Fartcoin (FAR) Price Prediction: Will It Soar to $1.0730 if Solana (SOL) Price Hits $200?

Fartcoin price has become one of the best-performing cryptocurrencies this month. It has surged by over 170% in the last 30 days

Fartcoin price has become one of the best-performing cryptocurrencies this month. The token has surged by over 170% in the last 30 days, outperforming the stock market and top coins like Bitcoin and Ethereum.

Fartcoin is still showing bullish signs, a trend that may be boosted if Solana price surges to $200.

Solana (SOL) has dropped and recovered several times

The ongoing Fartcoin surge has triggered more upside for some popular Solana meme coins. Dogwifhat has jumped by 37% in the last seven days, while Popcat, Cat in a dogs world, and Gigachad have soared by 20% and 50%, respectively.

The rally has also sparked a substantial Solana price comeback. After bottoming at $94.5 earlier this month, SOL has surged by 40% to $135, outperforming comparable tokens like Cronos and Avalanche.

This Solana rally has excited some crypto investors, some of whom expect it to rebound to $200 eventually. Such a move would signal a 50% surge from the current level.

The coin has a history of dropping and rising over time. For example, Solana price crashed to $168 on January 13 and then recovered by 75% to $295 a few days later.

Also, as shown below, Solana plunged to $109 in August last year and then soared by 140% to $265 a few months later.

A renewed Solana surge would be highly bullish for meme coins in its ecosystem like Fartcoin, Bonk, and Dogwifhat.

Fartcoin Technical Analysis and Key Targets

Fartcoin price has soared after hitting bottom at $0.19 in March. It has since surged by over 300%, making it the best-performing major coin and pushing its market cap close to the $1 billion mark.

The token moved above the key resistance point at $0.6345 on April 9. This was a notable level as it was the upper side of the cup and handle pattern, a highly accurate continuation sign.

This C&H pattern had a depth of 71%. The coin has now moved above the 25-day Exponential Moving Average (EMA), a bullish sign.

Therefore, measuring 71% from the upper side of the cup brings the target price at $1.0730, which also coincides with the 61.8% Fibonacci Retracement level. That target would be a 20% above the current level. A move above that target would point to an increase to the 50% retracement point at $1.3732.

Recently, a CoinGape article quoted an analyst who predicted that Fartcoin would soar to $1.29.

The bullish Fartcoin price forecast will be canceled if the price drops below the crucial support at $0.6345, the upper side of the cup. It would signal a potential drop to the lower side of the cup at $0.2125.