$FARTCOIN’s decline accelerated after more than 6.5 million tokens reportedly moved into centralized exchange hot wallets within 24 hours. The transfers followed a rejection near $0.181, where sellers disrupted the memecoin’s previous recovery attempt.

Around 957,090 $FARTCOIN, valued at nearly $164,800, were reportedly transferred from Coinbase Prime Custody to Coinbase Hot Wallet. Another 3.48 million tokens, worth more than $600,000, reportedly entered Gate.io through three coordinated transfers. The transactions included 1.733 million $FARTCOIN from CGbHc and a further 932,700 tokens from another depositor.

Wintermute also moved approximately 824,000 $FARTCOIN toward Gate.io, adding to potential exchange-side supply pressure.

Trading volume rose 22.13% to $23.87 million as $FARTCOIN fell 20% toward $0.144 over 24 hours. The decline placed the token among the top losers in the memecoins sector and highlighted increased selling pressure across its market.

Exchange inflows add to supply pressure

Spot exchange flows provided another bearish indicator as the large transfers challenged $FARTCOIN’s ability to stabilize. At the time of writing, the memecoin had recorded approximately $1.15 million in inflows against $859,330 in outflows.

Because inflows exceeded outflows, the token recorded positive netflow, increasing the amount of $FARTCOIN available across the tracked exchanges. Deposits to exchanges can increase the tokens available for trading, but the transfers alone do not establish that the holders sold or intended to sell. Several earlier periods showed considerably larger flows, but the latest imbalance occurred while selling pressure was elevated.

That timing increased the significance of exchange supply as $FARTCOIN moved toward a key technical support area. Continued positive netflows could maintain supply pressure if new deposits continue to exceed withdrawals. Conversely, stronger outflows could reduce available supply and improve the conditions for buyers attempting to defend support.

Price approaches key order block

The decline pushed $FARTCOIN toward the $0.14497 zone, placing the price inside an order block above the $0.140 support level. On the daily chart, this zone had previously supported consolidation before August’s price expansion, making its defense important to the broader technical structure.

However, $FARTCOIN remained within a descending channel after pulling back from the $0.22319 resistance region. Selling strength also persisted, with the MACD remaining bearish and its histogram in negative territory at -0.00527.

The RSI declined toward 41.08 and remained below its 51.41 moving average, indicating weaker buying pressure. The RSI had not reached oversold conditions, leaving room for sellers to extend the correction.

If the order block holds, the price could reverse toward the descending channel’s upper boundary. A breakout from that structure could reopen the path to the $0.180 resistance zone. A failure below the $0.140 support, however, would weaken the order block and expose the lower support at $0.11773.

Liquidation liquidity sits above the current price

Despite the continued selling, positioning on the Binance Liquidation Heatmap showed several potential levels above $FARTCOIN’s current market price. The 24-hour heatmap displayed a notable liquidation-liquidity cluster between $0.156 and $0.161.

Additional clusters appeared around $0.165 and extended toward $0.170, creating further upside liquidity pools. These concentrations could attract price movement if the order block holds and buyers regain market control. A recovery through $0.161 could also increase pressure on short positions clustered around the higher-liquidity zones.

More than 6.5 million $FARTCOIN reaching exchanges has strengthened immediate selling pressure. The $0.140 level remains the key support area, while the liquidation liquidity above the current price represents potential recovery targets if that support holds.

Source: CryptoNewsNet