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Cryptocurrency News Articles
Fartcoin (FART) Price Has Been Outperforming the Market
Apr 15, 2025 at 10:59 pm
Fartcoin price has been performing better than the general cryptocurrency market, recording gains in various time frames.
Fartcoin's price action has been better than the general cryptocurrency market, with the token in the green across various time frames. According to data from (CRYPTO:BTC) over the last 24 hours to Monday (April 15) morning, Fartcoin (CRYPTO:FART) is 4.9% up.
This follows a week in which the meme coin soared 56.5%. In the last 30 days, Fartcoin has risen by a whopping 181.1%.
However, recent on-chain data shows mixed signals about the future of the Solana meme coin.
Recent Capital Flows Are Raising Questions About Fartcoin Price
Fartcoin's on-chain data almost shows contradictory signals about capital flow in recent days. The biggest, in particular, was on April 15 with a high net outflow of $5.74 million. This is one of the largest single-day capital movements for the token this month. This outflow followed several days of smaller negative flows is a common trend of profit-taking by larger holders.
Smart money is leaving $FARTCOIN?
Shorting here. https://t.co/TADJqT8p88pic.twitter.com/4RIXyEnvEE
— Antoine Rousseaux (@AntoineRSX) April 15, 2025
Prior to this period of outflows, Fartcoin had seen positive capital inflow during early April. The meme coin influx really picked up around April 4. This kind of alternating flow of capital creates a murky picture for Fartcoin's price.
Understanding capital flows is especially important for meme coins like Fartcoin because they do not normally have any fundamental utility and revenue streams associated with their price, like other coins.
Fartcoin Analysis Shows Cup And Handle Pattern Completion
Fartcoin's price action is being watched by technical analysts and one analyst has recognized bullish patterns which are potentially good news for those invested in the meme coin. Analyst Sjuul pointed out that Fartcoin's price action has completed a cup and handle pattern.
And that's it, #FARTCOIN just reached our technical target for the Cup and Handle pattern. 🎯
Simple yet extremely effective!
We saw this coming way before anyone else, and we banked a nice 85% move. 💰
Very well done $FARTCOINpic.twitter.com/OojO79Jijh
— Sjuul | AltCryptoGems (@AltCryptoGems) April 15, 2025
He stated, "FARTCOIN just reached our technical target for the Cup and Handle pattern. Simple yet extremely effective!" The analyst claimed to have anticipated this move "way before anyone else," resulting in "a nice 85% move."
The cup and handle pattern, visible on Fartcoin's price chart, shows a rounded bottom formation (the cup) followed by a slight downward drift (the handle) before the recent breakout. This pattern is bullish when confirmed by price action.
Analyst Sherif cited further technical considerations that lend a bullish outlook: "The chart shows solid volume with tight consolidation between $0.90-$0.95. Strong intraday bounce off $0.85 suggests this range is being accumulated." Sherif further noted that if "bulls clear $0.955 with volume, next leg could tag $1+."
Not all analysts share this optimistic view, however. Antoine Rousseaux suggested caution with his tweet: "Smart money is leaving $FARTCOIN? Shorting here."
Meanwhile, CoinGape has analyzed how high the Fartcoin price will go if the Solana (CRYPTO:SOL) price hits $200.
Key Price Levels To Watch
Several critical price zones could decide Fartcoin's next major move. Analyst CRG notes that the token has been "grinding against yearly open" with "6 attempts at it now." This suggests persistent buyer interest despite the inability to break through decisively. CRG added that when it "eventually breaks… I expect it to be explosive."
The near-term resistance appears to be in the $0.95-$0.96 area, where Fartcoin has failed to hold above following multiple retests. A close above at these levels and then we can see a bounce above with a trajectory towards the psychologically important $1 mark.
#FARTCOIN grinding higher!
💨 The chart shows solid volume with tight consolidation between $0.90-$0.95
Strong intraday bounce off $0.85 suggests this range is being accumulated
👉🏻 If bulls clear $0.955 with volume, next leg could tag $1+. This one is bullish.
Are u watching? https://t.co/TfzJApEVY5pic.twitter.com/gqWxHqrT
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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