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Fartcoin Faces Steep Decline as Bearish Pattern Triggers Sell Signal
Fartcoin Faces Steep Decline as Bearish Pattern Triggers Sell Signal
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Fartcoin’s 360% rally since April appears to be unraveling, with a critical bearish pattern breakdown triggering a 20% weekly drop. The meme coin, once a speculative favorite, is now fading from the ’best crypto to buy’ conversation as hype-driven support dwindles.
Derivatives markets saw $7.74 million in long positions liquidated during Friday’s sell-off—the largest such event in Fartcoin’s history. While open interest has recovered 8% since the weekend, the long/short ratio hovering NEAR 1.0088 reveals a market split evenly between bulls and bears.
The token’s fate hangs in balance as global markets navigate economic uncertainty from trade wars, with traders divided on whether the current correction will deepen or reverse.
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