The crypto market continues to feel the pressure this week, with memecoins taking a noticeable hit—Fartcoin among the biggest casualties. Over the past 24 hours, Fartcoin dropped nearly 9%, adding to a weekly loss of 21.6% and a 30-day decline of almost 34%.
Despite a daily trading volume of $243 million—up nearly 38%—the token’s price is under heavy selling pressure. Charts show that Fartcoin recently broke below an expanding channel pattern it had maintained since mid-March. That breakdown has sent the price toward a key support zone around $0.90, which it is now testing again.
Technical indicators signal growing bearish momentum. The MACD, or Moving Average Convergence Divergence, displays a rising red histogram, and the short- and long-term moving averages are converging bearishly. If the bearish trend continues, Fartcoin could sink to $0.88, and possibly even fall as low as $0.6575 in the coming weeks if negative sentiment deepens.
Still, bulls are not out of the picture. If buyers manage to push the price back above $1, the token could attempt a rebound toward resistance zones at $1.12 and even $1.35. For now, the memecoin’s fate hangs in the balance as the broader market struggles to regain its footing.
