Fartcoin has broken down over 20% from recent levels, with technical indicators suggesting further downside pressure ahead. The key observation here is the failure to close above critical resistance levels on the daily timeframe—a bearish signal that reinforces the near-term weakness. Based on the price action pattern, there's still room for continued decline before finding meaningful support. Traders should monitor whether daily closes can reclaim this zone; failure to do so would confirm the bearish scenario.