FARTCOIN Dips Below Support That Sent Price Rallying Over 200%

Fartcoin (FARTCOIN) is leading the losses in the ongoing crypto market correction, plunging over 35% in the past seven days.

Another 10% Decline Likely

Fartcoin, once hailed for its explosive upside moves, has now slipped below a critical technical support level, raising alarm bells among traders.

On Wednesday, the memecoin traded near $1.06 after decisively breaking below its ascending trendline support, a level that had served as a launchpad for multiple major rebounds throughout 2025.

Notably, the memecoin bounced over 224% in March, 363% in April, and nearly 91% in early July each time it retested this rising support line, making the trendline a psychologically and technically significant level for traders.

This time, however, the breakdown appears more definitive, with FARTCOIN slipping beneath both the trendline and its 50-day exponential moving average (EMA; the red wave), indicating a weakening bullish structure.

The next downside target aligns with the 200-day EMA (the blue wave), down about 10% from current levels near $0.96.

Rising Wedge Breakdown May Send FARTCOIN Down 80%

Fartcoin’s sell-off also confirms a rising wedge breakdown, a bearish reversal pattern formed over several months.

Rising wedges typically precede sharp downside moves, with the downside target measured by the maximum height of the pattern subtracted from the breakdown point.

In FARTCOIN’s case, this projects a price target around $0.20, an additional 80% drop from current levels.

A successful bounce from the 200-day EMA support could trigger a short-term recovery. Moreover, if that rebound helps FARTCOIN reclaim the broken ascending trendline as support, the bearish wedge structure could become invalidated.

In that scenario, the next upside target could emerge near the wedge’s upper trendline around $1.70, offering a potential 60% upside from current levels.

Still, momentum favors the bears in the short term. The daily relative strength index (RSI) has slipped toward 40, reflecting growing selling pressure. Meanwhile, FARTCOIN’s 50-day EMA, which is near $1.23, is also acting as immediate resistance.