menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Fartcoin D...
source image

Coindoo

3w

read

193

img
dot

Image Credit: Coindoo

Fartcoin Drops Below $1 After Binance.US Listing Sparks Sell-Off

  • Fartcoin briefly surged to $1.30, then dropped below $1 following resistance at the $1.30-$1.32 zone.
  • The token experienced heavy profit-taking with a 66% surge in 24-hour trading volume, hitting $373 million.
  • Sell-off driven by lack of new catalysts, with CoinMarketCap rating Fartcoin's fundamentals at 48%.
  • Technically, MACD turned negative indicating weakening bullish control; key support levels failed.
  • Levels breached include $1.20-$1.21 zone, RSI plummeted to 42.8, and price dipped below SMAs.
  • Traders now eye $0.89-$0.92 for support, aligning with the lower Bollinger Band and May 31 low.
  • Despite the drop, interest in Fartcoin remains high but faces tests in technical resilience and investor confidence.

Read Full Article

like

11 Likes

For uninterrupted reading, download the app