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Fartcoin Faces Bearish Pressure as Memecoin Sector Declines
Fartcoin Faces Bearish Pressure as Memecoin Sector Declines
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Fartcoin's valuation has plummeted 30% this week, mirroring broader weakness in the memecoin sector. The token now trades at critical support levels after breaking a key chart pattern that had held since March.
Trading volume surged 37.95% to $243 million amid the sell-off, with the token losing 21.65% weekly and 33.97% monthly. Technical indicators show growing bearish momentum, with the MACD's red histogram expanding and moving averages converging downward.
The $0.90 support level becomes crucial - a breach could trigger further declines toward $0.88. Conversely, reclaiming the psychological $1.00 barrier might open a path to $1.12-$1.35 resistance zones.
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