FartCoin Price Crash: Bear Flag Signals 40% Downside

FartCoin Price in Freefall: 40% Crash Predicted as Bear Flag Emerges

FartCoin is facing intense selling pressure as the cryptocurrency market braces for further downside. The token has failed to sustain recent gains and is now trading below critical support levels, heightening concerns about a deeper correction.

As of the latest data, FartCoin is priced at $0.0000012, marking a sharp 15% decline within the past 24 hours. The sell-off intensified after bulls were unable to reclaim resistance around $0.0000016. This level previously served as a pivot zone, and the rejection signals weakening buying interest across major exchanges.

Technical indicators are painting a grim picture. Analysts have identified the formation of a bear flag pattern on the daily chart, a classic continuation setup that often precedes significant downward moves. If this pattern plays out as expected, FartCoin could face an additional 40% drop, targeting the $0.0000007 area in the coming sessions.

Adding to the bearish scenario, trading volume has steadily decreased, reflecting fading investor confidence. The Relative Strength Index (RSI) remains locked in oversold territory, suggesting persistent downward momentum with little evidence of a relief rally.

Despite the prevailing negative sentiment, some traders are monitoring whether FartCoin can stabilize above the minor support at $0.0000010. A successful defense of this level could trigger a short-term bounce. However, any recovery attempt is expected to encounter strong selling pressure at the previous breakdown level of $0.0000016, which now acts as a formidable resistance barrier.

Market participants are advised to proceed with caution. As volatility spikes and momentum weakens, the risk of further capitulation grows. Until FartCoin can reclaim key levels and establish a clear trend reversal, the outlook remains decidedly bearish in the short term.