Fartcoin's price has dropped by 8% as bears attempt to push it lower, leading to a bearish sentiment in the market.
The meme coin is currently in a neutral position as bulls and bears engage in a tug-of-war, causing uncertainty in the market.
Fartcoin is trading around $1.0670, stuck between significant support and resistance levels, with a battle unfolding at the 50-day EMA of $1.1108.
Technical indicators like RSI and MACD are showing a neutral stance, signaling ongoing price discovery and a potential consolidation phase for Fartcoin.