- FARTCOIN traded near $1.27 after an 8.5% daily gain, but volume dropped 35% as traders backed off.
- Spot Inflows hit $225.78K, suggesting holders may be preparing to exit following the meme coin’s parabolic run.
Amid the ongoing volatility, Fartcoin [FARTCOIN] was showing signs of weakness, with both the price action and market sentiment indicating a potential downtrend in the coming days.
This bearish speculation emerged after the memecoin rallied over 70% in the past month.
Price rallied, but traders turned cautious
At the time of writing, FARTCOIN traded near $1.27—up 8.5% in the last 24 hours. This surge in price was recorded after the meme coin hit a key support level.
Amid this volatility, traders and investors appear to be avoiding participation in the memecoin, leading to a 35% drop in its Trading Volume compared to previous days.
Traders appeared over-leveraged at the $1.175 level on the lower side (support) and $1.309 on the upper side (resistance).
At these levels, they have built $15.17 million worth of long positions and $1.81 million worth of short positions, respectively.
Source: CoinGlass
These substantial positions have been built over the past 24 hours, indicating a bullish signal on the short time frame.
FARTCOIN price action and upcoming levels
According to AMBCrypto’s technical analysis, FARTCOIN appears bearish as it is poised to break its key support level.
On the daily time frame, the memecoin has formed a bearish rising wedge pattern, making higher highs and higher lows while taking support and resistance from the upper and lower boundaries.
As the price continued to rise, the pattern became increasingly squeezed, and with the recent market dip, the price reached the lower boundary and is on the verge of breakdown.
Source: TradingView
If FARTCOIN closes below $1.15 on the daily chart, a 45% drawdown could follow, dragging the price toward $0.62.
On the flip side, a clean break above $1.65 could flip momentum, triggering a 60% rally toward $2.73.
Having said that, technicals are already flashing early warnings. FARTCOIN’s Relative Strength Index (RSI) fell from 67 to 55, edging closer to neutral.
This indicates fading momentum—unless fresh sentiment revives the rally.
Meanwhile, a well-followed crypto expert posted on X (formerly Twitter) that a 50% crash could be brewing. That outlook aligns with the current structure and inflows.
On-chain data and Exchange Inflows
On-chain analytics from CoinGlass’s Spot Inflow/Outflow revealed that exchanges, following the recent jump, have recorded an inflow of $225.78K worth of FARTCOIN memecoins.
Source: CoinGlass
This indicates a potential offload by investors and long-term holders, which could lead to selling pressure and further downside momentum.
