Fartcoin Soars 550%, Faces Potential Correction
Key Takeaways
Fartcoin (FARTCOIN) has seen a 550% price increase over the past two months. However, recent developments suggest a potential trend reversal. Technical indicators, declining market sentiment, and falling social activity are raising doubts about the sustainability of this rally. Traders are becoming increasingly cautious.
Technical Warning Signals Are Increasing
A key technical indicator, the TD Sequential, has triggered a so-called “9 sell signal” on the 3-day chart. This pattern often appears near local highs and signals short-term corrections. At the time of analysis, the price stood at USD 1.11, a drop of 6.93% within 24 hours.
Sentiment Turns Negative
Market sentiment around Fartcoin is deteriorating significantly. According to data from Santiment, the “Weighted Sentiment” score dropped to -0.126. This indicator measures the ratio of positive to negative comments on social media. A negative value points to growing skepticism. Many traders appear to be taking profits or exiting the market entirely.
Social Attention Is Declining
Memecoins like Fartcoin thrive on viral attention. But that is currently waning. The number of mentions on social networks dropped to just 13. Fartcoin’s “Social Dominance” — its share of total crypto-related social media activity — fell to 0.186%. These are the lowest levels since the beginning of the upward trend.
Derivative Signals Indicate Bull Exhaustion
The derivatives markets reveal a clear imbalance. Long positions worth USD 619,160 were liquidated, while short positions accounted for only USD 30,600. This suggests that many traders were betting on further price increases and were caught off guard by the correction. Such liquidation waves can further accelerate downward movement.
Funds Are Flowing Out of Exchanges
On May 3rd, exchanges recorded a net outflow of approximately USD 459,000. A total of USD 955,700 was withdrawn, while only USD 496,590 was deposited. These movements suggest that investors are moving their coins into private wallets — either to secure profits or out of concern for further losses.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 2 minutes
-
Retro Slots – The Best Slot Games With Retro Look at a Glance
Reading time: ~ 2 minutes
-
Gold Slots – Best Slot Machines With a Gold Theme
Reading time: ~ 2 minutes
-
Versus Odds B.V. Casinos
Reading time: ~ 2 minutes
-
Food and Drink Slots: The Best Slot Games Inspired by Culinary Delights
Reading time: ~ 2 minutes
Our Assessment
Fartcoin is currently under pressure. The combination of technical overheating, negative market sentiment, declining social presence, and high long liquidations points to an impending correction. Although the medium-term trend remains intact, the risks currently outweigh the opportunities. Investors should closely monitor developments and consider securing their positions. Newcomers should wait until the market stabilizes.
Sources
- Santiment
- CoinGlass
- X/Ali Charts
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency