The $FARTCOIN coin has dropped over 8% in the past 24 hours, putting its market value of one billion dollars at risk. After a strong rise earlier this month, momentum has decisively turned bearish across multiple technical indicators.
The BBTrend indicator has turned sharply negative, and the ADX indicator shows a decline in trend strength, with a potential failure crossover looming on the EMA chart. Unless buying pressure returns soon, $Fartcoin may face greater losses ahead.
The momentum #FARTCOIN has reversed as the BBTrend indicator turned deeply negative.
The BBTrend indicator for $FARTCOIN has flipped.
Sharply to a bearish zone, currently standing at -6.22 after turning negative two days ago. This represents a sharp reversal from its recent high of 27 just five days ago, indicating a significant shift in momentum.
The BBTrend indicator, or Bollinger Band trend, measures the strength of the price movement direction by analyzing how prices move relative to the Bollinger Bands.
Positive values indicate a strong upward trend with increasing volatility, while negative values indicate downward momentum and shrinking price movement.
With the BBTrend indicator for FARTCOIN now dropping below zero, the indicator signals increasing bearish pressure.
A reading of -6.22 indicates that the asset is trading near the bottom of its volatility, with increasing severity.
This usually reflects a decline in buyer interest and may signal continued price weakness unless the trend quickly reverses.
FARTCOIN loses its momentum as the ADX indicator drops below the key threshold.
The Directional Movement Indicator (DMI) for FARTCOIN shows clear signs of weakening trend strength, as the average ADX indicator has dropped to 14.83 from 27.82 just three days ago.
The ADX indicator measures trend strength, regardless of direction - values above 25 typically indicate a strong trend, while values below 20 indicate low momentum or stability.
With the ADX indicator now below 15, it appears that FARTCOIN is entering a low-volatility phase, where directional conviction fades and price movement may shift to volatility.
At the same time, trend indicators point to a short-term bearish trend for the meme coin. The +DI indicator, which tracks upward pressure, has sharply dropped to 16 from 25.89, indicating a decline in buying interest.
At the same time, the -DI indicator has risen to 22.24 from 17.27, indicating growing selling momentum.
This widening gap between bearish strength and bullish strength, along with the drop in the ADX indicator, indicates sellers' control over the market - but without strong conviction yet.
If the trend strength begins to normalize with the bearish trend prevailing, FARTCOIN may face further declines.
FARTCOIN has dropped by 22% in 6 days with the appearance of the 'death cross' on the charts.
FARTCOIN was among the best-performing coins earlier this month, rising by 64% between June 5 and 11. However, momentum has sharply changed, with the coin dropping 22% over the last six days.
The recent pullback has put technical pressure on the price, and chart indicators suggest a potential trend reversal. FARTCOIN's exponential moving average lines are now approaching the formation of a 'death cross' - a bearish signal that often precedes extended downward trends.
If the death cross is confirmed, the meme coin could drop to test the support level at $1.06, then $1.00, and possibly drop to $0.86 if bearish momentum accelerates.
On the other hand, if the bulls regain control and the trend turns bullish, FARTCOIN may retest the resistance level at $1.20. A clear breakout above this level could pave the way for a move towards $1.53.
