The post Fartcoin’s price flashes mixed signals – Whales, sentiment, and more! appeared on BitcoinEthereumNews.com.

Whale’s recent purchase of the memecoin made waves across the market Short-term sentiment and investor behaviour could be key to Fartcoin’s fortunes A whale made news recently after it purchased 1.97M Fartcoin tokens worth 867,132 $USDC for $0.44 each. Needless to say, this has sparked mixed reactions among retail investors across the market. In fact, the memecoin also gained by more than 2.67% on the charts in the hours following news of this particular whale purchase.  Ansem, a renowned investor in the crypto space, sparked mixed reactions following his purchase of 1.97 million Fartcoin tokens for 867,132 $USDC, each at $0.44. According to Lookonchain on X, in his last purchase of $WIF 9 days ago, he lost $128k after buying the memecoin at 1.2M $USDC and selling it at 1.07M $USDC.  Source: X As a result of his recent losses, traders have had mixed reactions to the news. In fact, some even criticized his moves since the altcoin’s price fell by 53.05% over the past week. While investors see this as a usual potential price manipulation common with meme coins, some traders see the news as a sign of renewed interest and a signal for bullish momentum. What do the technical indicators say? Following Ansem’s purchase, Fartcoin has been trading on an uptrend above the $0.48 key resistance level, following a 2.67% hike in the last 24 hours. If this bullish momentum holds, the memecoin could hit $0.55 and target the $0.58 resistance level.  A breakout above $0.58 will push the altcoin towards $.60 in the short term. However, if the memecoin fails to sustain above $0.50, it could lead to a pullback as traders pocket their profits. Additionally, if the whales decide to sell soon after, Fartcoin might fall below the $0.48 key resistance level.  Source: TradingView Current market sentiment…

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Filed under: News - @ February 8, 2025 7:16 am