FARTCOIN has plummeted over 8% in the past 24 hours, putting the token’s $1 billion market cap in a state of alarm. After a strong acceleration earlier in the month, the price trend has distinctly reversed as technical indicators all signal negativity.
Specifically, the BBTrend indicator has shifted to a deep downward state, ADX indicates that trend momentum is gradually weakening, while on the EMA chart, a 'death cross' is gradually forming – a sign often indicating an upcoming deep decline. If buying power does not return soon, FARTCOIN may continue to face severe sell-offs in the near future.
The momentum of FARTCOIN reversed as BBTrend turned negative.
The BBTrend indicator of FARTCOIN has sharply declined, currently falling deep to -6.22 after breaking through the 0 threshold two days ago. This is a dramatic reversal from the recent peak of 27 just five days ago, indicating a significant change in market momentum.
BBTrend (Bollinger Band Trend) measures the directional strength of price by analyzing the degree of price movement relative to the Bollinger Band. When BBTrend is positive, it reflects a strong upward trend accompanied by expanded volatility. Conversely, a negative value signals increasing downward pressure, with price action being more tightly compressed.
The deep negative BBTrend of FARTCOIN is a clear signal that the bears are controlling the market. The level of -6.22 indicates that the price is edging close to the lower edge of the volatility band — a sign that buying power is rapidly weakening. If market sentiment does not improve soon, selling pressure may continue to weigh down and lead to a prolonged downward trend.
FARTCOIN loses momentum when ADX drops below a critical threshold.
The DMI (Directional Movement Index) of FARTCOIN is signaling a clear weakening in trend, as the ADX (Average Directional Index) has plummeted to 14.83, compared to 27.82 just three days earlier.
ADX is a measure of trend strength regardless of the upward or downward direction — values above 25 typically indicate a strong trend, while below 20 suggest the market is hesitant or falling into an accumulation state.
With ADX now falling below the 15 mark, FARTCOIN seems to be entering a weak oscillation phase, where market trends become faint and price action may get stuck in a state of indecision, lacking clear direction.
Additionally, the directional components of the DMI are also painting a negative picture in the short term. Specifically, the +DI index — representing buying power — has sharply dropped from 25.89 to 16, reflecting a significant decline in market demand.
Meanwhile, -DI — measuring selling pressure — has surged from 17.27 to 22.24, indicating that the sellers are gradually gaining the upper hand.
The widening gap between these two indicators, combined with the clear weakening momentum of ADX, reinforces the view that the bears are in control of the market — although there is still no decisive confirmation signal.
If the trend strength rebounds in the near future but leans towards the negative, FARTCOIN may continue to face prolonged selling pressure.
FARTCOIN decreased by 22% in just 6 days, with a 'death cross' signal appearing on the chart.
FARTCOIN stood out among meme coins when it recorded an impressive 64% increase in just one week, from June 5 to June 11. However, that glory did not last long. After a brief breakout, this coin reversed sharply, dropping 22% in just the past six days, causing the technical outlook to become bleak.
The deep adjustment has pushed FARTCOIN to a dangerous threshold as technical indicators begin to signal negativity. Specifically, the exponential moving averages (EMA) are approaching the 'death cross' intersection — a classic sign indicating the potential for entering a prolonged downward cycle.
If the death cross is confirmed, selling pressure may cause the price to fall to the support area of $1.06, followed by $1.00 and worse, $0.86 if the downward momentum continues to increase.
However, the opportunity is not completely extinguished. If buying power is strong enough to reverse the current trend, FARTCOIN could return to test the resistance area of $1.20. A decisive breakout above this level would open up the potential to conquer a higher target at $1.53 in the short term.