FARTCOIN Drops Over 13% as Bearish Trend Signals Deeper Decline

Source Beincrypto

FARTCOIN is down more than 8% in the last 24 hours, putting its $1 billion market cap at risk. After a strong rally earlier this month, momentum has flipped decisively bearish across multiple technical indicators.

The BBTrend has turned sharply negative, the ADX shows fading trend strength, and a potential death cross looms on the EMA chart. Unless buying pressure returns soon, FARTCOIN may face deeper losses ahead.

FARTCOIN Momentum Reverses as BBTrend Turns Deeply Negative

FARTCOIN’s BBTrend has flipped sharply into bearish territory, currently sitting at -6.22 after turning negative two days ago. This marks a steep reversal from its recent high of 27 just five days ago, signaling a significant shift in momentum.

The BBTrend, or Bollinger Band Trend, measures the directional strength of price action by analyzing how far prices are moving relative to their Bollinger Bands.

Positive values indicate a strong bullish trend with expanding volatility, while negative values suggest bearish momentum and contracting price action.

FARTCOIN BBTrend.FARTCOIN BBTrend. Source: TradingView.

With FARTCOIN’s BBTrend now firmly below zero, the indicator points to increasing downside pressure.

A reading of -6.22 implies that the asset is trading near the lower edge of its volatility envelope and also doing so with growing intensity.

This typically reflects a loss of buyer interest and could foreshadow continued price weakness unless sentiment quickly reverses.

FARTCOIN Loses Steam as ADX Drops Below Key Threshold

FARTCOIN’s Directional Movement Index (DMI) is showing clear signs of weakening trend strength, with its Average Directional Index (ADX) falling to 14.83 from 27.82 just three days ago.

The ADX measures the strength of a trend, regardless of direction—values above 25 typically suggest a strong trend, while values below 20 imply low momentum or consolidation.

With the ADX now under 15, FARTCOIN appears to be entering a low-volatility phase, where directional conviction is fading and price action may turn choppy.

FARTCOIN DMI.FARTCOIN DMI. Source: TradingView.

Meanwhile, the directional indicators paint a bearish short-term picture for the meme coin. The +DI, which tracks bullish pressure, dropped sharply to 16 from 25.89, indicating fading buying interest.

At the same time, the -DI rose to 22.24 from 17.27, suggesting growing sell-side momentum.

This widening gap between bearish and bullish strength, combined with the falling ADX, points to a market where sellers are taking control—but without strong conviction yet.

If trend strength begins to rebuild with bearish dominance, FARTCOIN could face further downside.

FARTCOIN Slips 22% In 6 Days as Death Cross Looms on Charts

FARTCOIN was one of the top-performing meme coins earlier this month, rallying 64% between June 5 and June 11. However, momentum has shifted sharply, with the token dropping 22% over the last six days.

The recent pullback has put technical pressure on the price, and chart indicators suggest a potential trend reversal. FARTCOIN’s EMA lines are now close to forming a death cross—a bearish signal that often precedes extended downtrends.

FARTCOIN Price Analysis.FARTCOIN Price Analysis. Source: TradingView.

If the death cross confirms, the meme coin could slide to test support at $1.06, then $1.00, and possibly fall as low as $0.86 if bearish momentum accelerates.

On the flip side, if bulls reclaim control and the trend turns upward, FARTCOIN could retest resistance at $1.20. A clean breakout above that level could pave the way for a move toward $1.53.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ripple’s $21 Trillion Dream: What Capturing 20% Of SWIFT Volume Means For XRPRipple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO
Author  NewsBTC
7 Month 14 Day Mon
Ripple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO
placeholder
Australian Consumer Confidence Hits 3-Year High on RBA Rate CutsAustralian consumer sentiment soared to its highest level in over three years in August, buoyed by recent Reserve Bank of Australia (RBA) rate cuts and easing cost-of-living pressures, according to a Westpac-Melbourne Institute survey released Tuesday.
Author  Mitrade
8 Month 19 Day Tue
Australian consumer sentiment soared to its highest level in over three years in August, buoyed by recent Reserve Bank of Australia (RBA) rate cuts and easing cost-of-living pressures, according to a Westpac-Melbourne Institute survey released Tuesday.
placeholder
Small Caps and Value Stocks Lead Gains as S&P 500 AdvancesLast week, the S&P 500 continued its upward momentum despite notable shifts in market leadership.
Author  Mitrade
8 Month 19 Day Tue
Last week, the S&P 500 continued its upward momentum despite notable shifts in market leadership.
placeholder
OpenAI Introduces Lowest-Cost ChatGPT Subscription in India with UPI Payment OptionOn Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
Author  Mitrade
8 Month 19 Day Tue
On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
placeholder
Bitcoin Dips to Two-Week Low Around $113K Ahead of Fed Jackson Hole EventBitcoin continued its downward trajectory on Wednesday, hitting a two-week low as investors trimmed their positions ahead of the Federal Reserve’s upcoming Jackson Hole symposium.
Author  Mitrade
8 Month 20 Day Wed
Bitcoin continued its downward trajectory on Wednesday, hitting a two-week low as investors trimmed their positions ahead of the Federal Reserve’s upcoming Jackson Hole symposium.
goTop
quote