The cryptocurrency market continues to show mixed signs of recovery, particularly evident in Fartcoin, which is showing significant growth.
Whale Accumulation Analysis
In recent days, Fartcoin is experiencing significant support at bottom support levels, and there is notable activity from major stakeholders, known as 'whales'. According to the latest report from Stalkchain, a significant inflow has been spotted into the token: a whale, inactive for two months, made a major purchase of $671.58K worth of tokens on March 21. This transaction accounted for 53.73% of the total daily Fartcoin inflow, illustrating substantial confidence in the token's recovery trajectory.
Will This Recovery Be Sustainable?
Since mid-January, Fartcoin's price has been in a pronounced downtrend after being rejected at its all-time high of $2.73. This correction led to over a 90% decline, hitting a bottom support level around $0.20 on March 11. However, since this low, prices have rebounded sharply to $0.42, demonstrating a 110% gain from the bottom.
Technical Indicators and Fartcoin Trading Volumes
Fartcoin has returned to the spotlight, especially as it now tests the 50-day moving average and the upper boundary of a key support zone. The emergence of the classic technical formation — a Rounding Bottom — signals a potential major trend reversal. If the price convincingly breaks above the 50-day moving average and holds above the resistance zone, it could trigger stronger upside momentum. The MACD indicator has also turned bullish, hinting at increasing positive market momentum.
The combination of whale accumulation, the formation of a rounding bottom, and improving market sentiment allows traders to hope for a broader recovery of Fartcoin. If the current momentum holds, the prospect of reaching the $2.50–$2.75 range could become a reality in the coming months.
