Technical analysis by taika808 about Symbol FARTCOIN: Sell recommendation (8/4/2025)

FARTCOIN appears to be running out of steam after its impressive rally from the March lows. The chart shows a clear breakdown from the ascending trendline support that had been holding since early 2025. Key Technical Signals: Price has broken below the major ascending trendline RSI shows declining momentum, failing to maintain bullish territory Recent price action suggests exhaustion after the parabolic move Bearish Setup: A potential decline toward the green support zone around $0.40-$0.50. This represents the previous consolidation area that could act as strong support. Risk Considerations: Meme coins can be highly volatile and unpredictable Any sudden narrative shift could invalidate the bearish thesis Stop loss above the broken trendline would be prudent