- Fartcoin has dropped 11% in one day, falling to $0.97 amid growing technical and sentiment-based concerns.
- A confirmed bear flag pattern indicates a possible 47% drop to $0.53 if bearish momentum continues.
- Market sentiment is at a yearly low, and meme coin capital rotation signals increased trader hesitation.
Fartcoin’s price fell sharply on June 26, recording an 11% loss to trade at $0.97. This decline marks one of the steepest daily drops for the meme-based cryptocurrency in recent months. Market indicators suggest that this drop could accelerate in the near term.
Technical analysis now reveals a bear flag pattern on the Fartcoin daily chart. This pattern often signals a continuation of an existing downtrend. The flagpole’s height indicates a projected drop that could send the token’s price to around $0.53, aligning with its April 2025 lows.
The latest candlestick has already broken below the flag’s lower trendline. This move below the support level confirms the pattern breakdown and signals rising bearish pressure. If sellers remain in control, the anticipated target of $0.53 could be reached within days.
Momentum Indicators Show No Signs of Reversal
Some indicators show a bearish trend. The Relative Strength Index (RSI) has been on a bearish trend, indicating that the selling pressure is high. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is still in the minus range. All these indicators point to no risk of reversal, encouraging speculation on the further decrease in prices.
According to data provided by Santiment, it emerges that the weighted sentiment of Fartcoin has reached its lowest point in 2025. This is an indication that those in the market are turning bearish. The popularity of investor interest in speculative investments in assets (such as meme coins) is also dying out as the market moves toward recognizable cryptocurrencies.
Besides, according to CoinGecko statistics, the total market capitalization of the best Solana-based meme coins declined by 11% over the past day. The sell-off in meme tokens has been part of a broader risk-off day at the market.
Fartcoin Struggles Amid Broader Meme Coin Weakness
Fartcoin’s recent losses are part of a wider trend impacting the meme coin sector. Despite growing optimism surrounding Bitcoin, meme tokens remain under heavy pressure. Unless sentiment improves, further downside may be likely.
The bear flag breakdown, combined with deepening negative sentiment, points to more turbulence ahead for Fartcoin as it approaches critical support levels.
