FARTCOIN’s 17% weekly breakout was abruptly halted by a wave of profit-taking that triggered a cascade of liquidations. Seven wallets saw large liquidations within five minutes, totaling 65.05 million tokens worth $12.93 million. The token had risen to $0.20 before sellers wiped out buying momentum, but the price remained above the $0.12082 support that anchored its August recovery, suggesting the overall pattern was not yet broken. Exchange inflows strengthened the profit-taking case, with netflows settling around $470,150 at press time.
FARTCOIN’s 17% weekly recovery collapsed as profit-taking disrupted its rise and intensified concentrated liquidations across the market. The turnaround followed a strong weekly gain, suggesting traders locking in profits contributed to the sharp drop.
Before sellers erased buying momentum, FARTCOIN had reached $0.20. Seven wallets suffered large liquidations within only five minutes, totaling 65.05 million tokens worth $12.93 million.
Such concentrated liquidations likely accelerated the decline. The token’s price remained considerably above the $0.12082 support that anchored its August recovery, so the overall pattern was not yet broken.
Spot flows added a bearish element as FARTCOIN entered its post-rally correction. Netflows settled around $470,150 at press time, following several sessions of smaller Netflows.
Positive Netflows indicate increased exchange-side supply as tokens flow to trading venues. This coincided with traders taking gains after the weekly 17% price increase.
Earlier periods had seen larger negative Netflows, reducing exchange supply. The recent positive reading presented a short-term supply increase, though the figure was still far behind previous peaks on the chart.
Binance top traders maintained long positions despite the decline, with long accounts at 66.7% and short accounts at 33.3%. This produced a Long/Short ratio of 2.00, indicating a distinct bullish stance that contrasted with recent selling.
FARTCOIN rejected $0.20 after briefly testing that major resistance zone. The price reversed toward $0.17268 as traders reduced positions. The weekly recovery structure could be maintained with a hold above $0.15348, but losing that level would expose the $0.12082 support.
