Smart Money Investors Buy The Dip, Is It Time For The Next Rally To $10?
The post Smart Money Investors Buy The Dip, Is It Time For The Next Rally To $10? appeared on BitcoinEthereumNews.com.
Even during the broader market decline, Fartcoin continues to be one of the strongest meme coins on the market. The Fartcoin price is down by just 4% over the past week, trading at $1.08 at press time, while most blue-chip meme coins have posted double-digit losses. Its resilience isn’t surprising. On-chain analysis platform Stalkchain reveals that Fartcoin was the most bought token by smart money wallets on Monday by a wide margin. Despite its strength, Fartcoin price predictions from prominent analysts indicate that interested buyers should be wary of buying the meme coin at its current market price, owing to the high likelihood of a breakdown below its macro ascending channel. Instead, sidelined investors should wait for a better entry at stronger support levels. Fartcoin Price Prediction — Here’s When To Buy Next? Fartcoin continues to be one of the most in-demand crypto assets on the market, as indicated by the aforementioned Stalkchain analysis. Its steep “Buy Wall”, as indicated by Binance’s depth chart, further confirms this. However, smart money investors are wary of buying Fartcoin at its current price and are anticipating further downside volatility. As per the data from Coinglass, The Top Trader Long/Short ratio for Binance FARTCOIN/USDT is 0.7452, indicating that top traders are currently holding significantly more short positions than long positions. The bearish sentiment among top traders is easily explainable. The Fartcoin price now appears to be breaking down below the lower trendline of its multi-month ascending channel. Noticeably, the volume on green candles has also decreased substantially, indicating buyer exhaustion. Unsurprisingly, Fartcoin price predictions from prominent analysts indicate a growing consensus that the Solana meme coin will soon dip below the $1 mark. For instance, Trader Koala is bidding at $FARTCOIN’s yearly open, a strong S/R level near the $0.93 price point. $FARTCOIN Bidding…
Filed under: News - @ May 6, 2025 10:29 pm