Fartcoin Breaks Out of Wedge, Faces Potential 50% Decline

Fartcoin has broken out of a rising wedge pattern, leading to a significant price surge of 20%. However, the cryptocurrency faces the potential for a sharp 50% decline as traders anticipate a drop below key support levels. Key indicators and analysis indicate bearish momentum. 12-hour chart data shows a clear downward trend after Fartcoin cleared the bottom of the wedge at approximately $1.50 before dropping to near $1.14. This shift in price action suggests further downside movements, with analysts projecting a drop of nearly 50% to reach around $0.70.