Fartcoin (FART) price is eyeing the next potential rally as per the latest analysis.

Despite currently trading well below its all-time high of $2.48 reached on January 19, 2025, Fartcoin has been forming a bullish pattern that could

Solana-based meme coin Fartcoin (FART) price is eyeing the next potential rally according to the latest analysis.

The analysis, shared by crypto analyst Rekt Capital, points to a technical pattern that could set the stage for Fartcoin to rise toward the $1.29 resistance level.

After identifying a potential path for Fartcoin in mid-March, the coin has progressively followed through on that path, the analyst notes.

The technical formation described includes the development of a “Bull Flag” pattern, with the price pulling back to the origin point of what the analyst calls “the blue path” for a successful retest via a downside wick. Following this retest, Fartcoin rallied over 140%.

The key resistance level to watch is $1.29, marked as “blue highs” in the analysis. However, reaching this target depends on Fartcoin’s ability to break and hold above the “black Range High” of approximately $0.82. The analyst notes that a “past Weekly Close above the ~$0.82 level has enabled upside in the past.”

This analysis comes after Fartcoin slumped amid macroeconomic uncertainties.

Major Fartcoin support points to search for upward growth

According to the report by Rekt Capital, if FARTCOIN is able to get a “Weekly Close within the black-black range, inside the orange circle, then it could allow for more buying within the range.”

More significantly, a “Weekly Close above the black Range High of ~$0.82” might unlock further upside potential. Here, the analyst indicates that price might do a “post-breakout retest” of this level. This action might turn it new support and validate a trajectory towards the $1.29 resistance level.

The $0.37 is the uppermost of the current range and is the first barrier for Fartcoin to breach in order to achieve even greater prices. Breaking through this resistance would be the first sign of further positive action.

In short, the analyst states that “FARTCOIN just has to remain above either of the black levels if it does pull back, and satisfying this requirement would leave the price in position to return to $1.29 (blue highs) later.”

Solana (SOL) price slid by 3.7% over the past 24 hours. At the time of writing, Solana was trading at $20.04.

The crypto analyst adds that major support levels for Fartcoin to hold in order to remain strong are the lower band of the range at $0.37 and the prior swing low at $0.2. Any support levels that break could lead to further downside pressure on the token.

The Solana-based meme coin has seen impressive gains in recent times. Fartcoin price statistics show the token gaining 75.7% over the past seven days. The meme coin also jumped 20% on April 11 amid the market crash.

However, Fartcoin is still 64.7% off its all-time high of $2.48, which was reached on January 19, 2025. This means that there could be potential for recovery if the market remains strong and technical support is upheld.

While Fartcoin didn’t show any major 24-hour changes, Solana’s price went up by over 5%.

Following what Rekt Capital calls a “successful retest,” the token has bounced over 140% from its recent low. This validates the technical pattern that was pointed out by the analyst. This sudden turnaround has sparked interest in the token’s potential to return to its previous highs.