Fartcoin Plunges 30%: Weekend Wipeout for Memecoin as Odor Turns Foul

Another memecoin gets dragged behind the crypto woodshed—Fartcoin's 30% weekend crash leaves holders holding their noses.

When the memecoin bubble deflates, it's always the retail bagholders left gasping for air. Fartcoin's sudden drop proves even joke assets follow the first rule of crypto gravity: What goes up must come down—hard.

Meanwhile, Wall Street's 'stablecoin' peddlers keep straight faces while selling algorithmic time bombs. At least meme traders admit they're gambling.

The Moving Average Convergence Divergence (MACD) indicator records a rising red histogram in the daily time frame with its 12 & 26-day averages recording a bearish convergence. This trend suggests a rising bearish momentum for the FARTCOIN memecoin in the upcoming time.

The FARTCOIN price could retest its $1 mark if the bulls regain momentum. Maintaining the price above that level could result in it heading toward its upper resistance level of $1.12 or $1.35 respectively.

However, if the bears maintain dominance, it may pull the value of FARTCOIN price to its $0.88. A rising negative sentiment could pull the value toward its lower support level of $0.6575 this month.

Traders Lose $300M in 4-Hour Liquidation as Bitcoin, ethereum Drop Sharply