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- 🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes! - 🔵 #GENIUS Stablecoin Bill#
On May 20, Eleanor Terrett reported that the GENIUS Stablecoin Bill passed a procedural vote (66-32), officially entering the review phase, though it hasn't yet become law. This marks significant progress toward the first U.S. federal stablecoin regulation framework. Is this a positive compliance step or a sign of increasing regulatory pressure? Share your thoughts!
🔵 #SOL Breaks $170#
SOL has passed the $170 mark, currently trading at $170.01, up 0.9% in the past 24 hours. However, according to regulatory filings submitted Monday, the SEC has extended the review d - 🔥 Gate Post Ambassador Exclusive Posting Reward Task Is On!
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Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
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Fartcoin Losing Steam: Smart Money Pulls Out, Bearish Signals Emerge
Once the joke of the crypto world turned market rocket, Fartcoin is now facing a tough reality. After a spectacular rise, the token is under pressure — its price is falling, smart money is exiting, and exchange balances are rising, all signs pointing to a potential bearish reversal.
📉 From Peak to Pullback Fartcoin is currently trading at $1.20, down more than 14% from its monthly high. While the token made headlines in April with a nearly 500% surge, recent days reflect market fatigue and uncertainty.
Smart Wallets Are Jumping Ship According to data from Nansen, the number of so-called smart money holders — experienced and successful investors — has dropped from 44 to 37 wallets. Their total holdings fell from 740 million to 727 million tokens. This suggests that savvy investors are cashing out, possibly sensing that the hype cycle is coming to an end. These types of traders are often early movers and don’t wait around once the momentum fades.
Tokens Flowing to Exchanges — and That’s a Red Flag Another warning sign is the rising number of Fartcoins sitting on exchanges. Typically, this means holders are moving tokens out of cold storage and onto trading platforms — to sell. This pattern is widely considered bearish, as it signals a potential increase in sell pressure, which can drive prices down further.
What Does the Chart Say? The daily chart shows Fartcoin spiking from $0.20 in March to $1.4677 earlier this month. This surge helped boost interest in Solana-based memecoins, pushing their combined market cap from $6 billion to $15 billion. Technically, the price is still above the key 61.8% Fibonacci retracement level and the 50-day moving average. But there’s a catch — a rising wedge pattern has formed on the chart, often seen as a precursor to a bearish reversal.
What’s Next? Unless Fartcoin can break back above the $1.4677 resistance, the outlook remains bearish. A breakout could open the door to $2, but a failure could lead to a drop below $1 — a critical psychological level.
Summary: Is the Joke Over? While Fartcoin soared in April and grabbed attention with its meme power, today it seems that investor confidence is fading. Smart wallets are leaving, token inflows to exchanges are rising, and the charts are flashing warning signs. Whether it can stay above $1 remains to be seen — but right now, it looks like the fun may be running out of gas.
#Fartcoin , #CryptoAnalysis , #CryptoPredictions , #memecoin , #CryptoMarket
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