Fartcoin Price Faces Pressure as Smart Investors Exit
Fartcoin (FARTCOIN) has retreated from its peak this month. It’s now at $1.20, down 14.35% from its recent high. This dip could signal more losses ahead.
According to Nansen data, the number of savvy investors holding Fartcoin has fallen. On Sunday, only 37 smart money holders were left, down from 44 earlier. These investors own 727 million tokens, a drop from last month’s 740 million. Smart money investors, known for their expertise, are selling. Thay might be cashing in on recent gains or predicting a downturn.
Smart money includes big players like funds and skilled traders.
Exchange balances are also on the rise. There are now 174.29 million Fartcoin tokens on platforms like Raydium, Kraken, and KuCoin. This is a 9.48% jump from last week. More tokens on exchanges often mean more selling.
Technically, Fartcoin has a mixed outlook. It’s above key support levels but has formed a bearish pattern.If it stays below $1.4677, it could fall. But a break above this level could push it to $2. There’s also a risk it could drop below $1.
For more insights, check the Fartcoin price chart.
