FARTCOIN has plunged 31% in the past week, facing weak demand and strong selling pressure. Will it rebound or sink to a two-month low?
FARTCOIN Faces Strong Selling Pressure
The meme coin FARTCOIN has struggled in the past week, losing 31% of its value. With bearish sentiment growing, the coin could drop even further, possibly hitting its lowest price in two months.
At the time of writing, FARTCOIN is trading below its 20-day Exponential Moving Average (EMA) at $1.04. This EMA now acts as a resistance level, making it difficult for the token to recover unless demand increases.
Technical Indicators Signal Bearish Momentum
The 20-day EMA tracks an asset’s average price over the past 20 days, giving more weight to recent prices. When a token trades below this key level, it signals a bearish trend.
Adding to the downward pressure, FARTCOIN’s Relative Strength Index (RSI) sits at 40.22, indicating weakening buying activity.
📉 Key RSI Takeaways:
- RSI above 70 → Overbought, potential correction.
- RSI below 30 → Oversold, possible rebound.
- RSI at 40.22 → FARTCOIN is in a bearish zone but not yet oversold.
This suggests that selling pressure remains strong, and unless demand picks up, FARTCOIN could see further declines.
FARTCOIN Price Prediction – What’s Next?
Using the Fibonacci Retracement tool, analysts predict that if demand remains weak, FARTCOIN could fall to $0.14—a price last seen on December 3.
However, if buyers return and push the price above $1.04 (20-day EMA), FARTCOIN could recover toward $1.13.
📊 Potential Scenarios:
✔️ Bullish case: Breaks $1.04, targets $1.13.
❌ Bearish case: Drops to $0.14 if demand stays low.
The coming days will be crucial in determining FARTCOIN’s fate—will it rebound or continue sinking?
