FARTCOIN (FART) Price Prediction: Will the Meme Coin Continue Its 100% Rally?

FARTCOIN has become the highest gainer among the top 300 cryptocurrencies. The price has jumped 100% over the past seven days, reaching as high as $0.58.

FARTCOIN has become the highest-gainer among the top 300 cryptocurrencies. The price has soared 100% over the past seven days, reaching as high as $0.58.

Currently, it is trading at around $0.54. This comes after a minor 2.67% decrease in the last 24 hours.

Previously, FARTCOIN fell 90% from its all-time high. Now the memecoin appears to be staging a recovery as it aims to reclaim previous levels. The price increase has pushed FARTCOIN’s market cap to $510 million. This makes it the third-biggest meme coin in the Solana ecosystem.

Technical Indicators

The Money Flow Index (MFI) for FARTCOIN has risen to 83.08. This indicates that the token is in overbought territory.

MFI readings above 80 typically suggest that the asset could see some pullback. This might explain the recent minor price drop.

However, despite being overbought, the Moving Average Convergence Divergence (MACD) shows continued bullish momentum. The 12 EMA remains above the 26 EMA on the daily chart.

The price has also risen above both the 20 EMA and 50 EMA. This confirms the strong uptrend as long as the price manages to stay above these levels.

On the daily chart, FARTCOIN has formed a rounded bottom pattern. This U-shaped curve often signals a shift in market sentiment as selling pressure lessens.

Market Context

The FARTCOIN rally comes amid a broader recovery in Solana-based meme coins. Other tokens like Bonk, Dogwifhat, and Popcat have seen gains of 20-35% in the past week.

The total market cap of Solana meme coins has increased from $7.5 billion to $8.6 billion. This shows the growing interest in this segment of the crypto market.

The wider crypto market has also been performing well. Bitcoin crossed $88,000 while Ethereum moved above $2,000.

Reports suggesting that Donald Trump’s reciprocal tariffs would exclude industrial items helped boost market sentiment. This news also lifted U.S. stock markets on Monday.

Price Targets

If the bullish momentum continues, FARTCOIN could retest the 0.786 Fibonacci level at $0.70. This would be the next resistance level to watch.

Beyond that, the price could target around $1.13 near the 0.618 Fibonacci level. Some analysts suggest a potential target at $1.37, the 50% retracement point.

This would represent a 135% gain from current levels. However, it remains uncertain if FARTCOIN could climb back to its all-time high from this position.

In a bearish scenario, if profit-taking intensifies, FARTCOIN might experience another correction. A drop toward the $0.15 mark could occur if support levels fail.

FARTCOIN launched in October last year and was one of the best-performing meme coins. It soared from $0.012 to $2.70, with its market cap reaching over $2.4 billion.

The recent bottom was at $0.2015 this month before starting its current recovery. The current price represents a 180% increase from its yearly low.