Fartcoin Surges 104% in a Week: Will Solana (SOL) Follow?

Jakarta, Pintu News – In the first week of April 2025, Fartcoin (FARTCOIN), a Solana SOL->Current SOL PriceRp 0Market Cap-Trading Volume-Circulating Supply- based memecoin, recorded a price increase of 104%, reaching a high of $0.87 (approximately Rp14,786). This increase occurred despite the overall crypto market declining due to US President Donald Trump’s tariff announcement that wiped around $160 billion from the crypto market capitalization.

Bull Flag Pattern and Further Upside Potential

Technical analysis shows that Fartcoin is forming a bull flag pattern, which often signals the continuation of an uptrend. On April 10, Fartcoin began to break the upper boundary of this pattern, indicating a potential rise towards $0.95, close to the $1 psychological threshold.

Fartcoin’s Relative Strength Index (RSI) indicator is above 66, indicating continued bullish momentum yet to enter overbought territory. Additional support comes from the 50- and 200-period exponential moving averages (EMAs), indicating that the uptrend is still strong as long as prices remain above these levels.

Also Read: Solana’s Whale Movement and Selling Pressure: What is the Impact on Crucial Support Levels?

Increased Trading Volume and On-Chain Activity

Fartcoin showed significant daily trading volume, reaching over $446.84 million, surpassing the volume of Bonk BONK->Current BONK PriceRp 0Market Cap-Trading Volume-Circulating Supply- and Shiba Inu SHIB->Current SHIB PriceRp 0Market Cap-Trading Volume-Circulating Supply-. Although not yet listed on major exchanges such as Binance and Coinbase, Fartcoin’s trading activity indicates high market interest.

On-chain data reveals that Fartcoin’s daily transfer value is almost double compared to Official Trump (TRUMP), Solana’s other memecoin. This suggests deeper engagement and utility, despite TRUMP’s higher trading volume.

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Fartcoin’s significant rise in a short period of time demonstrates the potential for growth driven by market hype and momentum. However, investors are advised to conduct in-depth research and consider the risks before investing in this volatile memecoin.

Read More: Solana Price Moves Up: Potential Strengthening or Correction in April 2025?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Yashu Gola/Cointelegraph. Fartcoin rallies 104% in a week – Will Solana (SOL) price catch up?. Accessed April 11, 2025.
• Featured Image: CCN