Fartcoin Plunges 11% Toward 200 EMA Support Amid Bearish Momentum
Fartcoin’s price dropped 9.14% to $0.8335, testing the critical 200-day Exponential Moving Average (EMA) support. Over the past week, the Solana-based meme coin has sunk 27.75% while trading volume fell 31.81% to $162.64 million. Technical indicators signal strong bearish momentum: the MACD histogram is deepening its red bars, while the RSI at 21.35 points to an oversold condition that could spark a short-term relief rally. Immediate resistance sits at $0.90–1.00, but a breakdown could push prices to $0.645 or lower. An impending death cross between the 50- and 200-day EMAs may further accelerate selling. Whale activity remains high: a major holder sold 2.18 million FART to book $251,000, amplifying volatility. With Bitcoin (BTC) and Ethereum (ETH) also under pressure, the token must reclaim $1.20 to avoid extended downtrends.
Bearish
Technical indicators point firmly downward: a 27.75% weekly slump, a deepening MACD sell signal and an impending death cross all suggest continued pressure on prices. Volume decline and heightened whale selling further reinforce bearish sentiment. Historically, meme coins that break key moving-average supports often follow with accelerated drops. In the short term, Fartcoin is likely to remain under selling pressure until it reclaims major resistance at $0.90–1.00. Long term recovery depends on whether buyers can absorb supply and reverse technical breakdowns.