ambcrypto.com
10 September 2026 23:03, UTC
$FARTCOIN price decline accelerated after more than 6.5 million tokens reportedly hit centralized exchange hot wallets within 24 hours.
Notably, the transfers followed a price rejection around the $0.181 level, where sellers disrupted the memecoin’s previous recovery attempt.
Reportedly, around 957,090 $FARTCOIN valued at nearly $164,800 were transferred from Coinbase Prime Custody into Coinbase Hot Wallet.
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Additionally, another 3.48 million tokens, worth over $600,000, also reportedly entered Gate.io through three coordinated transfers.
Specifically, the transactions included 1.733 million $FARTCOIN from CGbHc and another 932,700 tokens from a different depositor.
Wintermute also moved around 824,000 $FARTCOIN toward Gate.io, amplifying the potential exchange-side supply pressure.
Meanwhile, trading volume climbed 22.13% to $23.87 million as $FARTCOIN fell 20% toward $0.144 in 24 hours. The decline therefore placed $FARTCOIN among the top losers in the memecoins sector, highlighting stronger selling pressure across its market.
The exchange spot flows added another bearish indicator while the large token transfers already challenged $FARTCOIN’s ability to stabilize.
At the time of writing, the memecoin had recorded around $1.15 million in inflows versus $859,330 in outflows.
Clearly, the inflows exceeded the outflows, producing positive netflow and hence increasing the tokens available across the tracked exchanges.
Notably, several earlier periods reflected considerably larger flows, yet the recent imbalance came at a time of heightened selling pressure.
This timing reinforced the significance of the exchange supply as $FARTCOIN pushed towards its key technical support area.
Continued positive netflows could preserve the supply pressure as fresh exchange deposits continue exceeding withdrawals.
Stronger outflows, on the other hand, could reduce the available supply and improve conditions necessary for buyers to defend support.
The token’s decline pushed price towards the $0.14497 zone, placing it directly inside the order block above the $0.140 support level.
On the daily timeframe chart, the zone had previously supported a consolidation before August’s price expansion. Hence the defense of the zone is very important for the broader technical structure.
However, $FARTCOIN price remained within a descending channel structure after a pullback from the $0.22319 resistance region.
Additionally, selling strength also persisted as the MACD indicator stayed bearish, with its histogram in the negative territory at -0.00527.
The RSI also declined towards 41.08 and remained below its 51.41 moving average, reflecting a weaker buying pressure.
Notably, the RSI had not hit the oversold conditions, leaving sellers with a room to extend the correction deeper.
However, holding the order block could support a reversal toward the upper boundary of the descending channel. Consequently, a structure breakout could then likely reopen the path to $0.180 resistance zone.
Failure, however, below the $0.140 support would instead weaken the order block and expose $0.11773 lower support.
Despite the continued selling, the Binance Liquidation Heatmap positioning presented several potential targets above $FARTCOIN’s current market price.
The 24-hour heatmap chart showed a notable liquidation liquidity cluster between the price range $0.156 and $0.161.
Additionally, further clusters appeared around the $0.165 area extending towards $0.170, hence additional upside liquidity pools.
These upper concentration clusters could pull the price if the order block holds and buyers regain market control.
A price recovery through the $0.161 level could increase pressure on short positions clustered across the higher liquidity zones.
