NewsletterSolana Meme Coin Fartcoin Price Is Up 500% in 11 Days, What’s Next?
Fartcoin, a popular Solana-based token, is up 500% in just 11 days and shows no signs of stopping. Despite the recent crash in Bitcoin price below $100,000 that caused altcoins to drop double-digits, FARTCOIN continues to trend higher. Let’s explore what’s next for this token.
Fartcoin Price Ready To Shoot higher?
Despite being a top meme coin, Fartcoin has achieved a market cap of $1 billion as a result of its popularity. Due to this factor, its value has climbed a whopping 528% in just 11 days, starting December 7.
Even as it trades around $1, it shows no signs of stopping with price producing higher highs and higher lows. Although Bitcoin’s December 18 crash caused many altcoins to break key support levels, FARTCOIN has bounced 57% since Wednesday’s bottom while the crypto market struggles with recovery.
Fartcoin Technical Analysis: What’s Next?
Fartcoin price consolidated for four days, starting December 13. The Fed-induced market crash on December 18, produced a local bottom at $0.703 and has since shot up 57% to set up a temporary top at $1.109, a new ATH.
Using Trend-based Fibonacci extension level the next target for Fartcoin price is 161.8% Fib level at $1.253. Roughly 16% away from the current price. However, the uptrend might happen after a minor pullback to the $0.916 support level. This level was the range high of the aforementioned consolidation and is likely to serve as a good place for sidelined buyers to step in.
A bounce off $0.916 could send Fartcoin price up by 16% to $1.253. The next key hurdle is Fib 261.8% at $1.595, roughly 74% from $0.916.
On the other hand, if Fartcoin price fails to hold above the $0.916 support floor, it could collapse nearly 30% to the next critical foothold at $0.659. A good place to accumulate, but a breakdown of this level could trigger a 42% crash to the next key imbalance zone, extending from $0.378 to $0.336.
- Peter Brandt Hints at Further Downside for Bitcoin After Brief Rebound
- $1.3T BPCE To Roll Out Bitcoin, Ethereum and Solana Trading For Clients
- Why is the LUNC Price Up 70% Despite the Crypto Market’s Decline?
- CoinShares Fires Back at Arthur Hayes, Dismisses Fears Over Tether Solvency
- Bitcoin Stalls Ahead of FOMC as Analyst Van de Poppe Sees No Break Until Tuesday
- Ethereum Price Holds $3,000 as Bitmine Scoops Up $199M in ETH; What Next?
- Solana Price Outlook Strengthens as Spot ETFs See $15.68M in Fresh Inflows
- Dogecoin Price Gears Up for a $0.20 Breakout as Inverse H&S Takes Shape
- Bitcoin Price Forecast as BlackRock Sends $125M in BTC to Coinbase — Is a Crash Inevitable?
- XRP Price Prediction As Spot ETF Inflows Near $1 Billion: What’s Next?
- Solana Price Outlook: Reversal at Key Support Could Lead to $150 Target
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
