Monat: Mai 2025

• Fartcoin (FARTCOIN) price was down 5% in 24 hours amid fresh profit taking.
• Analyst Captain Faibik says the memcoin could drop 50% amid a bearish impulse.
• Price faces key hurdle around $1.45 and $1.60, and support at $1.2

Several top memecoins, including Dogecoin, Shiba Inu and Pepe were down on Wednesday morning.

Fartcoin (FARTCOIN), which has outperformed in recent months, mirrored the broader memecoin market trajectory with its price down 5%.

Losses for the cryptocurrency cut recent gains to just 5% over the past week and 14% over the past month.

However, gains over the past year are staggering in the last one year.

The token currently trades around $1.35.

With Bitcoin still ranged near $110k and seeing notable bullish news developments, the anticipated influx of retail into altcoins remains on hold.

FARTCOIN’s price is mapping this outlook with the 24-hour trading volume spiking 12% to over $150 million to suggest increased selling.

Amid this performance, an analyst says bears could push bulls deep into the woods.

The FARTCOIN price is slightly down from highs of $1.6 reached last week, but Captain Faibik says a 50% dip is likely.

Fartcoin price – analyst flags potential 50% dip

Per Captain Faibik, in a post on X, FARTCOIN has traded in a rising wedge.

However, it signals further downside breakout as the bearish impulse intensifies.

If this scenario plays out, FARTCOIN price could crash by more than 50% from current levels.

#FARTCOIN Rising Wedge Downside Breakout..✅

Expecting +50% Bearish Impulse..🔜#Crypto pic.twitter.com/1xjyLHF3ty

— Captain Faibik 🐺 (@CryptoFaibik) May 28, 2025

From a technical perspective, this assessment aligns with FARTCOIN’s failure to breach the supply wall near $1.6 in recent trades.

This rejection has bears poised at $1.30, a key zone for bulls, with the above analyst’s prediction likely if this level breaks.

On the daily chart, the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD) and Awesome Oscillator signal bearish momentum.

Weakness for Fartcoin comes amid notable selling.

On May 27, Lookonchain shared details showing a trader liquidated $11.7 million in FARTCOIN and other tokens.

As well as a $6 million profit on FARTCOIN, the trader took profits of $3.3 million on ZEREBRO and $1.8 million on LAUNCHCOIN.

If Fartcoin price successfully retests the falling wedge trendline, an upside flip could see buyers target $1.8 and $2.

However, a breakdown to the key demand reload zone around $1.30, further weakness will bring $1.2 into view.

This fall will intensify if profit taking continues to dominate memecoins and altcoins.

Fresh jitters across risk assets will also accelerate the possible pullback, with dips for mega cap alts like Ethereum, XRP and Solana scenarios to watch.

The upside of this will be a return to winning ways for FARTCOIN and other memecoins.

The post Fartcoin price warning: why this meme token could plunge 50% appeared first on CoinJournal.

• Cardano (ADA) has entered into a consolidation phase as the ETF decision deadline approaches.
• ADA on-chain activity and whale accumulation remain strong.
• ADA price hinges on ETF outcome, with key support at $0.72.

Cardano price remains in a state of prolonged consolidation as the market eagerly awaits the US Securities and Exchange Commission’s (SEC) imminent decision on a spot Cardano exchange-traded fund (ETF).

Despite a 9% price surge earlier in May, ADA’s current pullback and sideways movement have cast uncertainty over its next move, especially as it trades near a critical support zone.

Contrasting on-chain metrics and technical signals

At the time of writing, ADA is hovering around $0.74, down approximately 2% in the past 24 hours, reflecting a noticeable decline in short-term momentum.

Nevertheless, the broader picture tells a story of increased investor interest and heightened on-chain activity, driven primarily by optimism surrounding the potential approval of the Grayscale ADA ETF.

As anticipation builds, the Cardano network has witnessed a marked spike in daily transactions, climbing from under 30,000 to nearly 50,000 in just a few weeks.

This growing activity on-chain has also been mirrored by an uptick in Cardano’s transaction volume, which reached an impressive $684.6 million within the past 24 hours.

At the same time, investor sentiment remains mixed, with Open Interest in ADA derivatives rising above $945 million while the funding rate dropped sharply, indicating cautious positioning among leveraged traders.

Furthermore, technical signals continue to flash warning signs as ADA trades within a triangle pattern, suggesting a potential breakout or breakdown as price volatility tightens near the apex.

Notably, the MACD crossover and the bearish histogram, signals the potential of a breakdown rather than a breakout.

Cardano price forecast

Going by the technical Cardano price analysis, close below the 200-day EMA, currently around $0.72, could trigger a more pronounced decline toward the $0.64 level, which last served as support in early May.

However, should ADA defy the bears and close above the $0.84 resistance, a run towards the $1.12 level, last seen in December, could quickly materialise.

Adding to the intrigue is the recent launch of Bitcoin DeFi on the Cardano blockchain, a development that has further expanded the network’s utility and may help sustain investor interest beyond the ETF hype.

Charles Hoskinson, Cardano’s founder, has celebrated the integration as a milestone in blockchain interoperability, emphasising the network’s capacity to bridge Bitcoin’s security with Cardano’s advanced smart contracts.

With Bitcoin holders now able to participate in lending, borrowing, and yield farming directly on Cardano, the ecosystem is expected to attract more liquidity and a broader user base in the coming months.

Even so, the number of active Cardano investors has recently declined, with data from Artemis showing a steep drop from over 60,000 to just above 20,000 addresses, raising concerns about waning participation.

This decrease in active users coincides with bearish indicators in the futures market, including a Taker Buy/Sell Ratio below 1, which underscores prevailing sell pressure.

However, spot market activity remains somewhat supportive, as substantial ADA outflows from exchanges point to growing accumulation and long-term holding among retail and whale investors alike.

In fact, over $57 million worth of ADA has left centralised platforms over the past week, marking the largest net outflow since early March and hinting at strengthening bullish conviction.

Still, ADA finds itself wedged between significant liquidity levels near $0.74 and $0.78, creating a narrow range in which the next decisive price move could swing dramatically in either direction.

As the May 29 SEC deadline approaches, the market appears to be at a crossroads, with either approval or delay likely to determine ADA’s short-term trajectory.

If the ETF is approved, Cardano could quickly challenge the psychological $1 resistance, particularly as whales continue to accumulate and developers ramp up activity on-chain.

However, a rejection or further delay may reverse recent transaction gains and reintroduce selling pressure, especially in the absence of immediate bullish catalysts.

Ultimately, Cardano’s future now hinges on both regulatory clarity and its ability to convert heightened interest into sustained ecosystem growth.

The post Cardano (ADA) holds steady for second week: will it break out or break down? appeared first on CoinJournal.