FARTCOIN Price Drops as Profit-Taking and Liquidation Pressure Mount

FARTCOIN has retreated from its recent high of $0.20 after a 17% weekly rally, which is now facing profit-taking and liquidation pressure.

The token's price dropped abruptly as sellers took advantage of the recovery, with seven large wallets suffering liquidations worth over $12 million within just five minutes.

The sudden drop was likely due to traders locking in their weekly gains, although the weekly recovery had not yet fully faded. The price remains above the crucial support level of $0.12082 that anchored FARTCOIN's August recovery.

Binance top traders have maintained a bullish bias despite the price decline, with long positions accounting for 66.7% and short positions at 33.3%. However, this heavy exposure to the market also increases the risk of liquidation if FARTCOIN's price continues to drop.