Fartcoin’s price has experienced a significant decline, dropping by over 8% and currently trading at a low of $0.9763. This follows a bearish start to the day, with global market caps only achieving a modest recovery, increasing by 2.69% to reach $3 trillion. While Bitcoin and Ethereum attempt to escape a bear trap, Fartcoin has faced substantial losses. The asset experienced a high of $1.11 in early trading, but gradually fell due to bearish pressure. With a market cap of $992 million, daily trading volume exceeding $221 million is also noteworthy, alongside $4.15 million in Fartcoin liquidations. 80% increase in trading volume points towards a surge in activity. 8% decrease in price over the past day has led to questions about Fartcoin’s long-term prospects. While it has seen gains of around 94.5% since its initial launch, the asset hasn’t been able to sustain this momentum and now trades at the current level of $0.9763. The four-hour chart exhibits a downward trend, with potential for further decline toward support levels below $0.96 if the bearish trend continues. 8% drop suggests that Fartcoin may be in a downtrend, according to technical analysis reports. This could result in a death cross and lower price targets. If the bulls take over, breaking through resistance at $1.14 might occur. A successful breakout may then push prices towards the $1.26 level, followed by a potential golden cross.