Can Fartcoin carry $ 0.90? If not, what comes after that? star-news.press/wp

Main meals

Fartcoin fell to $ 0.93, facing resistance at $ 1.32 and $ 1.40. Open attention decreased, and the growth of the network decreased, which increased the risk of negative additions.

Since mid -August, Fartcoin (Fartcoin) It was under the pressure of continuous sale, as traders showed caution because the technical indicators and the chain had placed a sign of weakness through the sessions.

Memecoin has decreased by 10 % in the past 24 hours, as it has been traded at $ 0.93, at the time of the press, after slipping without a $ 1 sign. This decline reflects the increasing frequency of buyers and reduces appetite for risks in the broader encryption market.

Moreover, trading sizes slowed, confirming a weak condemnation between the bulls.

Fartco Price Action Action is similar to the main levels of Fibonacci

Fartcoin continued the struggle near the support zone from 0.90 to $ 0.95 after repeated rejection at the top levels of the Vibonacci higher.

The resistance remained about $ 1.32 and $ 1.40 uninterrupted, highlighting the continuous sale pressure.

Moreover, at the time of the press, the RSI index sat near 42, indicating twice the momentum on the purchase side.

After saying this, the monotheism near this support suggested that the decisive step may appear soon.

It is possible that a collapse less than $ 0.90 will accelerate losses, while defending this level can open the door for a temporary apostasy.

Source: TradingView

The open interest decreases while the pants remain in control

Derivatives Market data Reward the declining bias.

At the time of this report, the open interest (OI) decreased by 8.29 % to 724.56 million dollars, reflecting the decrease in the participation of traders and the disappearance of speculative appetite.

This decline showed that the market participants were closing positions instead of opening new posts.

Moreover, the long/short percentage sat at 0.88, with 46.9 % of the short versus 53.1 %, confirming that the sellers took control.

Source: Coinglass

The growth of the FARTCOIN network and social domination are more weakening

The scales on the chain emphasize the downward expectations, with the growth of the network to 201 new address on August 16, a sharp drop in levels above 12,000 in July.

This sharp decrease highlights adoption of adoption and reduce the user’s participation.

At the same time, social domination has decreased to 0.096 %, much lower than its highest levels in late July by 0.35 %, reflecting the decrease in the size of the discussion for other cryptocurrencies.

Source: Santime

Can Fartcoin avoid a deeper collapse?

Fartcoin continues to struggle under weak technical momentum, declining interest, and decreased network participation.

Unless buyers can restore the main resistance levels and the activity on the chain shows signs of recovery, the distinctive symbol remains at risk of completing its current support.