Fartcoin Price Struggles as Solana Meme Coin Falls Below $0.30, Key Support Lost for Bulls

Fartcoin Price Decline: Fartcoin's price dropped approximately 20% in the last 24 hours, falling below $0.30 and marking a 68% decline over the past year amid increased selling pressure in Solana-based meme coins.

Increased Trading Activity: Trading volume surged by 28%, reaching about 43% of Fartcoin's market cap, indicating significant market activity and potential panic selling.

Technical Analysis Insights: Technical charts reveal that Fartcoin faced resistance at a key level, with a risk of further declines if it breaks below current support levels, while a rebound could reset its trading range.

Market Context: Fartcoin's recent decline was notably worse than the average loss among other Solana meme coins, highlighting a challenging environment for the asset in the current market.