Fartcoin Surges 25% as It Approaches New All-Time High

In the last 24 hours, Solana meme coin FARTCOIN has increased by 25%, aiming for a breakout above its all-time high of $1.60. It has rallied 65% over the past three days and shows weekly gains exceeding 40%. Currently, FARTCOIN trades at $1.20, with daily trading volumes up 72% to $147.6 million. Open interest has risen 22% to nearly $160 million.

Price Rally Factors

  • Price recovery followed a correction to $0.75 after a previous 50% drop.
  • Bullish MACD crossover signals potential continued upward movement.
  • Market optimism and Bitcoin's performance may influence altcoin trends.
  • Chaikin Money Flow indicates investor hesitation, reflecting cautious market behavior.

Future Projections

  • FARTCOIN gained over 67% recently, nearing $1.27, just 30% away from its all-time high.
  • Support level identified at $0.98; maintaining this could lead to targets of $1.266, $1.5828, and $1.8994.
  • If support fails, a retreat to $0.69 is possible, risking further losses.
FARTCOIN MACD Chart

Source: TradingView

FARTCOIN Price Prediction

Source: TraderSZ