FartCoin begins to stink as smart money out of memecoin

The price of the trunk this month drifted back from the highest points and in danger is that further smart investors who invest smart cash investments and growth growth.

On the last check of Sunday, FartCoin (Ftrcoin) LEG to $ 1.20, from 14.35% of the highest points this month.

Data Nansen shows that the number of patted money holding token FartCoin fell to 37 on Sunday, from 15. this month. These investors together have 727 million tokens, significantly lower than $ 740 million.

Smart money investors are closely monitored because they are often seen as more experienced and more sophisticated. These investors can be institutions, means or individuals who showed profitable behavior on the chain.

Smart money investors are likely to sell FartKea tokens to accept profit after coin rose by almost 500% of the lowest point in April. They can also go out because they expect token to reverse in the coming weeks.

The second red flag for the fartke token is that the number of tokens on exchanges continued to grow in the last few days. There were 174.29 million tokens at a centralized and decentralized exchange like Raidium, Kraken and Kukoin, an increase of 9.48% from last week.

Brochure exchange exchange is usually a bear sign because they signal that investors move tokens from their cold exchange wallets to sell them.

Technical analysis of FartCoin price

The daily shows that the price of the farts are exposed from low $ 0.20 in March to $ 1,4677 at the beginning of this month. This rally helped to cause a recent rise in Solana (Salt) Memecoins, who helped to turn their market cap $ 6 billion to $ 15 billion today.

On the positive side, the price of Fartka Carcoin remains above 61.8% of the fibonaca retebation levels and 50-day average movements. However, it also formed a sample of a native wedge, a popular bear meal for the abolition of technical analysis.

Therefore, Outlook bear if it is below the resistance point to $ 1,4677. The transition above that level will point to more profits up to $ 2. However, there is a risk that the price of FatCoin will fall below $ 1.