Fartcoin and SPX6900 Defy Market Crash with Impressive Surge: Is Now the Time to Buy? – BlockNews
Fartcoin defied the market crash, jumping 35% and outperforming major cryptos like Bitcoin and Solana. On-chain data shows investors are holding Fartcoin tightly, with exchange balances and selling activity both down. Technical charts suggest a potential surge to $1.22, but a drop below $0.355 could flip the trend bearish. While Wall Street took another dive
- Fartcoin defied the market crash, jumping 35% and outperforming major cryptos like Bitcoin and Solana.
- On-chain data shows investors are holding Fartcoin tightly, with exchange balances and selling activity both down.
- Technical charts suggest a potential surge to $1.22, but a drop below $0.355 could flip the trend bearish.
While Wall Street took another dive Monday, one oddly-named token managed to swim upstream. Fartcoin—yeah, that one—actually held steady amid the chaos. The Solana-based memecoin was trading at around $0.4755, up 35% from its monthly low. Not bad considering the carnage elsewhere.
Surging While Others Sink
Compared to Bitcoin, Solana, and Cardano—all of which were deep in the red—Fartcoin’s 135% year-to-date jump stands out like a sore thumb. Investors seem to be shrugging off the larger market jitters and are still snapping up the token.
Fresh data backs this up. Nansen reports that the number of Fartcoin tokens sitting on exchanges dropped 3.62% in the past week, which usually means folks are moving their coins into cold storage. Translation? They’re holding tight.
HODLers Still HODLing
According to CoinCarp, Fartcoin still has over 113,000 holders. That number hasn’t really budged, despite all the noise in the markets. On top of that, the top wallets—the ones that have raked in the most profit lately—aren’t dumping. They’re just… chilling.
Charts from Nansen show that most of the biggest Fartcoin holders in the past week haven’t touched their stash, which signals a lotta confidence in more upside ahead.
Chart Looks… Weirdly Strong?
Technically speaking, the four-hour chart shows a cup-and-handle pattern forming—a classic bullish signal for traders. If this setup plays out, Fartcoin could hit $1.22, which would be a wild 160% jump from here.
But hey, nothing’s guaranteed. If it breaks below $0.355, that would probably kill the bullish vibe and open the door to more downside—maybe down to 20 cents.
Delegate Your Voting Power to FEED DRep in Cardano Governance.
DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!
