Date: Sat, March 22, 2025 | 04:56 AM GMT
The crypto market is showing mixed signs of a rebound as Ethereum (ETH) has bounced back with 3% weekly gains and is now trading at $1,989 — a promising shift after a choppy start to March. As sentiment gradually improves, memecoins like Fartcoin (FARTCOIN) are beginning to show signs of reversal as well.
FARTCOIN has taken a heavy hit over the past few months, but impressive weekly gains of 43% — including today’s 19% surge — are catching attention. This comes amid noticeable whale accumulation and a shift in technical structure, sparking hopes of a potential recovery.
Whale Accumulation
As FARTCOIN’s price shows resilience after hitting bottom support levels, it appears whales are moving in to buy the dip. According to the latest report from Stalkchain, a major inflow has been spotted into the token. A Fartcoin whale, inactive for two months, made a massive purchase of $671.58K worth of tokens on Mar 21. Remarkably, this single transaction accounted for 53.73% of the total Fartcoin inflow for the day, meaning the whale alone was responsible for over half of today’s accumulation.
With this move, the whale’s holdings have grown to 3.2 million FART tokens — now worth approximately $1.3 million.
Will This Pattern Lead to a Recovery?
FARTCOIN’s price has been in a steep downtrend since mid-January, when it faced a strong rejection from its all-time high of $2.73. The correction dragged the token down by over 90%, hitting a bottom support level around $0.20 on March 11. However, since touching this low, the price has rebounded sharply, climbing to $0.42 — a 110% gain from the bottom.
This bounce has brought FARTCOIN back into the spotlight, especially as it now tests the 50-day moving average and the upper boundary of a key support zone.
What’s even more notable is the emerging Rounding Bottom Pattern, a classic technical formation that often signals a major trend reversal. If the price manages to break convincingly above the 50-day moving average and hold above the resistance zone, it could validate the pattern and trigger a stronger upside momentum. The MACD indicator has also flipped bullish, with a recent crossover pointing to growing positive momentum in the market.
This combination of whale accumulation, structural bottoming, and improving market sentiment has many traders speculating that FARTCOIN could be gearing up for a broader recovery. If the pattern plays out, potential move towards the $2.50–$2.75 range could be on the cards in the coming months.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing in cryptocurrencies.