With a funky name, Fartcoin is gaining popularity, fueling its price rally. Despite the bearish trajectory of the market, the Solana meme coin is continuing with a bullish surge, rallying more than 100% within a month. With a new milestone, investors question whether this bullish take will continue or bears will take over. Let’s discuss.
Fartcoin Price Re-Accomplished $1 Mark
Fartcoin is among the most popular meme coins and has surpassed DOGE, PEPE, and even top cryptos like Bitcoin and others in terms of growth this month. With a staggering 107% surge over the month and 18% in the last 24 hours, Fartcoin price is at $1.18.
With that, its market capitalization has peaked at $1.8 billion with a high trading volume of $434.75M, revealing high demand among investors. Interestingly, this trending Solana meme coin has not gained any big exchange’s listing.
The surge is only driven by the investor demand, as its trading volume is up nearly 40% and OI is up 9.3%. However, there are doubts about its momentum, considering its 55% decline from its ATH, and the volatile market.
Analysts Predict Fartcoin Price to Hit $50
Although Fartcoin has gained a rally in the past few days, the ATH is still far. More importantly, there are concerns of liquidation, macroeconomic events like Fed interest rate cuts, and much more that could affect this and the rest of the crypto market.
Considering a bullish case, crypto analysts like Farokh, Tyler, and others predict the Fartcoin price to hit $50 due to consistent cup and handle pattern formations. More importantly, their bearish case puts the target at $5, more than 300% from today’s value. Interestingly, they also believe that this consistent growth would result in Fartcoin flipping Solana one day.
How High This Solana Meme Coin Can Go By April End?
The Coinglass stats suggest that the bullish case is dominating for the Fartcoin Solana meme coin, as shorts are being squeezed, long positions are rising, and volume rates are higher. Altogether, the bullish rally is likely to continue, as there’s strong buying pressure on the tone.
However, for the bullish trajectory to continue, it will have to overcome the crucial resistance between $1.2 and $ 1.30. If Fartcoins succeeds, it could create a new ATH, but this is just an anticipated Fartcoin price prediction. The results could vary significantly.
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