- 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 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.
The token currently trades around $1.35.
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.
Fartcoin price – analyst flags potential 50% dip
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..🔜 #Crypto pic.twitter.com/1xjyLHF3ty
— Captain Faibik 🐺 (@CryptoFaibik) May 28, 2025
From a technical perspective, this assessment aligns with FARTCOIN’s failure to breach the supply wall near $1.6 in recent trades.
This rejection has bears poised at $1.30, a key zone for bulls, with the above analyst’s prediction likely if this level breaks.
On the daily chart, the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD) and Awesome Oscillator signal bearish momentum.
Weakness for Fartcoin comes amid notable selling.
On May 27, Lookonchain shared details showing a trader liquidated $11.7 million in FARTCOIN and other tokens.
As well as a $6 million profit on FARTCOIN, the trader took profits of $3.3 million on ZEREBRO and $1.8 million on LAUNCHCOIN.
If Fartcoin price successfully retests the falling wedge trendline, an upside flip could see buyers target $1.8 and $2.
However, a breakdown to the key demand reload zone around $1.30, further weakness will bring $1.2 into view.
This fall will intensify if profit taking continues to dominate memecoins and altcoins.
Fresh jitters across risk assets will also accelerate the possible pullback, with dips for mega cap alts like Ethereum, XRP and Solana scenarios to watch.
The upside of this will be a return to winning ways for FARTCOIN and other memecoins.
