Fartcoin’s price has plunged 25% over the past week and nearly 40% from its May 23 peak, with technicals pointing to the risk of a further 30% slide if the critical $1 support level gives way.

Having recently dropped almost 40% from recent peak of $1.65 to $1 intraday low on May 31, Fartcoin Fartcoin

FARTCOIN 1.61% Fartcoin price is currently consolidating around $1.08, way below its EMA 20.

The latest leg down broke through the local horizontal support at $1.20, which also served as the neckline of a double top pattern. This confirmed a structural shift, with Fartcoin forming a lower low at $1 before retracing to the current $1.08 level.

Based on the current setup, further downside is likely. If the $1 support level fails, the memecoin‘s price could retest the $0.93–$0.95 zone, which has recently acted as a short-term demand area as the price had wicked twice to that level. Reaching this zone would represent a decline of roughly 14% from the current levels.