above $ 1.43, short disposal could amplify price acceleration – the potential setting of short compression in the game.

Fartcoin seemed that Fartcoin seemed to be ready for the next time when several bull signals-acumulation of newcomers, classic escape of the cup and noise, positive financing and dominant consumption volume.

While short positions slightly outweigh for a long time, this imbalance could act as a fuel for a potential short presses.

If Bulls maintain dynamics and get back $ 1.43, Fartcoin can gather towards $ 1.60 and consolidate this escape as a launchpad for a wider bull trend.