FARTCOIN’s price decline accelerated after more than 6.5 million tokens reportedly moved into centralized exchange hot wallets within a 24-hour period. The transfers followed a price rejection near the $0.181 level, where sellers disrupted the memecoin’s previous recovery attempt.
Large Token Transfers to Major Exchanges
According to on-chain data, approximately 957,090 FARTCOIN valued at nearly $164,800 were transferred from Coinbase Prime Custody into a Coinbase hot wallet. Additionally, another 3.48 million tokens worth over $600,000 entered Gate.io through three coordinated transfers. These transactions included 1.733 million FARTCOIN from address CGbHc and another 932,700 tokens from a separate depositor. Wintermute also moved around 824,000 FARTCOIN toward Gate.io, amplifying potential exchange-side supply pressure.
Meanwhile, trading volume climbed 22.13% to $23.87 million as FARTCOIN fell 20% toward $0.144 in 24 hours. The decline placed FARTCOIN among the top losers in the memecoin sector, highlighting stronger selling pressure across its market.
Exchange Spot Flows Signal Bearish Bias
The exchange spot flows added another bearish indicator while the large token transfers already challenged FARTCOIN’s ability to stabilize. At the time of writing, the memecoin had recorded around $1.15 million in inflows versus $859,330 in outflows. Clearly, the inflows exceeded the outflows, producing positive netflow and increasing the tokens available across tracked exchanges.
Notably, several earlier periods reflected considerably larger flows, yet the recent imbalance came at a time of heightened selling pressure. This timing reinforced the significance of the exchange supply as FARTCOIN pushed toward its key technical support area. Continued positive netflows could preserve supply pressure as fresh exchange deposits continue exceeding withdrawals. Stronger outflows, on the other hand, could reduce available supply and improve conditions necessary for buyers to defend support.
Source: CoinGlass
Price Tests Crucial Order Block Near $0.140
The token’s decline pushed price toward the $0.14497 zone, placing it directly inside the order block above the $0.140 support level. On the daily timeframe chart, this zone had previously supported a consolidation before August’s price expansion, making its defense very important for the broader technical structure.
However, FARTCOIN price remained within a descending channel structure after a pullback from the $0.22319 resistance region. Selling strength persisted as the MACD indicator stayed bearish, with its histogram in negative territory at -0.00527. The RSI also declined toward 41.08 and remained below its 51.41 moving average, reflecting weaker buying pressure. Notably, the RSI had not hit oversold conditions, leaving sellers room to extend the correction deeper.
Holding the order block could support a reversal toward the upper boundary of the descending channel. Consequently, a structure breakout could then likely reopen the path to the $0.180 resistance zone. Failure below the $0.140 support would instead weaken the order block and expose the $0.11773 lower support.
Source: TradingView
Liquidation Heatmap Reveals Overhead Liquidity Targets
Despite continued selling, the Binance Liquidation Heatmap positioning presented several potential recovery targets above FARTCOIN’s current market price. The 24-hour heatmap chart showed a notable liquidation liquidity cluster between the price range of $0.156 and $0.161. Additional clusters appeared around the $0.165 area extending toward $0.170, indicating further upside liquidity pools.
These upper concentration clusters could pull the price higher if the order block holds and buyers regain market control. A price recovery through the $0.161 level could increase pressure on short positions clustered across the higher liquidity zones.
Source: CoinGlass
Key Takeaways
- Over 6.5 million FARTCOIN tokens reaching exchanges strengthened immediate selling pressure.
- Holding the $0.140 level could support recovery toward liquidation liquidity clustered above the current price.
