Amid the ongoing volatility, Fartcoin [FARTCOIN] was showing signs of weakness

Amid the ongoing volatility, Fartcoin [FARTCOIN] was showing signs of weakness, with both the price action and market sentiment indicating a potential downtrend

Amid the ongoing volatility, Fartcoin [FARTCOIN] showed signs of weakness as both the price action and market sentiment suggested a potential downtrend in the coming days.

This bearish speculation emerged after the memecoin experienced a 70% rally in the past month.

Price rallied, but traders turned cautious

At the time of writing, FARTCOIN traded at $1.27—up 8.5% in the last 24 hours. This surge in price occurred after the meme coin hit a key support level.

However, traders and investors seemed to be avoiding participation in the memecoin, leading to a 35% drop in its Trading Volume compared to previous days.

Traders appeared over-leveraged at the $1.175 level on the lower side (support) and $1.309 on the upper side (resistance).

At these levels, they had built $15.17 million worth of long positions and $1.81 million worth of short positions, respectively.

Source: CoinGlass

These substantial positions were built over the past 24 hours, which could be a bullish signal on the short time frame.

FARTCOIN price action and upcoming levels

According to AMBCrypto’s technical analysis, FARTCOIN appeared bearish as it was poised to break its key support level.

On the daily time frame, the memecoin formed a bearish rising wedge pattern, making higher highs and higher lows while taking support and resistance from the upper and lower boundaries.

As the price continued to rise, the pattern became increasingly squeezed, and with the recent market dip, the price reached the lower boundary and was on the verge of breakdown.

Source: TradingView

If FARTCOIN closed below $1.15 on the daily chart, a 45% drawdown could follow, dragging the price towards $0.62.

On the flip side, a clean break above $1.65 could flip momentum, triggering a 60% rally towards $2.73.

Having said that, technicals were already flashing early warnings. FARTCOIN’s Relative Strength Index (RSI) fell from 67 to 55, edging closer to neutral.

This indicated fading momentum—unless fresh sentiment revived the rally.

Meanwhile, a well-followed crypto expert posted on X (formerly Twitter) that a 50% crash could be brewing. That outlook aligned with the current structure and inflows.

On-chain data and Exchange Inflows

On-chain analytics from CoinGlass’s Spot Inflow/Outflow showed that exchanges, following the recent jump, had recorded an inflow of $225.78K worth of FARTCOIN memecoins.

Source: CoinGlass

This indicated a potential offload by investors and long-term holders, which might lead to selling pressure and further downside momentum.