Fartcoin, a meme coin formed on the Solana blockchain, shocks traders by surging 104% in a week

This demonstrates the meme coin's resilience and market appeal. Unlike traditional tokens, Fartcoin price thrives on community-driven hype, yet its movement aligns with key technical indicators.

Fartcoin (FRT), a meme coin developed on the Solana blockchain, has become the best-performing asset in the past week, surging 104% and outpacing even Solana (SOL), as tracked by weekly performance metrics. The coin also crossed the $0.87 mark, despite a broader cryptocurrency market dip.

The U.S. President Trump’s tariff policy has influenced the crypto market, wiping around $160 billion from the market in April. However, Fartcoin remained one of the best-performing assets, highlighting its resilience and market appeal.

While traditional tokens derive value from their underlying technology or use cases, Fartcoin price is largely driven by community hype, which is a common characteristic of meme coins. In contrast, Solana dropped by 2% the same week, and the Fartcoin price increase suggests stronger investor confidence in the meme coin.

The Fartcoin rally can be attributed to a breakout from the traditional bull flag pattern. Yesterday, it crossed the upper level of this pattern, setting a projected target of $0.95. This move is typically viewed as a continuation signal, and when combined with rising volume, it can lead to a significant upward trend.

With strong technical support, many traders view this pattern as a bullish confirmation of sustained momentum. Fartcoin price also holds firmly above its 50-4H and 200-4H EMAs, which regularly act as dynamic support. As long as the asset remains above these moving averages, the possibility of reaching $0.95 remains intact.

In a volatile crypto market, such clear technical setups often attract traders, especially in the realm of meme coins, which are known for rapid and unpredictable price movements.

While Solana continues to be a major participant in blockchain technology, its 2% weekly dip highlights that even strong networks are not immune to market pressure.

On the other hand, Fartcoin’s performance underscores how quickly meme coins can generate interest and activity for their native blockchains. According to CoinMarketCap data, Fartcoin price recorded over $446 million in 24-hour volume, compared to Bonk and Shiba Inu, which reported $129 million and $319 million, respectively.

Despite lacking listings on leading exchanges like Binance and Coinbase, Fartcoin price is gaining traction through organic interest, evidenced by its 24-hour trading volume. This surge in volume reflects growing engagement, a key factor in sustaining overall performance in the crypto market.

Among Solana-based memecoins, Fartcoin now ranks third-largest by volume, outperforming others like Trump (TRUMP), which fell over 25% in April. This shift in interest may be attributed to the market's focus on newer, hype-driven tokens.

Analysts have begun comparing Fartcoin’s trajectory to PEPE, another memecoin that soared from a $300 million to a $3 billion market cap between 2023 and 2024. A similar pattern may be forming, particularly in terms of community hype and increasing spot volume.

One analyst, @theunipcs, highlighted that the Fartcoin rally mirrors PEPE’s early surge. With over $300 million in daily trading volume, Fartcoin attracts attention from retail traders and institutional buyers seeking early momentum.

Furthermore, Fartcoin’s on-chain transaction values surpass those of its competitors. Although the Trump meme coin reported slightly higher volume, Fartcoin processed nearly double the amount of transferred value, indicating higher utility and consumer engagement.