Fartcoin price warning: why this meme token could plunge 50%

Fartcoin (FARTCOIN) price was down 5% in 24 hours amid fresh profit taking. Analyst Captain Faibik says the memcoin could drop 50% amid a bearish impulse. Price faces key hurdle around $1.45 and $1.60, and support at $1.2 Several top memecoins, including Dogecoin, Shiba Inu and Pepe were down on Wednesday morning. Fartcoin (FARTCOIN), which […] The post Fartcoin price warning: why this meme token could plunge 50% appeared first on CoinJournal.

May 28, 2025 - 14:00

Several top memecoins, including Dogecoin, Shiba Inu and Pepe were down on Wednesday morning.

Fartcoin (FARTCOIN), which has outperformed in recent months, mirrored the broader memecoin market trajectory with its price down 5%.

Losses for the cryptocurrency cut recent gains to just 5% over the past week and 14% over the past month.

However, gains over the past year are staggering in the last one year.

With Bitcoin still ranged near $110k and seeing notable bullish news developments, the anticipated influx of retail into altcoins remains on hold.

FARTCOIN’s price is mapping this outlook with the 24-hour trading volume spiking 12% to over $150 million to suggest increased selling.

Amid this performance, an analyst says bears could push bulls deep into the woods.

The FARTCOIN price is slightly down from highs of $1.6 reached last week, but Captain Faibik says a 50% dip is likely.

Per Captain Faibik, in a post on X, FARTCOIN has traded in a rising wedge.

However, it signals further downside breakout as the bearish impulse intensifies.

If this scenario plays out, FARTCOIN price could crash by more than 50% from current levels.

#FARTCOIN Rising Wedge Downside Breakout..✅
Expecting +50% Bearish Impulse..