The post Fartcoin’s 11% Freefall Puts 200 EMA Support Under Severe Pressure appeared on BitcoinEthereumNews.com.

Fartcoin failed to hold above the 50-day EMA with critical support at $0.82 under threat. Negative sentiment at -0.2313 indicates fading retail and institutional interest since May. The recent price movement of Fartcoin is facing strong bearish pressure since several technical tools are pointing to the possibility of a further price decline. The memecoin has been failing to sustain the momentum above the 50-day exponential moving average, which indicates a possible trend change. The most worrying is the correlation between price and the exponential moving averages. Although Fartcoin briefly broke above both the 50-day EMA and headed towards the 200-day EMA at $0.8286. A break below this level would signal the bearish thesis and would probably lead to a wave of selling. During the May rally, Fartcoin hit a high of $1.65, but halted as buyers were unable to sustain the buying momentum. After that, the price is continuously in a downtrend. According to CMC data, Fartcoin price is currently trading at $0.9378 with an intraday drop of 11%, showcasing bearishness. What’s Next For Fartcoin Price? The RSI indicator gives more bearish confirmation, which is now at 38.97 and 14 SMA line is at 48.78 point. This momentum oscillator has never managed to move above the neutral 50 level in recent rallies, which is a sign of weakness. The failure of the RSI to produce oversold bounces indicates that the selling pressure is still present. The social sentiment analysis is a very disturbing one, with the indicator far in the red at -0.2313. This continued negative mood, coupled with the inability to support any significant positive mood phases, indicates that retail and institutional interest is fading. The social mood has been strongly bearish since the end of May, when the price dropped to the level of $1.12. The MACD indicator…

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Filed under: News - @ June 21, 2025 2:25 pm