Fartcoin (FARTCOIN) is currently trading at $0.184483, reflecting a significant decline of 14.83% over the last 24 hours. The daily price range has been tight, between a high of $0.220029 and a low of $0.165423, indicating heightened volatility amid bearish market sentiment.

The volume of 118,061,847 is substantial, equating to 63.92% of the market cap, suggesting that traders are actively participating despite the price drop. The short-term moving averages indicate a bearish trend, with the 8 SMA at $0.1890 showing a decrease of 2.38%, and the 55 SMA at $0.2118 down 12.89%, reinforcing the downward momentum.

The Relative Strength Index (RSI) signals oversold conditions with an hourly RSI of 20, while the 7-day RSI at 40 indicates a potential for further downside. Price changes over varying periods demonstrate a troubling trend: a 29.79% drop over the last week, 37.69% over the past 14 days, and a staggering 60.19% over the past 30 days, which could discourage new investors.

With the all-time high at $2.48, the current price indicates a significant loss in value, suggesting a potential long-term bearish outlook. The ongoing decline in price and the weak RSI indicate that Fartcoin may not be able to recover in the near term.

Given the prevailing bearish trends, lack of support from moving averages, and the oversold RSI, a Sell rating is warranted. Investors should consider exiting their positions until clearer bullish signals emerge or until the price stabilizes above key moving averages.