Fartcoin (FART), a Solana-based meme coin, is once again under pressure after its price fell sharply over the past day. Market data shows the token dropped by around 20% in the last 24 hours, pushing it below the closely watched $0.30 level. The move comes amid a broader sell-off across Solana meme coins, though Fartcoin’s losses were notably deeper than most of its peers.
Zooming out, the latest decline adds to a longer and more painful downtrend. Over the past 12 months, Fartcoin has lost roughly 68% of its value, highlighting how difficult conditions have been for meme tokens during periods of reduced risk appetite in the crypto market.
One of the most striking signals from the recent sell-off is the surge in trading activity. Trading volume jumped about 28% in just 24 hours and now equals roughly 43% of Fartcoin’s circulating market capitalization. Such a high volume-to-market-cap ratio often points to intense two-way trading, where aggressive sellers meet opportunistic buyers. Market watchers say this kind of activity can also be linked to forced liquidations or panic selling as prices fail to hold key levels.
From a relative performance perspective, Fartcoin’s drop stood out. Sector data shows its 24-hour decline was nearly four times larger than the average loss seen across other Solana-based meme coins during the same period. While many tokens in the category moved lower, Fartcoin clearly took a harder hit.
Technical analysts point to a failed attempt to move higher as a key reason for the latest weakness. Chart data suggests the token recently ran into resistance at an important price zone before reversing direction. After being rejected at that level, the price began drifting back toward nearby support, eventually slipping below $0.30.
According to technical readings, Fartcoin has been trading within a relatively defined range for some time. The recent move brings it closer to the lower end of that range. If current support levels fail to hold, analysts warn that additional near-term losses could follow. On the flip side, a strong bounce and a move back above resistance could help reset the range and slow the ongoing downtrend.
Historically, the token did see a period of strength earlier in the year, with gains recorded between April and July. However, that momentum faded, and prices have been trending lower since then.
For now, traders appear cautious as selling pressure dominates. Whether Fartcoin can stabilize below $0.30 or continues to slide may depend on broader sentiment around Solana meme coins and the crypto market as a whole in the days ahead.
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