Fartcoin in Freefall: Plunges 25% in a Week, Braces for More Pain

From Highs to Lows: Fartcoin's Brutal Descent

Fartcoin's value has nosedived a staggering 25% in just one week, and it's down almost 40% from its peak on May 23. If the critical $1 support level crumbles, brace yourselves for a potential 30% more drop!

A Rollercoaster Ride: From $1.65 to $1 and Back

Fartcoin (FARTCOIN) went from a high of $1.65 to a low of $1 in the blink of an eye on May 31. Now, it's struggling to hold steady at around $1.08, way below its EMA 20. It's like watching a car crash in slow motion!

Technical Breakdown: The Double Top That Shook Fartcoin

The latest plunge shattered the local support at $1.20, which was also the neckline of a double top pattern. This wasn't just a dip; it was a full-on structural shift. Fartcoin hit a new low at $1 before bouncing back to $1.08. It's like the rug was pulled out from under it!

Weak Momentum and Declining Volume: The Signs Are Clear

Even though the Relative Strength Index ticked up from 40 to 42 as traders tried to buy the dip, the momentum is still weak and trending down. It's below the moving average, and trading volume has been drying up for weeks. It's like the life is being sucked out of Fartcoin!

The Road Ahead: More Pain on the Horizon

Get ready for more downside action. If the $1 support level fails, Fartcoin could be headed for the $0.93–$0.95 zone, a short-term demand area that's been tested twice recently. That's a 14% drop from where it's at now. Hold on tight!

The Deep End: A Potential 30% Crash

If it breaks below that, we could be looking at a nosedive to the $0.75–$0.80 region, a support zone from mid-May. This also lines up with the target from the double top pattern. We're talking about a potential 30% crash from the current price. Fartcoin, you're in for a wild ride!