- A whale sold 1.96M FARTCOIN at $1.39 amid a volume surge.
- Cup & Handle pattern hints at a potential breakout.
- $1.30 support is key; drop below may signal $1.18 next.
FARTCOIN recently fell from a local high of $1.69 to a low of $1.29, prompting concern among holders.
In addition, the recent price action has sent mixed signals to traders, but a major technical pattern is now taking shape that could redefine its short-term trajectory.
While bearish sentiment has crept into the market following a high-profile whale exit, the bullish setup suggests that an explosive breakout may be on the horizon.
At press time, FARTCOIN was trading around $1.36, recovering slightly after the recent dip.
Huge whale movement triggers panic
Much of the recent sell pressure has been driven by a strategic move from a major FARTCOIN holder.
According to on-chain data, a whale withdrew 1.96 million tokens from Kraken and quickly swapped them for $2.72 million in USDC. The sale was executed at $1.39 per token, just below the recent local high.
A whale has withdrawn 1.96M $FARTCOIN from #Kraken and sold it for $2.72M $USDC at a price of $1.39.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 precise exit strategy suggests the whale was looking to capitalise on FARTCOIN’s recent surge while liquidity remained high.
Importantly, this whale exit coincided with a 7.6% spike in trading volume, which hit $429.5 million within 24 hours.
This sudden liquidity rush provided the ideal environment for a large sell-off without causing extreme slippage.
While some traders see this move as a bearish signal, others believe it may simply be a repositioning rather than a permanent exit.
Bullish futures sentiment defies spot market fear
Despite the whale-led sell-off, derivatives traders remain optimistic.
Data from Santiment shows FARTCOIN’s funding rate has held positive at 0.005%, indicating sustained demand for long positions.
Similarly, the Long/Short Ratio stands at a strong 2.41, with approximately 70% of futures traders betting on price increases.
This divergence between futures optimism and spot market anxiety presents a unique dynamic.
While large holders are exiting positions, retail and speculative traders appear confident that FARTCOIN’s price has more room to climb.
If the bulls are correct, the memecoin may be gearing up for a strong rebound — provided it maintains critical support at $1.30.
Cup & Handle formation sparks breakout hopes
The most compelling bullish signal right now is the emergence of a classic Cup & Handle pattern on FARTCOIN’s chart.
This pattern, often seen before major upward moves, is still forming but remains structurally intact and the price has already broken above the upper level of the handle.
No strong bearish invalidation has occurred so far, and eyes are on a clean breakout above the neckline at $1.55, which has acted as a strong resistance zone for months.
If bulls manage to hold the $1.30 level and push through the upper resistance, the handle portion of the pattern could complete swiftly.
This move could set the stage for a rally toward $1.90 or even $2.10, especially if backed by rising volume and improving sentiment.
However, a breakdown below $1.30 would invalidate the pattern and potentially send the token down to $1.18, a previously identified demand zone.
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