- Fartcoin drops 10.62% post-Binance.US listing despite high trading volume surge
- Technical indicators show weak bullish signals and suggest market indecision persists
- Analysts forecast Fartcoin to drop to $0.924–$0.953 by year-end amid volatility concerns
Fartcoin (FARTCOIN), a Solana-based meme coin with strong roots in internet humor, has officially made its debut on the Binance.US exchange. The listing, however, was met with significant volatility and selling pressure, as the token’s price dropped over 10% in its first day of trading.
Deposits for the token are now open. Trading for the FARTCOIN/USDT pair commenced at 7 a.m. EDT on June 18.
Market Volatility Marks Fartcoin’s Debut
Fartcoin entered the market trading around $1.24 and briefly surged past $1.30. However, it soon reversed course and declined sharply. The price currently sits at $1.12, reflecting a daily loss of 10.62%. This downward shift indicates early profit-taking or weak bullish momentum.
The price action shows a strong resistance between $1.30 and $1.32, which served as the reversal point. Another resistance zone lies at $1.24, marking the initial support turned resistance after the dip.
Support levels are now forming between $1.10 and $1.12. If bearish pressure continues, the next psychological floor of $1.00 may be tested.
Technical Indicators Signal Caution Despite High Volume
Despite the price drop, trading activity has been extremely high. The 24-hour trading volume for FARTCOIN has surged to $373.2 million, a 66% increase. This suggests that heightened speculative interest accompanied the coin’s novelty and the Binance.US listing.
Looking at the technical side, the MACD shows slight bullish momentum, but not enough to confirm a trend reversal. The MACD line is just above the signal line, and the histogram is barely positive.
Meanwhile, the RSI stands at 47.31, indicating neutral market sentiment. Neither overbought nor oversold, the indicator reflects indecision among traders.
Related: FARTCOIN Whale Cashes Out $4.7M: What’s Next After the Big Sell-Off?
Despite its playful brand, Fartcoin’s fundamentals are still unproven. The project’s profile score of 48% points to several possible concerns, including volatility and lack of historical performance. However, with a market cap of $1.12 billion and nearly the full supply already circulating, liquidity does not appear to be a concern for now.
Year-End Forecast Remains Bearish
Coincodex analysts predict a price range of $0.924 to $0.953 by December 2025.
Related: Fartcoin Surge: Whale Re-Buys, Record Futures, and Coinbase Listing Set Stage for Growth
This would represent an 18% drop from current levels. Investors could still see modest gains if the coin rebounds short term, especially if it reclaims the $1.24 resistance.
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