Memecoin watch: Fartcoin faces 8% pullback, Floki holds gains, SHIB lags in momentum
The meme coin market is seeing diverging trends, with Floki maintaining recent gains, Fartcoin slipping after a strong run, and Shiba Inu showing weaker momentum.
Short-term expectations for each memecoin are being shaped by retail interest, whale behavior, and ecosystem growth, even though market activity has generally decreased for the majority of altcoins.
Fartcoin ( FARTCOIN ) is trading at $1.08 at press time, down more than 8% over the last day, but its trading volume has sharply increased by 78%, reaching $247 million. This jump in activity suggests increased trading interest, though price action points to near-term pressure.
On the technical side, Fartcoin is moving toward the mid-band support around $1.06 after testing the upper Bollinger Band at $1.25. The lower band boundary, at about $0.88, is the next crucial support if that level breaks. The RSI is hovering just below 50, indicating a lack of strong momentum in either direction.
Fartcoin price analysis. Credit: crypto.news
Even though higher trading volume can occasionally indicate accumulation, the recent rejection from resistance and the move lower on expanding volume may indicate distribution. Since Fartcoin is still trading in a small weekly range between $1.01 and $1.26, traders may wait for a clear breakout or breakdown before committing to a position.
At $0.00008439, Floki ( FLOKI ) is up 15% over the last week but down 0.3% over the last day. Strong social traction and whale interest have kept sentiment around Floki bullish despite a sharp 46% decline in trading volume.
Santiment data shows that Floki’s social volume and dominance recently reached their highest points since March, indicating a resurgence of retail interest and possible FOMO. According to on-chain data , exchange balances have continued to decline, reaching 1.93 trillion tokens, the lowest level since August 2023. This shows that investors are choosing to hold rather than sell.
On the technical side, Floki is trading close to the upper Bollinger Band at $0.0000852 and above both its 10-day and 20-day moving averages. The price may move higher if it closes above this level, with resistance at $0.00009. With an RSI of 56, the market is moderately strong but not overbought.
FLOKI price analysis. Credit: crypto.news
At $0.00001178, Shiba Inu ( SHIB ) is down 0.2% from the previous day and is not moving much overall. It has fluctuated between $0.00001115 and $0.00001212 over the last week, and the 24-hour volume has decreased by 15.5% to $119 million, indicating a decline in market interest.
SHIB is having trouble rising above the 50-day moving average and mid-Bollinger Band, both converging around $0.00001150. The RSI is close to 49, indicating that buyers or sellers are unsure and lack conviction.
Shiba INU price analysis. Credit: crypto.news
Price may return to the $0.00001085–0.00001100 support zone if it stays capped below $0.00001212. When it comes to holder profitability, SHIB lags behind both Dogecoin ( DOGE ) and Floki.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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