Fartcoin [FARTCOIN] faces rejection at $1.5318, retracing to $1.30

After rallying to a local high of $1.5318 the past day, Fartcoin [FARTCOIN] faced a strong rejection at this level.

After rallying to a local high of $1.5318, Fartcoin [FARTCOIN] faced strong rejection at this level. As such, the memecoin has retraced to $1.3, showing clear rejection and strong downward pressure.

Naturally, the pullback opened up a buying opportunity—one a whale didn’t ignore.

Big money’s in!

Amid the volatility, a whale accumulated 1.68 million FARTCOIN, spending 14,850 SOL, worth $2.48 million, according to Lookonchain.

Usually, when whales turn to accumulation, it signals confidence and conviction that an asset has future potential. However, other market participants are not as optimistic.

Consequently, when prices surged the previous day, investors who had been struggling entered the market to take profits.

Sellers press the panic button

Looking at Fartcoin’s Spot Buy/Sell Volume, it indicates that sellers have dominated the market on daily timeframes.

Sellers offloaded 664.6k tokens while buyers have bought 604k tokens, leaving the market with a negative Delta.

The uptick in Sell Volume suggested fear-driven exits. Most investors seemed eager to lock in profits rather than hold—reflecting fragile market confidence.

Having said that, the bearish tone extended beyond spot markets.

According to Coinalyze, Fartcoin’s Long/Short Account Ratio sat at 0.94—well below neutral.

As such, players in Futures are betting on the continued price decline, with shorts accounting for 52% of the total.

Therefore, Fartcoin is not only seeing significant selling pressure but also bearish sentiments are building in the market.

A push to $1.50… then a puff of doubt

As analyzed by AMBCrypto, the Fartcoin market is currently overheating, with buyers and sellers battling for dominance.

This lack of strength is evident as the upward momentum is weakening, and there isn't enough buying pressure to support it.

On the daily chart, FARTCOIN reached $1.50 but closed lower—another sign that sellers overwhelmed attempts to reclaim control.

Therefore, if the buying pressure builds, especially from whales as observed above, the market will see a trend reversal to the upside.

If buyers retake control of the market, Fartcoin will retest $1.54 and eye $1.6 resistance.

Conversely, if selling pressure builds at this level outpacing buyers, a short-term correction will emerge. Thus, we could see Fartcoin drop to $1.20 or even $1.07 before attempting another leg up.