Solana Bloczinciri -based Fartcoin digital money, 26 percent in the last 24 hours, has performed remarkable performance. The price reached $ 1.06, Fartcoin carried the transaction volume over 650 million dollars. Speaking of the chain shows that there is an increase in the print of buyers and that this rise can continue in the short term.
The approach of whales and big investments
The data provided by the analysis company Nansen shows that large investors (whales) who invest in high amounts in Fartcoin play an important role in the latest developments. The amount of fartco in the hands of whales increased by 2 percent in the last day. Currently, this investor has a total of 207.42 million Fartcoin.
This development strengthened the expectations of the market. In case of purchases, prices may increase in the short term. According to over -chain data, whales seem to have pioneered predominantly price increases.
“Whale wallets are observed to increase the supply of fartco. This can support the price.” – Nansen
Movement of Investors’ Movements
Nansen also reports that investors who have previously been in the category of “Smart Money” category, which has previously exhibited profitable and experienced behavior, also increase the accumulation of Fartco. This group increased the amount of Fartco in their hands by 3 percent and reached a total of 19 million tokens. This increase indicates that the interest of experienced investors in the market has increased.
“The interest of experienced investors may increase the participation of retail investors on the market.” – Nansen
The interest of experienced investors is generally perceived as a positive signal for individual participants. Following the latest developments, it is foreseen that the short -term rise may accelerate if individual investors turn to Fartcoin.
Technical view and price scenarios
Fartcoin’s daily price graph, the MACD indicator shows an increase in the upward trend. Token’s MACD line is currently on the signal line. The growth of green histogram bars on the last two process days is considered another data that the rise momentum has increased.
The MACD indicator is used to measure trend and momentum in price movements. As the MACD line remains above the signal line, it is considered that the receiving pressure is strengthened and the sales -oriented movement is weakened. As long as this view is preserved for Fartcoın, the price can rise up to $ 1.74.
“The MACD indicator points to the increase in procurement requests. Therefore, the price may rise to a new level.” – TradingView Analysis
However, in case of a decrease in demand, it is stated that the price of Fartco’s price may fall up to 0.74 dollars by losing their latest gains. Market commentators emphasize the necessity of investors to be careful with possible risks. Finally, Fartcoın’s recent performance is thought to be closely related to major investor movements.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
