- Fartcoin dropped 9% in a day, with a 34% loss over the month.
- The price pattern broke under pressure, retesting support around $0.90.
- If bulls fail to step up, $0.6575 might be the next stop.
The crypto scene took a real hit this week, and memecoins didn’t get off easy—actually, they got hammered. Fartcoin, like the rest of the gang, is tumbling. In just the past day, it slipped about 9%, still caught in a bearish drift that doesn’t seem ready to let up anytime soon.
Trading Volume Spikes Amid Ongoing Decline
At the time of writing, Fartcoin’s trading volume popped to $243.03 million, which is kind of wild considering the mood—up nearly 38%. But don’t let that distract you from the bigger picture: FARTCOIN has shed 21.65% over the week and has dropped a brutal 33.97% over the past month. Ouch.
Support Gets Retested as Structure Breaks
Looking at the price chart, things had been forming into this broadening pattern, what traders call an “expanding channel.” But yeah, the sell pressure was too much. That structure? It cracked for the first time since March, and the price slipped right back down to test its support near $0.90—kind of a line in the sand.
MACD Turns Red, Momentum Still Sliding
And here’s where it gets a bit worrying. The MACD indicator is flashing red—literally. The histogram is rising, but in that bearish kind of way, and both the 12-day and 26-day moving averages are sliding into a convergence, which usually isn’t great news. Basically, we’re seeing signs that this downtrend might get… worse before it gets better.
What Comes Next? A Tug-of-War at $1
Now, if bulls manage to pull it together and push the price back to $1, there’s a shot at climbing toward resistance levels of $1.12—or maybe even $1.35 if momentum kicks in hard. But let’s be real: if the bears stay in charge, the coin might dip to $0.88, and if sentiment keeps spiraling, it could get dragged all the way down to $0.6575. Yep, that low.
