<ul data-eligibleForWebStory="true">Fartcoin has dropped by 9% in the last 24 hours, breaking below key technical support levels like the 50-day EMA.The breach of the 50-day EMA at $1.1010 is concerning as it indicates a potential protracted decline in the cryptocurrency.Fartcoin failed to hold the significant $1.00 support level, a psychologically important mark for traders, signaling increased selling pressure.Technical indicators like MACD and RSI suggest a bearish trend continuation, with the nearest resistance at $1.1011 and the next support at $0.8365.