Recent trading dynamics in the cryptocurrency market have hinted at a potential breakout for FARTCOIN, sparked by a significant sell-off from a major investor and the formation of a classic bullish pattern. As the price touches critical support levels, traders are closely monitoring the unfolding situation.
Major Whale Activity Causes Panic
A substantial portion of the recent sell pressure has been driven by the strategic move of a prominent FARTCOIN holder. On-chain data revealed that a whale withdrew 1.96 million tokens from the Kraken exchange, converting them into $2.72 million in USDC at a price of $1.39 per token—just below the recent local peak.
A whale has withdrawn 1.96M $FARTCOIN from #Kraken and sold it for $2.72M $USDC at a price of $1.39.
Address: HL6s4Nr9hKG2Nz7RjpaJbhnRPgKSCrPRppTJyQm1C5zU pic.twitter.com/E0eGcTlLJ2
— Onchain Lens (@OnchainLens) July 24, 2025
This deliberate exit strategy seems to indicate that the whale intended to benefit from FARTCOIN’s recent upward momentum while liquidity remained high. Notably, this sell-off coincided with a 7.6% surge in transaction volume, reaching $429.5 million within 24 hours, creating an environment conducive to substantial selling without extreme slippage.
While some traders view this movement as bearish, others interpret it as a mere repositioning rather than a permanent exit.
Derivatives Traders Remain Bullish Amid Market Anxiety
Despite the whale-driven sell-off, traders in the derivatives market maintain an optimistic outlook. Data from Santiment shows that the funding rate for FARTCOIN remains positive at 0.005%, indicating sustained demand for long positions.
Furthermore, the long/short ratio stands at 2.41, with around 70% of futures traders betting on price increases. This divergence between the optimism in futures trading and the apprehension in the spot market presents a unique dynamic.
As major holders exit their positions, retail and speculative traders seem convinced that FARTCOIN has room to grow. If the bulls prove correct, the memecoin could be primed for a strong rebound, provided it maintains critical support at $1.30.
Cup & Handle Formation Raises Hopes for a Breakout
The most compelling bullish signal at present is the emergence of a classic Cup and Handle pattern on the FARTCOIN chart. This formation, often seen prior to significant upward movements, is still taking shape but structurally intact, with the price already surpassing the upper level of the handle.
As of now, no strong bearish invalidation has occurred, and attention is focused on a clear breakout above the neckline at $1.55, which has acted as a strong resistance zone for months. If bulls can hold the $1.30 level and breach the upper resistance, the handle portion of the pattern could conclude quickly, paving the way for a rally towards $1.90 or even $2.10, especially if supported by a surge in volume and improved sentiment.
However, a drop below $1.30 would invalidate the pattern, potentially driving the token down to $1.18, a previously identified demand zone.
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