FARTCOIN plummets 21% as outflows and bearish sentiment intensify

FARTCOIN has fallen 21% in the last 24 hours amid a sharp decline in investor sentiment and significant outflows from both the spot and derivatives markets. According to CoinMarketCap's Community Sentiment data, the percentage of bullish investors has dropped to 62.5%, down from a high of 70% on August 6, among 13.7 million participants [1].

CoinGlass reported a $91 million net outflow, with open interest (OI) in derivatives contracts dropping over 12% to $743 million [1]. This decline reflects a broader loss of confidence, with $10.55 million in positions liquidated and an additional $3.5 million in spot positions closed. These movements indicate a significant shift in investor interest, with many moving their capital elsewhere [1].

AMBCrypto noted a potential reallocation of liquidity from FARTCOIN to PUMP, as recent chart patterns show divergent price movements between the two assets. While FARTCOIN has declined, PUMP has seen a rally, suggesting a possible inflow into the latter [1]. However, on-chain data has yet to confirm this shift, and the trend remains unverified.

Despite the bearish momentum, FARTCOIN could still experience a rebound if it holds within a key demand zone between $0.8070 and $0.9063. This level has historically acted as a catalyst for gains on four separate occasions [1]. A break below $0.8070, however, would likely weaken the case for a recovery. Moreover, the most recent attempt to trade within this range on August 2 yielded the smallest gains, indicating that much of the demand may already be exhausted [1].

Technical indicators also point to continued downward pressure. The Relative Strength Index (RSI) is currently at 36.31, and the Moving Average Convergence Divergence (MACD) is at -0.0805, both in bearish territory [1]. A return of RSI toward the neutral 50 level or a dip below 30 into oversold territory could signal a potential recovery. Similarly, a positive crossover in the MACD would strengthen the case for a bullish reversal [1].

A separate analysis from Bitget outlines a base case price range of $3.2 to $3.9 for FARTCOIN, assuming continued buyer support at the $3.2–$3.3 demand zone and steady spot inflows [2]. However, the firm acknowledges that price recovery would depend on renewed demand from sources beyond the existing community [3].

Source: [1] FARTCOIN drops 21% – Why price recovery hinges on THIS demand zone (https://ambcrypto.com/fartcoin-drops-21-why-price-recovery-hinges-on-this-demand-zone/)

[2] Fartcoin price prediction chart for 2025 and beyond (https://www.bitget.com/price/fartcoin/price-prediction)

[3] FART COIN (FRTC) Prognose (https://www.bitget.com/de/price/fart-coin/price-prediction)