The whale was on sale for $1.39 in the volume surge for $1.39. The cup and handle pattern suggests a potential breakout. $1.30 support is important. The drop below then signals $1.18.
Fartcoin recently fell from a local high to a low of $1.69 to $1.29, prompting owners’ concerns.
Furthermore, recent price actions have sent mixed signals to traders, but now they have taken shape in key technical patterns that can redefine their short-term trajectory.
Bearish sentiments have crept into the market following the high-profile whale exit, but the bullish setup suggests that an explosive breakout could be on the horizon.
At the time of pressing, Fartcoin was trading at around $1.36, recovering slightly after the recent DIP.
The movement of giant whales causes panic
Much of the recent sales pressure is driven by strategic moves from major Fartcoin owners.
According to on-chain data, the whale retracted 1.96 million tokens from Kraken and quickly replaced them with a $2.72 million USDC. The sale ran at $1.39 per token, just below the recent local highs.
Whale withdraws 1.96m$Fartcoin from #Kraken and sells it for 2.72mm$USDC at a price of $1.39.
Address: HL6S4NR9HKG2NZ7RJPAJBHNRPGKSCRPRPPTJYQM1C5ZU PIC.TWITTER.COM/E0EGCTLLJ2
– July 24, 2025
This precise exit strategy suggests that whales were trying to capitalize on the recent surge in Fartcoin while they remained liquid.
Importantly, this whale exit coincided with a 7.6% spike in the volume, reaching $429.5 million within 24 hours.
This sudden liquidity rush provided an ideal environment for large-scale sales without causing extreme slips.
While some traders see this move as a weakened signal, others think it is a relocation rather than just a permanent exit.
Bullish future emotions ignore the fear of the spot market
Despite the whale-led sale, derivative traders remain optimistic.
Data from Santiment shows Fartcoin’s funding rate is positive at 0.005%, indicating the long standing demand.
Similarly, the long/short ratio is a strong 2.41, with around 70% of futures traders betting on price increases.
This difference between futures optimism and spot market insecurity presents a unique dynamic.
While the large holders are leaving the position, retailers and speculative traders seem to be convinced that Fartcoin prices will have more room for climbing.
If the Bulls are right, Memocoin could be preparing for a strong rebound.
Cup and handle formations raise hopes of breakout
The most compelling and bullish signal now is the appearance of classic cup and handle patterns on the Fartcoin chart.
This pattern is often seen before the major upward movement, but still formed, but remains structurally intact, with prices already exceeding the upper levels of the handle.
So far, no strong bearish neutralization has occurred, and at $1.55 I have an eye on a clean breakout above the neckline.
If the Bulls can hold the $1.30 level and press the resistance on top, the handle part of the pattern could be completed quickly.
This move could set the rally’s stage to $1.90 or even $2.10, particularly if it was supported by increased volume and improved emotions.
However, breakdowns below $1.30 could override the pattern and send the token to the previously identified demand zone of $1.18.
