FARTCOIN’s Plunge: A Tale of Bulls, Bears, and Flatulent Dreams

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Ah, the sweet aroma of financial despair! FARTCOIN [FARTCOIN], that gaseous giant of the crypto realm, has let out a rather noxious burp, dropping over 12% in the last 24 hours. The broader crypto market, ever the sensitive soul, declined by a mere 4%, but FARTCOIN-oh, it had to outdo them all.

The memecoin sector, that circus of digital absurdity, slipped by 2%, even as trading volume rose 31%. Yet, amidst this chaos, a few memecoins clung to life, particularly those with the AI narrative. FARTCOIN, alas, had such a narrative but lacked the substance of a well-cooked borscht. Real-world utility? Ha! It’s as useful as a one-legged chair in a dance competition.

Why, then, did this memecoin deflate like a punctured balloon? And can the bulls, those poor deluded creatures, step in to reverse this tragicomic farce?

The Four-Month Support Cracks-A Tragic Opera in Three Acts

Since the 10th of October, when the market crashed with the elegance of a falling grand piano, FARTCOIN has been in a sideways waltz. It created a low at $0.0933, a level it has not revisited-until now, perhaps. The bulls, ever optimistic, erected a support level at $0.2145, defending it with the fervor of a cat guarding its last saucer of milk. Each time the price approached, they pushed it toward the $0.4664 zone, like a jester trying to keep the king amused.

But February, that cruel month, brought a change. The price fell below the 4-month support level, and the bears-those ravenous, relentless creatures-overpowered the bulls. The $0.2145 level was breached, and with a retest, the bear trend was confirmed. The bulls’ strength, once as robust as a Cossack’s mustache, had faded completely, as seen in the MACD bars. Yet, they reacted aggressively when the price hit $0.0933 previously. Will this area hold for a rebound, or will FARTCOIN continue its descent into the abyss?

Derivative positioning, that dark oracle of market sentiment, reinforced the weakness. The Long/Short Accounts metric showed 54.25% of accounts positioned short, versus 45.75% long. An imbalance, you say? Nay, it was a declaration of bearish dominance, as clear as a vodka shot on a frosty morning.

Leveraged Short Orders: The Final Nail in FARTCOIN’s Coffin

Apart from its weak structural outlook, leverage played a key role in FARTCOIN’s price decline. The cumulative long and short liquidation leverage showed bear dominance. On all exchanges, the shorts accounted for about $4 million, more than 4 times that of the longs at $802K. Most of the shorts were added around $0.17 to $0.18, where 50X leverage orders topped, followed by those of 25X. And at the current price levels around $0.15, more 50X leverage orders were being added, like vultures circling a dying beast.

The data revealed that most of the leverage was on the Hyperliquid [HYPE] exchange. Cumulative Short Liquidation Leverage stood at $58.28 million, according to CoinGlass. This meant about 65.09K FARTCOIN had been shorted, roughly 3 times those that had been bought. A grim picture, indeed.

FARTCOIN Holders: A Dying Breed

On-chain data, that unforgiving mirror, showed that holders were losing confidence in the memecoin. Holders declined from a high of 160.95K to 160.86K, where it has remained this February. The lack of growth was as telling as a silent yawn in a crowded room-traders had no interest in this flatulent folly.

Thus, the anticipated reversal at $0.0933 may follow the drain if this trend continues. FARTCOIN remains bearish until a market structure break occurs-a break as unlikely as a polite conversation in a Moscow traffic jam.

Final Summary

  • FARTCOIN lost its four-month support level after a 12% plunge in 24 hours-a fall as graceful as a drunkard on ice.
  • Leveraged short positioning and flat holder growth reinforced bearish pressure, like a chorus of doom in a tragic opera.

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2026-02-23 13:21