dwon

I'll be honest - there is a lot of fear around Fartcoin rn; but I think this is a good counter indicator rationally, here are some points of confluence that to me scream it should have a big reversal: - We are at 8 out of 9 red daily candles, same as the pullback from the beginning of month (-55% to 69c) - We bounced twice on LTF off the diagonal trendline that connects the lows from the beginning of Dec and beginning of Jan - We are at -65% correction from the top, which is in range with the 7 or 8 big corrections we've had since inception - Also round number, right below the $1 mark, can be seen as a good spot to accumulate - Number of holders keeps going up on all timeframes (see below), nearing 100,000 - Fartcoin is the 10th most traded token on perps, in the entirety of crypto, behind super large caps BTC, ETH, SOL, XRP, DOGE, SUI, JUP - it's done 1.5bn in volume last 24h and has been consistently pulling these kinds of numbers - Everyone was dunking on Fartcoin yesterday on the timeline (Ansem jokes about sending it to 3bn, Shkreli feeling empowered) - somehow everyone thinks the token is dying yet they feel the need to keep mentioning it on the timeline - Price has been slow bleeding a lot last few days, even though lots of 7 fig whales were clipping in onchain - Taiki performed Seppuku with a red dildo (underrated signal) - Sentiment analytics are bottoming out on Kaito (almost in red territory, which has only happened twice since inception and marked bottoms on the chart), mindshare is ranging but still very high -> fun fact - we are also below the daily trend on the chart, which has also happened twice before, for a few days (2-6 Dec and 9-13 Jan) which is exactly the only 2 times when the sentiment analytics flipped red on Kaito - With all of these considered, we still barely have any spot listings (Kraken and Kucoin) - I personally think this should change - I bet a lot of the ppl sold to capture some of the huge unrealized profits they were sitting on (I'm not sell shaming); I also think they would feel a lot of fomo if Fartcoin suddenly put in a 20-30% candle - this is where the coin's reflexivity kicks in This is obviously market dependent, but if we don't nuke, I think good probability that Fartcoin full sends if the market has bottomed Until it gets proper Spot listings, it will continue to be volatile and wildy swing in both directions (I think this is a consequence of it lacking T1 Spot exchanges still & most of the volume being on perps) But this coin has proven again and again that it's extremely resilient (literally the 7th dump of this magnitude) and reflexive, so if you wanted to bet on that happening again, these levels seem great