The Solana-based meme coin FARTCOIN has emerged as an unlikely outperformer over the past month. The altcoin has defied the broader market troubles and surged by nearly 250% in the past 30 days.  

However, buyer exhaustion could soon set in, potentially triggering a wave of profit-taking among FARTCOIN holders eager to lock in gains.

FARTCOIN Enters Overbought Zone 

FARTCOIN’s triple-digit rally has pushed its price above the upper band of its Bollinger Bands (BB) indicator, a sign that the meme coin is overbought. 

The BB indicator identifies overbought or oversold conditions and measures an asset’s price volatility. It consists of three lines: a simple moving average (middle band) and two bands (upper and lower) representing standard deviations above and below the moving average. 

When the price breaks above the upper band, it means the asset’s current value is moving significantly away from its average, making it overbought and due for a price correction.

This pattern suggests that FARTCOIN’s current price level may not be sustainable, increasing the likelihood of a near-term pullback.

Moreover, readings from the token’s Relative Strength Index (RSI) confirm its nearly overbought status. At press time, this momentum indicator rests at 69.09. 

The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.

At 69.09, FARTCOIN’s RSI signals that the meme coin is nearly overbought. Its upward momentum may be weakening, and a price correction could be near.

Will It Hit $1.16 or Slip Back to $0.37?

If the current momentum fades, FARTCOIN could face a short-term correction that causes it to shed some recent gains. In that scenario, the Solana-based asset could retest support at $0.74.

Should it fail to hold, the downtrend strengthens and could continue toward $0.37. 

However, if FARTCOIN maintains its uptrend, it could rally to $1.16. 

Dozens of Binance users report receiving an alarming wave of phishing text messages that appear genuine. These messages even match the phone number and SMS inbox they regularly see for official Binance updates. 

Almost all phishing texts reviewed by BeInCrypto have the same wording and format. This leads us to believe that a particular threat actor or criminal group is targeting Binance users with a sophisticated phishing campaign.

Targeted Phishing Campaign Against Binance Users

The messages often warn of users’ unauthorized account activities—such as a newly added two-factor authentication device. 

Most commonly, the phishing messages follow up with a text about an unexpected Binance API pairing with Ledger Live. The recipients are then urged to call a provided phone number. 

Some targeted users claim these texts show up in the same thread as their legitimate Binance notifications. This creates confusion and prompts them to engage. Investigations by BeInCrypto reveal a surge in consumer complaints on X (formerly Twitter). 

Many users say they were caught off guard because the scam messages originated from the same sender ID used by Binance for authentic notifications. 

Meanwhile, the criminals behind this campaign appear to be capitalizing on publicly reported leaks of Binance user data on dark web forums. 

Last month, an estimated 230,000 combined user records from Binance and Gemini reportedly appeared for sale on the dark web. Security experts suggest these leaks came through phishing attacks rather than direct system breaches.

The suspected group of threat actors is likely using leaked information—names, phone numbers, and emails—to craft targeted messages that give the illusion of legitimacy. 

Also, the pattern seen in the phishing attempts typically involves an urgent “not you?” query. It prompts recipients to call an embedded phone line instead of simply clicking a link. 

This method bypasses the more common scenario of phishing links in SMS.

Binance is Extending Anti-Phishing Code to SMS

In an exclusive email to BeInCrypto, Binance’s Chief Security Officer, Jimmy Su, responded to these findings. Su confirmed the company’s awareness of the escalating smishing incidents.

“We are aware of smishing scams on the rise where phishing scammers are impersonating us and other legitimate senders via SMS. These scams appear to be more authentic, tricking users into revealing sensitive information, clicking into phishing links, or making a transfer that result in loss of assets.” Binance’s Chief Security Officer told BeInCrypto. 

Su further disclosed that Binance has extended its Anti-Phishing Code to SMS. This feature was originally offered for emails. 

The code is a user-defined identifier that appears in official Binance messages, making it easier for recipients to recognize genuine notifications and avoid impostors. 

“By incorporating a unique Anti-Phishing code into Binance SMS messages, we are making it significantly harder for scammers to deceive our users,” Su said.

The Anti-Phishing Code has been rolled out to all licensed jurisdictions where Binance operates. 

Also, according to Binance, both registered and non-registered users have reported receiving suspicious texts. 

Therefore, attackers might be leveraging databases that include phone numbers of individuals not actively using Binance.

BeInCrypto advises users to adopt additional measures, such as verifying transactions directly through Binance’s official app or website, using multifactor authentication, and never sharing credentials over the phone. 

Reporting suspicious messages to Binance’s support team is strongly advised.

Individuals are encouraged to confirm official communications by checking for the Anti-Phishing Code and to carefully scrutinize any request to call phone numbers provided in unsolicited messages.

Dogecoin holders have been withdrawing their funds from spot markets in April, with the leading meme coin facing mounting selling pressure. 

The lack of new capital flowing into DOGE reflects a decline in investor confidence and adds downward pressure on the altcoin. 

Sell-Off Worsens for DOGE as Outflows Outpace Inflows

Since the beginning of April, DOGE has seen a consistent stream of net outflows from its spot market, totaling over $120 million. Net inflows during the same period have been negligible, amounting to less than $5 million per Coinglass.

When an asset records spot outflows, more of its coins or tokens are being sold or withdrawn from the spot market than are being bought or deposited.

This indicates that DOGE investors are losing confidence and opting to liquidate their holdings due to increasingly bearish market conditions. 

The persistent outflows from the meme coin over the past two weeks reflect the lack of new demand for the altcoin. If this trend continues, DOGE’s price could remain range-bound or face another decline cycle.

On the technical front, DOGE’s Relative Strength Index (RSI) has continued to trend downward on the daily chart, further confirming the bearish outlook.

At press time, this key momentum indicator, which measures an asset’s oversold and overbought market conditions, is below the 50-neutral line at 47.61.

When an asset’s RSI falls below the center line, bearish momentum strengthens. This suggests that DOGE selling pressure is beginning to outweigh buying interest, signaling a potential dip in the asset’s price.

DOGE Risks Retesting Yearly Lows

With the crypto market’s volatility heightened by Donald Trump’s ongoing trade wars and DOGE’s current struggles to attract fresh investment, the meme coin may test new lows in the near term. If selling pressure strengthens, DOGE could revisit its year-to-date low of $0.12.

Conversely, a resurgence in new demand for the meme coin will invalidate this bearish outlook. In that scenario, DOGE’s price could break above $0.17 and climb to $0.20.