American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Fartcoin price is rising: here’s why this Solana meme coin could double

by admin April 8, 2025
April 8, 2025
Fartcoin price is rising: here’s why this Solana meme coin could double

Fartcoin price held steady on Tuesday as it became the best-peforming top-100 cryptocurrency token. The token jumped by over 25%, reaching a high of $0.6040, its highest level since March 26, and 200% above the lowest level in March. It has become the best-performing Solana meme coin.

Fartcoin price technical analysis

The 4H chart shows that the Fartcoin token has held steady in the past few weeks even as other cryptocurrencies rebounded. It shows that the token initially peaked at $0.7153, where it failed to move above on February 11 and March 26, 

Fartcoin has formed a cup and handle pattern, a popular bullish continuation sign comprising of a rounded bottom and some consolidation. The recent pullback is part of the formation of the handle section. 

The token has held steady above the 50-period exponential moving Average (EMA), a sgn that bulls are in control. All oscillators like the Relative Strength Index (RSI) and the MACD indicators have all pointed upwards. 

Therefore, the combination of a cup and handle pattern, trend indicators, and oscillators means that the Fartcoin price is on the verge of a strong bullish breakout. The initial target for the meme coin is $0.7153, the upper side of the cup. 

A break above that level will bring the next Fartcoin price target at $1.1645, the 38.2% Fibonacci Retracement point, which is about 100% above the current level. It will then hit the next crucial target at $1.2285, which is derived from measuring the depth of the cup and then measuring the same distance from the upper side.

The bullish Fartcoin price forecast will become invalidated if it drops below the crucial support level at $0.355, the lowest swing on April 3. 

Fartcoin price chart | Source: TradingView 

Potential catalysts for the Fartcoin token

There are several potential catalysts that may push th Fartcoin much higher in the near term. First, the token may benefit from the general crypto market rally that may happen after the recent tariff-related panic. History shows that these panics, which trigger the fear and greed index to crash, lead to higher crypto prices over time.

For example, the rally happened after the COVID-19 pandemic when most analysts expected the world to end literally. After the initial crash, Bitcoin and most altcoins surged to their record highs.

There are two potential macro catalysts for this: Trump is open to negotiate about trade and the Federal Reserve may intervene by cutting interest rates and implementing quantitative easing policies. 

Second, unlike many other Solana meme coins, Fartcoin has a cultic following, which explains why the number of holders has risen to over 150,000. Many of the top profit leaders in the past few weeks continue to hold the token, a sign that they expect it to keep rising. There are also signs that whales are accumulating the token.

Third, Fartcoin has unlocked all its tokens, meaning that there will be no token unlocks, which dilute existing holders. Many other popular meme coins have large planned unlocks that will dilute existing token holders. 

The post Fartcoin price is rising: here’s why this Solana meme coin could double appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Solana price prediction: is it a good buy as Janover starts buying?
next post
Crypto prices crash as investors shift to viral pepeX

Related Posts

Gwen Preston: Gold Gearing Up for Next Move,...

February 2, 2024

USD/CHF technical analysis: why the Swiss franc surge...

May 8, 2025

LME Sanctions on Russian Metal Push Copper, Nickel...

April 17, 2024

USD/ZAR: South African rand outlook before SARB decision

May 27, 2025

Canadian Investment Regulatory Organization Trade Resumption – STS

May 7, 2024

USD/INR outlook: how low can the plunging Indian...

December 30, 2024

Jasmy price analysis as crypto pro sees a...

November 24, 2024

PLTR stock is soaring: but is Palantir really...

February 7, 2025

Peter Krauth: Silver in New Territory, Worst-case Scenario...

June 7, 2024

Falco Resources: Canadian Explorer in the Rouyn-Noranda Mining...

April 27, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Why India’s gold demand is expected to dip this festive season

      September 15, 2025
    • Oil jumps 2% as OPEC agree to smaller output hike for October, sanction threats looms

      September 8, 2025
    • Weekly recap: tech titans woo Trump, Xi’s political theatre, Starmer’s reshuffle

      September 7, 2025
    • Trump reaffirms backing for Robert Kennedy amid vaccine policy turmoil

      September 7, 2025
    • South Korean president promises aid to citizens held in US immigration raid

      September 7, 2025

    Categories

    • Business (3,954)
    • Investing (2,864)
    • Latest News (2,059)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved