Today's largest fall in Crypto Assets price predictions: FARTCOIN, JUP, PUMP lead the pullback, expanding losses within the fall channel.

As Bitcoin (BTC) has once again fallen into a retracement, Fartcoin (FARTCOIN) has incurred double-digit losses, testing the 100-day EMA. Jupiter (JUP) failed to maintain above the 200-day EMA, erasing Sunday’s gains. Due to the prevailing bearish momentum, PumpFun (PUMP) has widened its losses within the descending channel.

As selling pressure increases, FARTCOIN faces the risk of falling below 1 dollar

As of Tuesday (July 29), the price of FARTCOIN has slightly decreased, falling nearly 14% on Monday, testing the 100-day moving average. With the Relative Strength Index (RSI) at 42, breaking below the midline, indicating a surge in selling pressure, this meme coin carries the risk of continuing its downward trend.

Due to the moving average convergence divergence (MACD) indicator showing a strong red histogram bar rising below the zero line, indicating an increase in bearish momentum, investors must lower their reversal expectations.

The 61.8% Fibonacci level of the psychological price level of 1.00 USD (from 2.74 USD on January 19 to 0.19 USD on March 10) constitutes a key support for this meme coin. If the final closing price falls below this level, it may continue to decline to the 200-day moving average (EMA) at 0.95 USD, followed by a drop to the 50% Fibonacci level (EMA) at 0.73 USD.

On the other hand, the rebound may test the 50-day EMA at $1.24.

(Source: Trading View)

The target of JUP is to fall to the 100-day EMA

The price of JUP from Jupiter has slightly fallen by nearly 1%, continuing the decline of 7% on Monday. JUP has failed to overcome the selling pressure above the 200-day moving average, leading to a decline after reaching a high of 0.6339 USD last week.

The path of least resistance will guide altcoins towards the 100-day EMA of $0.5100.

The MACD indicator broke below the signal line on Monday, marking a shift in trend momentum to bearish. However, the RSI indicator remains above the midpoint at 52 and is trending downwards, indicating that buying pressure is decreasing.

To solidify the upward trend, JUP must reclaim the 200-day EMA and break through the resistance level of $0.6339.

(Source: Trading View)

PUMP continues the bearish pattern, targeting psychological support levels

The PUMP continues to fall within a descending expanding wedge pattern formed by two diverging descending trend lines on the 4-hour chart below. At the time of writing, the meme coin Launchpad token has fallen nearly 2% on Tuesday, marking its third consecutive day of decline.

As the selling pressure increases, PUMP approaches the $0.002300 level marked on Friday, with an RSI of 34, nearing the oversold boundary on the 4-hour chart.

Investors must pay attention to the MACD approaching its signal line, as a crossover will issue a sell signal.

A bearish closing price below 0.002300 USD may expand the drop to the psychological level of 0.002000 USD, which aligns with the S2 pivot level.

On the other hand, the reversal of the PUMP must break through the upper trend line of 0.002650 USD in order to invalidate the bearish trend. In this case, the upward trend may aim for the level of 0.002800 USD tested last Friday.

(Source: Trading View)