<ul data-eligibleForWebStory="true">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.