Fartcoin rallies 104% in a week — Will Solana (SOL) price catch up?

1 week ago

Solana-based memecoin Fartcoin (FARTCOIN) has outperformed the broader crypto market truthful acold successful April, rising implicit 104% versus SOL being down 2% for the week. As of April 10, it was trading for arsenic precocious arsenic $0.87.

The cryptocurrency’s outperformance appears contempt US President Donald Trump’s seesaw tariff announcements that person wiped astir $160 cardinal from the crypto marketplace capitalization successful April.

FARTCOIN has outperformed adjacent different memecoins wrong the Solana ecosystem, the superior being Official Trump (TRUMP), which has dropped by astir 25% successful April.

As it seems, the third-largest Solana memecoin could emergence different 30% successful April owed to a classical bullish continuation setup.

FARTCOIN bull emblem hints a caller highs

FARTCOIN’s bullish method outlook arises from its prevailing bull flag setup.

On April 10, FARTCOIN was breaking retired of the transmission scope to the upside.

This inclination projects a imaginable determination toward $0.95—just nether the psychologically important $1 mark—by April.

The comparative spot scale (RSI) is hovering successful bullish territory supra 66, suggesting there’s inactive country for further gains earlier entering overbought conditions supra the 70 mark.

Additionally, FARTCOIN’s terms is gaining enactment from its 50-4H (red) and 200-4H (blue) exponential moving averages (EMA). As agelong arsenic Fartcoin stays supra them, the bull emblem breakout whitethorn play retired successful full, perchance resulting successful a rally to $0.95.

FARTCOIN mimicks Pepe’s way to a $3 cardinal marketplace cap

Fartcoin is showing the aforesaid signs that preceded Pepe’s (PEPE) explosive run from astir $300 cardinal to implicit $3 cardinal successful marketplace headdress successful the 2023-2024 period, according to marketplace expert @theunipcs.

“I'm talking $300m to $500m successful regular [spot] volume,” the expert wrote astir Fartcoin portion mentioning its lack astatine Binance, Coinbase, Bybit, Upbit, and OKX exchanges.

In the past 24 hours, FARTCOIN’s measurement has been implicit $446.84 cardinal versus Bonk’s (BONK) $129.85 cardinal and Shiba Inu’s (SHIB) $319.43 million, according to information assets CoinMarketCap.

Meanwhile, Fartcoin is going head-to-head with TRUMP, which posted astir $661.78 cardinal successful trading measurement implicit the past 24 hours.

However, onchain information reveals that Fartcoin is processing astir treble the worth successful existent transfers, suggesting deeper engagement and inferior contempt TRUMP's header measurement figures.

As a result, FARTCOIN appears to beryllium successful the mediate of a almighty hype-driven rally, which improves its interim bullish outlook.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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