Fartcoin Explodes 18% to $0.86, Eyes $1 Billion Market Cap: Bullish Technicals and Analyst Predictions Fuel Rally
Solana-based memecoin Fartcoin (FARTCOIN) is experiencing a remarkable surge, climbing over 18% in the past 24 hours to trade around $0.86.
Live SOL/USD Chart
Solana-based memecoin Fartcoin (FARTCOIN) is experiencing a remarkable surge, climbing over 18% in the past 24 hours to trade around $0.86. This impressive rally builds upon a phenomenal week, with Fartcoin outperforming the broader cryptocurrency market by a staggering 104%.
Fueled by bullish technical formations, strong community engagement, and optimistic price predictions, Fartcoin is rapidly gaining traction and setting its sights on achieving a $1 billion market capitalization.
FARTCOIN Technical Analysis Points to Continued Upside Potential
Several technical indicators point to Fartcoin’s positive trend suggesting it might continue in the next weeks. Supported by the 50-period and 200-period exponential moving averages, the token has effectively broke out from a bull flag formation on the four-hour chart.
Currently hovering at 66, the Relative Strength Index (RSI) shows great momentum while still allowing opportunity for expansion before officially reaching overbought circumstances at the 70 mark. With immediate pricing targets at $0.95, this breakout shows a possible movement toward the psychologically critical $1 level.
Analysts have also found a textbook inverse head and shoulders pattern on the 12-hour period, which usually indicates a trend reversal following protracted declines, further bolstering the optimistic thesis. Should the pattern follow expectations, this development points to a possible upside objective of $1.96.
“The rounded base and symmetric breakout resemble classical accumulation and trend reversal behavior,” crypto researcher Nikola Lazic said. With the next major level at $1.16, Fibonacci retracing levels drawn from the previous high ($2.72) to the local bottom ($0.20) place current resistance at $0.80.
Fartcoin’s Trading Volume Surpasses Established Tokens
The remarkable trading volume of Fartcoin’s surge is among its most arresting feature. FARTCOIN reported over $446.84 million in trade volume over the past 24 hours, much above accepted memecoins including Bonk ($129.85 million) and even Shiba Inu ($319.43 million).
From a $300 million to $3 billion market capitalization in 2023–2024, market researcher @theunipcs observed that Fartcoin is displaying trends akin to those of past Pepe’s spectacular rise. Amazingly, this volume explosion has happened even without Fartcoin on main exchanges such Binance, Coinbase, Bybit, Upbit, and OKX.
Though Trump has larger reported trading volume at $656.78 million, on-chain data shows that Fartcoin is processing almost twice the amount in real transactions compared to rival Solana memecoin SOLD, implying stronger engagement and value notwithstanding Trump.
Concentrated Ownership Raises Risk Concerns
Although the price performance of the token is outstanding, several analysts have expressed worries on its holder distribution. As of April 10, Fartcoin boasts just 135,654 holdings—less than a fourth of Official Trump’s (TRUMP) 638,350 holders according to SOLSCAN data. This concentrated ownership implies that rather than general retail involvement, the recent increases could have resulted from a limited group of significant investors.
Analyst Yashu Gola said “FARTCOIN carries severe selloff risks should a small portion of investors decide to secure their profits,” stressing the possible fragility in the token’s market structure.
What’s Next for Fartcoin Price?
The rise of fartcoins contrasts with changing market mood in response to tariff announcements made by U.S. President Donald Trump. While surpassing the wider crypto market which gained just 11.55% in the same period, the token has showed amazing resilience increasing 60% when Trump suspended tariffs for non-retaliating nations.
Given its market capitalization of presently around $740 million, experts predict that, should present trend continue, Fartcoin could soon aim for the $1 billion level. Resistance zones span $0.86, $0.96, and $1.15; key support levels have been found at $0.64 and $0.572.
Analysts advise traders wishing to profit on Fartcoin’s momentum to keep an eye on these important price levels and exercise caution over possible temporary declines in the 3–5% area before the next leg up.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Comments
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals