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Whale’s $Fartcoin flip nets $127K, but quick reinvestment leads to $297K loss $Fartcoin price rebounds 4.34%, but falling volume warns of fading momentum RSI and MACD hint at cooling momentum as $Fartcoin enters potential consolidation A seasoned crypto whale experienced a dramatic financial turnaround – albeit briefly – trading $Fartcoin.  Lookonchain data shows this investor, once facing a $701,000 loss on the coin, secured a $127,000 profit by selling 2.69 million tokens for $2.47 million at $0.92 each. However, the euphoria didn’t last long.  The trader reinvested almost $1.98 million, purchasing 2.22 million $Fartcoin at $0.89 using 14,725 $SOL. Unfortunately, the token’s retracement has now pushed the whale back into the red, currently down $297K. $Fartcoin’s Day of Roller-Coaster Price Action $Fartcoin has been anything but predictable over the last 24 hours. The asset opened the day at around $0.8495, before experiencing an early dip that took it just below $0.83. This zone now acts as a strong support level.  Related: From FARTCOIN to AI Tokens: Mapping the Hottest Altcoin Trends Now Shortly after the dip, the price made a swift and notable recovery, climbing past the $0.90 mark before encountering resistance at $0.925. That level has now become the key short-term ceiling for upward movement. The price currently sits at $0.8871 (per CoinMarketCap), up 4.34% daily. However, this rise was not backed by volume strength. In fact, trading volume dropped by nearly 7%, signaling caution. Such divergence between price and volume may hint at a possible exhaustion in buying pressure. Technical Indicators Signal Mixed Sentiment The RSI (Relative Strength Index) currently reads 60.85, showing moderate bullishness but trending down from a recent peak of 63.30. This downward move implies waning momentum and a possible cooldown phase.  Related: Fartcoin (FARTCOIN) Price Prediction 2025-2030: Will FARTCOIN Price Hit $5 Soon? On…

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Filed under: News - @ April 21, 2025 9:29 am