Fartcoin price bulls lose key support as Solana meme coin drops below $0.30
Fartcoin price declined approximately 20% in the past 24 hours as Solana-based meme coins faced renewed selling pressure, according to market data.
- Fartcoin price fell roughly 20% in 24 hours and 68% over 12 months, dropping below $0.30 amid renewed selling in Solana meme coins.
- Trading volume jumped 28% and reached about 43% of market cap, signaling intense two-way activity and likely forced or panic selling at resistance.
- Technical charts show Fartcoin rejected at resistance and drifting toward support, with a breakdown risking further losses while a rebound could reset the range.
Fartcoin (FART) price dropped below $0.30, extending a longer-term decline that has seen the asset lose 68% over the past 12 months, according to price tracking data.
Fartcoin trending below $0.30
Trading volumes increased 28% in the past 24 hours, representing 43% of the asset’s circulating market cap, according to market analytics. The elevated trading volume relative to market capitalization suggests heightened selling activity, market observers noted.
A cryptocurrency trader published technical analysis indicating that Fartcoin’s price encountered resistance at a key level, suggesting potential for further declines. The analysis indicated the price could face additional downside risk in coming days based on current chart patterns.
Fartcoin’s 24-hour decline exceeded the average loss among Solana meme coins by approximately four times, according to sector performance data. Other tokens in the category also recorded losses during the same period.
Technical charts show the token reached a resistance level before reversing course toward nearby support levels. The asset has traded within a defined range for an extended period, according to chart data.
A break below current support levels could result in additional near-term losses, while a move above the resistance area could challenge the current downtrend, according to technical analysis. The token experienced gains between April and July before entering its current decline.
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