TLDR
- Fartcoin (FARTCOIN) price surged 20% in a day and 80-104% over the past week despite broader crypto market decline
- Currently trading at around $0.84-$0.87 with market cap of $841.89M
- Technical analysis shows a bull flag pattern suggesting potential rise to $0.95-$1.2
- Trading volume reached over $446.84 million in 24 hours, outperforming many larger memecoins
- Increasing open interest with majority in long positions indicates growing investor confidence
Fartcoin, a popular Solana-based meme coin, has seen its price jump 20% in a single day against the backdrop of a broader cryptocurrency market decline. The token is now trading at approximately $0.84-$0.87, representing a weekly gain of 80-104%.
The price surge comes at a time when many cryptocurrencies are struggling, particularly following US President Donald Trump’s tariff announcements that have removed nearly $160 billion from the total crypto market capitalization in April.
Fartcoin has become the third-largest meme coin in the Solana ecosystem. Its unique name has caught investors’ attention, helping it stand out in the crowded meme coin space.
The token’s market capitalization now stands at $841.89 million. This places it in direct competition with other popular meme coins, including those on the Solana blockchain.
Rising Trading Volume and Open Interest
One of the key factors behind Fartcoin’s price movement is the growing trading volume. In the past 24 hours alone, Fartcoin recorded a volume of over $446.84 million.
This trading volume exceeds that of established meme coins like Bonk ($129.85 million) and even Shiba Inu ($319.43 million). Only the Official Trump token (TRUMP) had higher headline volume at approximately $661.78 million.
However, on-chain data reveals Fartcoin is processing nearly double the value in actual transfers compared to TRUMP. This suggests deeper user engagement despite the Trump token’s higher reported volume.
Open interest in Fartcoin has also been rising. Data shows that the majority of capital is placed in long positions, revealing growing investor confidence in the asset.
At the same time, shorts are being liquidated. This forces traders to rebuy the asset, creating additional upward pressure on the price.
Technical Analysis Points to Further Gains
Technical analysts have identified a bull flag pattern in Fartcoin’s price chart. On April 10, Fartcoin began breaking out of this pattern to the upside.
This technical setup projects a potential move toward $0.95, just under the psychologically important $1 mark, in the near term.
The token’s Relative Strength Index (RSI) is hovering in bullish territory above 66. This suggests there’s still room for further gains before entering overbought conditions, which typically begin above the 70 mark.
Fartcoin’s price is also gaining support from its 50-period and 200-period exponential moving averages. As long as the price stays above these levels, the bull flag breakout could play out fully.
Some crypto analysts are even more optimistic about Fartcoin’s prospects. Analysts like Bitcoinconseus predict a target of $1.2, noting that the horizontal resistance has already been broken.
$FARTCOIN Breakout Successful✅
The setup provided yesterday has triggered successfully in under 24 hours.
We are now watching the 1.20$ range as the next major target for the Head and Shoulders pattern on $FARTCOIN 🌬️ https://t.co/9VEECzLsZq pic.twitter.com/tHXsM4kWjU
— Bitcoinsensus (@Bitcoinsensus) April 10, 2025
Another analyst, Crypto General, has made a bolder prediction that Fartcoin could reach $10 during the next crypto bull run. According to this view, Fartcoin has bottomed out and consolidated above the breakout level.
Historical Parallels to Other Meme Coins
Market analysts have drawn parallels between Fartcoin’s current trajectory and Pepe’s (PEPE) explosive run from a $300 million to over $3 billion market cap during the 2023-2024 period.
One market analyst noted Fartcoin is showing similar signs that preceded Pepe’s rise, including comparable daily spot volume between $300-500 million.
It’s worth noting that Fartcoin has achieved this volume without listings on major exchanges like Binance, Coinbase, Bybit, Upbit, and OKX.
The token previously reached an all-time high of $2.61 three months ago, making the current targets around $1 appear feasible based on historical performance.
Other Solana-based tokens like Bonk and Dogwifhat have also seen price increases recently. The crypto community sees this as a possible sign of recovering investor interest in these digital assets.
Despite these positive indicators, uncertainty remains as external factors like the Trump trade war continue to influence overall market sentiment.
Fartcoin appears to be in the middle of a powerful hype-driven rally, which improves its short-term bullish outlook. Whether it can sustain this momentum depends on continued investor interest and broader market conditions.
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