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    Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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  • 2 minutes read

Fartcoin Price Surges 30% to Lead Top 100 Cryptos Despite Market Sell-Off

Story Highlights
  • Fartcoin, a Solana-based meme coin, has surged, becoming the top-performing cryptocurrency in the top 100.

  • Technical indicators and a "cup and handle" pattern suggest a potential bullish breakout for Fartcoin.

  • Fartcoin's growth is supported by a strong community, whale accumulation, and a fully unlocked token supply.

Fartcoin, a meme coin built on the Solana blockchain, surprised the market on Tuesday by becoming the best-performing token among the top 100 cryptocurrencies. The coin surged over 30%, now trading at $0.6083, with its trading volume jumping more than 310%. It has also outshined all other Solana-based meme coins.

Whatโ€™s really catching everyoneโ€™s attention is how Fartcoin is climbing while the rest of the market struggles. Even as big players like Bitcoin and Ether are in the red, this oddly named coin is holding strongโ€”and even gaining.

Letโ€™s break down whatโ€™s happening, what the charts are saying, and what might come next.

Fartcoin Stays Steady Despite Crypto Slump

Over the past few weeks, while most of the crypto market has seen ups and downs, Fartcoin has remained relatively stable. The token hit a key resistance level at $0.7153 twiceโ€”once on February 11 and again on March 26โ€”but couldnโ€™t break past it either time.

Fartcoin is now showing signs of a bullish breakout. It has formed a classic โ€œcup and handleโ€ pattern, which is often seen as a strong continuation signal in technical analysis. The recent dip in price is part of the โ€œhandleโ€ phase of the pattern. Also, the price remains above the 50-period EMA, which suggests that bulls are still in control. Indicators like the RSI and MACD are also trending upward, adding to the positive outlook.

Where Could Fartcoin Go Next?

If Fartcoin breaks above the resistance level of $0.7153, it could rally toward $1.1645โ€”and possibly even reach $1.2285. That would mean gains of more than 100% from the current price. However, this bullish scenario would be invalidated if the price drops below the support level at $0.355.

Bloomberg analyst Eric Balchunas recently pointed out on X that Fartcoin has been climbing despite a broader market downturn. Bitcoin, Ether, gold, and U.S. treasuries have all fallen, which makes Fartcoinโ€™s strong performance even more surprising.

Whatโ€™s Driving Fartcoinโ€™s Surge?

There are a few possible reasons behind Fartcoinโ€™s recent momentum:

  1. Market Recovery Potential: The crypto market may rebound after the recent tariff-driven panic, similar to how it bounced back after the COVID crash.
  2. Possible Fed Rate Cuts: If the U.S. Federal Reserve lowers interest rates, crypto prices may rise as investors move into riskier assets.
  3. Strong Community and Whale Interest: Fartcoin has a loyal base of over 150,000 holders and signs of whale accumulationโ€”both bullish signals.
  4. No Locked Tokens: All Fartcoin tokens are already unlocked, so there’s no risk of future token releases dragging the price down, unlike many other meme coins.

Fartcoin Stays a Winner!

Fartcoin has also proven to be resilient in shaky market conditions. For example, while Bitcoin saw a sharp drop on April 3, Fartcoin bounced back quicklyโ€”rising 36% the very next day. On-chain data shows that this recent surge isnโ€™t driven by manipulation.

Large whale transactions (between $100K and $1M) have remained low over the past week, suggesting the rally is real and supported by genuine trader interestโ€”not artificial pumps.

Fartcoin mightโ€™ve started as a jokeโ€”but right now, the numbers are no laughing matter.

Never Miss a Beat in the Crypto World!

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Whatโ€™s the current price of Fartcoin?

As of the latest update, Fartcoin is trading around $0.6084, which is up over 30% in the past day.

Why is Fartcoin outperforming the market?

Fartcoinโ€™s growth appears to be organic, supported by strong community backing, signs of whale accumulation, and no risk of future token dumps. Besdies, it is also forming a โ€œcup and handleโ€ pattern, a bullish technical indicator. It’s also trading above the 50-period EMA, with RSI and MACD trending up.

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