Fartcoin Plummets 40% in a Month; Technicals Signal Further Decline

The Fartcoin price has experienced a sharp and sustained decline, falling approximately 40% in a month. Recent technical analysis reveals concerning signs of further bearish pressure. The daily chart shows a clear downward trend, with the token trading below its key moving averages (50-day and 200-day). This suggests a significant shift from the previous bullish momentum, marked by the loss of both short-term and long-term support levels.