Decoding Fartcoin’s short squeeze zone: Traders, watch out for…
The post Decoding Fartcoin’s short squeeze zone: Traders, watch out for… appeared on BitcoinEthereumNews.com. Whale accumulation and Open Interest surge suggested rising confidence in FARTCOIN’s short-term upside. Oversold RSI and dense short liquidations below $0.90 could amplify breakout potential. A strategic whale entry has reinvigorated sentiment around Fartcoin [FARTCOIN], as 2.4 million tokens were acquired for $2.25 million USDT at $0.93 each. This wallet has now accumulated over $4.7 million in FARTCOIN trades, signaling long-term interest. At press time, FARTCOIN traded at $0.9134, up 6.95% in the past 24 hours. This move comes amid shifting market conditions, where large traders appear to be positioning early. Whether this accumulation fuels a broader rally or reflects short-term speculation will depend on how the price reacts to nearby resistance and whale-driven momentum. Are traders following the whale? Open Interest (OI) has surged by 5.58%, reaching $550.70 million—a sign that speculators are ramping up their exposure. This uptick reflects growing conviction that the whale’s move may have credibility, drawing in both short-term traders and long-biased participants. Typically, rising OI paired with spot price strength hints at fresh leveraged longs entering the market. The alignment between whale accumulation and rising OI may set the stage for short-term volatility and possible breakout momentum in the sessions ahead. Source: CoinGlass Is subtle Fartcoin accumulation forming beneath the surface? On-chain spot data shows a net inflow of $447.12K into exchanges on the 23rd of June, marking a shift from the consistent outflows seen earlier this month. While the number isn’t large compared to historical flows, the change in direction is notable. It indicates that more investors are willing to acquire and hold FARTCOIN at current prices. This was mild, yet positive shift in spot market behavior that aligns with the recent whale purchase and could hint at the beginning of a broader accumulation phase if inflows continue in the coming days. Source:…
The post Decoding Fartcoin’s short squeeze zone: Traders, watch out for… appeared on BitcoinEthereumNews.com.
Whale accumulation and Open Interest surge suggested rising confidence in FARTCOIN’s short-term upside. Oversold RSI and dense short liquidations below $0.90 could amplify breakout potential. A strategic whale entry has reinvigorated sentiment around Fartcoin [FARTCOIN], as 2.4 million tokens were acquired for $2.25 million USDT at $0.93 each. This wallet has now accumulated over $4.7 million in FARTCOIN trades, signaling long-term interest. At press time, FARTCOIN traded at $0.9134, up 6.95% in the past 24 hours. This move comes amid shifting market conditions, where large traders appear to be positioning early. Whether this accumulation fuels a broader rally or reflects short-term speculation will depend on how the price reacts to nearby resistance and whale-driven momentum. Are traders following the whale? Open Interest (OI) has surged by 5.58%, reaching $550.70 million—a sign that speculators are ramping up their exposure. This uptick reflects growing conviction that the whale’s move may have credibility, drawing in both short-term traders and long-biased participants. Typically, rising OI paired with spot price strength hints at fresh leveraged longs entering the market. The alignment between whale accumulation and rising OI may set the stage for short-term volatility and possible breakout momentum in the sessions ahead. Source: CoinGlass Is subtle Fartcoin accumulation forming beneath the surface? On-chain spot data shows a net inflow of $447.12K into exchanges on the 23rd of June, marking a shift from the consistent outflows seen earlier this month. While the number isn’t large compared to historical flows, the change in direction is notable. It indicates that more investors are willing to acquire and hold FARTCOIN at current prices. This was mild, yet positive shift in spot market behavior that aligns with the recent whale purchase and could hint at the beginning of a broader accumulation phase if inflows continue in the coming days. Source:…
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