- Fartcoin hit an ATH of $1.45 before correcting to $1.36, showing strong bullish momentum.
- Fartcoin’s $1.36B market cap now exceeds KuCoin Token (KCS), Brett (BRETT), and Pyth Network (PYTH).
Cryptocurrency enthusiasts have often faced skepticism from traditional investors, especially when it comes to the rise of meme-based digital currencies. However, the latest trend in the crypto world is making waves, and it’s all about memecoins—one such meme coin, Fartcoin (FARTCOIN), which started as a joke, is making a surprising splash. With a market cap of almost $1.36 billion, it now surpasses several well-known cryptocurrencies, including Kucoin Token (KCS), Brett (BRETT), and Pyth Network (PYTH).
Fartcoin was created on the Solana blockchain in October 2024. This quirky cryptocurrency was initially priced at $0.00005908. By November, it surged past $0.02, achieving a market cap of $22 million. On December 19th, the token crossed the $1 billion market cap milestone for the first time. The day after it reached an all-time high (ATH) of $1.30, but its value soon halved over the subsequent days.
Today once again the memecoin crossed $1 billion in market cap and hit an all-time high of $1.45 before dipping slightly to its current value.
Fartcoin Price Analysis: Key Levels and Market Momentum
At the time of writing, FARTCOIN priced at $1.36 with a market cap of $1.35 billion. Over the past 24 hours, Fartcoin has rebounded by 61%, from the low of $0.90. Additionally, its trading volume has spiked significantly over 150%, reflecting strong market activity and optimism.
In the FARTCOIN/USDT 4-hours chart, the technical indicators suggest the rally may continue. It is currently trading well above its 50-day SMA, signaling a potential for more short-term gains. The RSI stands at 68, signaling room for growth before entering overbought territory.
Additionally, its price remains above the middle Bollinger Band, indicating strong bullish momentum. However, the gradient of the line suggests that a slight correction could be on the horizon, as the token nears overbought territory.
Based on the current technical indicators, the next potential target levels for Fartcoin (FARTCOIN) could be as follows:
- Immediate Resistance: $1.45 (recent ATH)—This is the first key level to watch. Breaking past this resistance could confirm further upward momentum.
- Short-Term Target: $1.50—a psychological level that could act as a magnet for bullish sentiment if $1.45 is breached.
- Extended Target: $1.65—A Fibonacci extension level that aligns with strong bullish continuation trends.
If Fartcoin fails to hold above the $1.30 support, a retracement could test:
- Support Level 1: $1.25—the middle Bollinger Band and a potential consolidation zone.
- Support Level 2: $1.10—A previous key support area during the rally.
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