Despite a Recent Market Pullback, Investor Confidence Remains High, Suggesting FARTCOIN's Momentum May Be Far From Over

After a brief but sharp 6.5% drop to around $1.19, FARTCOIN shed more than $130 million in market capitalization.

Despite a recent market pullback, investor confidence remains high, particularly among whales, suggesting that FARTCOIN’s momentum may be far from over.

Whale Confidence Amid Market Dip

After a brief but sharp 6.5% drop to around $1.19, FARTCOIN shed more than $130 million in market capitalization. While this technical dip coincided with a bearish signal from the TD Sequential indicator, one prominent whale defied the trend, scooping up 1.14 million FARTCOIN tokens worth approximately $1.37 million.

A crypto whale who invested $5.86 million in Solana-based meme coins is currently sitting on a $658,000 profit, which includes $1.37 million from Fartcoin. Source: Lookonchain via X

The bold buy, flagged by blockchain tracker LookonChain, came even as popular analyst Ali Martinez warned of potential downside targets at $0.98 and $0.68. However, the whale’s move signals underlying confidence, especially as the investor already holds over $650,000 in unrealized profits from a $5.86 million investment across several Solana-based meme coins.

Technical Setup Remains Bullish

FARTCOIN’s current price action shows mixed signals. On the 4-hour chart, the token has formed a descending triangle pattern—often a bearish formation—pressing against the critical $1.19 support. If this support fails, Martinez’s projected targets could come into play.

Fartcoin is currently trading within an ascending channel, indicating a potential opportunity for further gains. Source: Itachii13 on TradingView

Yet technical indicators offer a more nuanced outlook. The Bollinger Bands are widening as the price approaches the lower band, a possible prelude to high volatility. Meanwhile, the MACD has turned bearish, but if bulls manage to push the price above the 20-day SMA near $1.24, the bearish pattern could be invalidated.

“The RSI is sitting at 44 with a downward slope, showing weakening momentum,” said one analyst. “But reversals can happen quickly in meme coin markets—especially with strong community backing.”

Tier-1 Listing Ignites Bull Flag Breakout

Much of the recent bullish sentiment stems from FARTCOIN’s listing on Hyperliquid, a decentralized tier-1 exchange. Following the listing, the coin surged from $1.25 to $1.45 in just 24 hours, briefly ranking among the day’s top performers in the crypto top 100.

Technical analysis revealed a classic bull flag breakout on the 4-hour chart, suggesting further upside potential. “Listings on top exchanges tend to increase liquidity and visibility,” said Victor Olanrewaju in a recent report. “This can fuel continued rallies, especially when meme-driven enthusiasm is already high.”

New Hyperliquid listing sparks 100% rally for Fartcoin as interest in meme assets remains elevated.

The coin is up over 100% since the listing, which took place on Thursday. It is now trading at around $1.4, having risen sharply from lows of around $1.2.

The listing comes as Fartcoin has been one of the best-performing coins in the crypto top 100. It is currently ranked no. 66 on CoinGecko, with a market cap of over $860 million.

A massive bull flag breakout on the 4-hour chart of Fartcoin suggests that the coin could rally further. The coin broke out of the bull flag pattern early on Friday, and it has since risen to new highs of over $1.45.

The coin’s price is still holding above the Supertrend indicator, which remains in the buy zone.

According to data from Santiment, Open Interest in Fartcoin has spiked to $288.41 million. Such a rise in OI reflects strong buying pressure in the derivatives market, which can amplify price movements in either direction.

"Hot air rises." - Fartcoin continues its unusual price behavior as we saw another weird deviation below support with a huge green candle to follow.

The coin is showing signs of resilience despite the broader market downturn. It fell sharply on Friday, but it has since recovered to trade above the $1.10 support level.

Next price targets are $0.98 and $0.68 if the sellers take over completely.

At current levels, buyers appear to be in control, and the coin could rise to retest the $1.55 resistance zone. A break above this level could clear the way for a move toward $2.13, setting the stage for a shot at a new all-time high near $2.74. If that level is breached, some analysts see the next target at $3,