Most memecoins traded in oversold territory, but smart money showed selective interest in stronger setups.
Against that backdrop, Fartcoin stood out after StalkChain data showed it as the most bought token by smart money over 24 hours. Broader memecoin sentiment stayed cautious, yet capital rotated into names showing relative strength.
Source: StalkChain
However, that accumulation unfolded while Fartcoin [FARTCOIN] traded inside a bearish flag, keeping technical pressure elevated despite inflows.
At press time, FARTCOIN traded near $0.36, holding just above a rising ascending support defining its recent structure. Volatility compressed inside the bearish flag, setting up a near-term inflection point.
Smart money meets hesitation
According to analyst Sjuul, FARTCOIN’s move above the 4-hour EMA 200 marked an important technical shift. The EMA 200 often acted as a long-term trend filter, and holding above it limited downside continuation.
Source: X
That said, upside momentum failed to expand.
On the 4-hour chart, FARTCOIN continued compressing inside a well-defined bearish flag. Sellers pressed gradually lower, while buyers stayed active near support. Smart money inflows offered support, but breakout confirmation remained absent.
Can bulls defend $0.35?
Momentum indicators continued flashing caution.
RSI printed a bearish divergence as the price attempted higher levels, signaling weakening buying pressure. As RSI drifted toward neutral territory, downside risk increased if the structure failed.
The $0.35 ascending trendline remained the key support that bulls needed to defend. A breakdown there risked invalidating the current structure.
On the upside, price faced resistance near $0.42–$0.43, where prior selling capped advances. A confirmed reclaim could open a move toward $0.65, followed by supply near $0.70.
Until then, the price stayed compressed between rising support and overhead resistance, keeping FARTCOIN in a high-risk decision zone.
Source: TradingView
Final Thoughts
- Smart money accumulation gave FARTCOIN short-term support, but price action did not confirm a trend shift yet.
- Holding the $0.35 ascending support remained critical for maintaining structure.
Source: https://ambcrypto.com/fartcoin-draws-smart-money-interest-yet-price-stays-trapped-why/
