Fartcoin (FART) Drops Nearly 13% in a Single Day on May 7, 2025

Fartcoin price dropped 13% in a single day on May 7 as the cryptocurrency market continues to see more corrections. The sharp decrease in Fartcoin’s price may shake investor confidence in the 69th largest cryptocurrency.

As optimism returns to the crypto market, many investors are looking towards the best crypto to buy in May 2025.

Fartcoin price today is down 13% in the past 24 hours to sit at approximately $0.96. The dramatic decrease in price comes as Fartcoin saw a large sell-off, despite still being the 69th largest cryptocurrency by market cap. It weighs in at $962 million. Trading volume spiked 78% to $228 million, reflecting strong market sentiment during the sell-off and continuing trader demand despite bearish pressure.

Fartcoin price is also just below resistance at $1.15. The MACD (Moving Average Convergence Divergence) is now bearish, but RSI (Relative Strength Index) remains steady at 56, indicating neutral momentum. Price remains above moving averages, indicating support. Overall, the technical indicators point to a neutral sentiment.

In the last few days, there has been significant whale activity, which could likely influence the direction of Fartcoin’s price. On May 2, one whale made profits worth more than $7.5 million trading Fartcoin. The whale then shifted focus, purchasing 23.37 million AVA tokens valued at $1.71 million, moving away from Fartcoin.

A smart whale who made over $7.5M trading $Fartcoin is now accumulating $AVA.

Over the past 20 days, this whale bought 23.37M $AVA($1.71M) at an average price of $0.03554—now sitting on an unrealized profit of ~$875K.

Address: EcHQGRckdkU62ganbz1SCaWuyaHcPpT2WsgUK21Tw9Rq

However, fresh whale interest was seen again on May 7, with one whale purchasing $100.69K worth of Fartcoin. While smaller than the recent sell-offs, it is indicative of fresh confidence in the coin. This mix of profit-taking and new buying indicates continuing volatility and active large-volume trading in Fartcoin’s market.

Optimism is still prevalent among many Fartcoin traders, even in light of recent downtime. Nick O’Neill on X refers to it as “basically the only token other than Bitcoin and Solana that matters” because of its unique market position. He further asserts the coin “doesn’t go down,” exhibiting utmost confidence.

Fartcoin is now hovering at a critical level around $1, which traders are eagerly expecting to retain. A fall below it considers the next critical level as the $0.85 zone. This zone is also the 0.382 Fibonacci level, which traders may see as a reentry point.

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