Fartcoin Price Soars 9% to Become the Top Solana Meme Coin Gainer in the Last 24 Hours

The Fartcoin price has soared 9% to become the top Solana meme coin gainer in the last 24 hours to trade at $0.8515 as of 02:34 a.m. EST

Fartcoin’s price has surged by 9% to become the top Solana meme coin gainer in the last 24 hours, currently trading at $0.8515 as of 02:34 a.m. EST with a 44% jump in trading volume to reach $105 million.

Fartcoin Price Shows A Sustained Bullish Trend

A analysis of the FARTCOIN/USD chart on the 4-hour timeframe reveals a strong uptrend in Fartcoin’s price, indicating significant bullish momentum.

According to data from GeckoTerminal, Fartcoin’s price has exhibited a nearly parbolic increase since the beginning of December, with a sharp rise in both volume and price action from the $0.16 support.

Fartcoin now trades significantly above both the 50-day and 200-day Simple Moving Averages (SMAs), indicating that the asset is still experiencing a strong bullish rally.

The Relative Strength Index (RSI) is currently at 58.18, indicating a neutral to mildly bullish trend, suggesting that the price still has room to move higher before entering overbought territory (above 70). A previous spike in RSI above 70 during the recent parabolic move indicates prior overbought conditions, but the current cooldown suggests healthy consolidation.

If the price sustains above the recent highs, the uptrend could extend further, targeting psychological levels like $1.00.

However, a retracement to the 50-day SMA around $0.64 would not invalidate the uptrend and could offer buying opportunities.

As Fartcoin’s price soars, investors are also buying the new Solana rival Solaxy (SOLX), which 99Bitcoins, a popular crypto channel on YouTube with over 709K subscribers, says might soar 100x after launch.

Solaxy Presale Raises Over $2.2 Million In Just 4 Days

Solaxy is a new meme coin on the Solana ecosystem that has managed to raise over $2.2 million in just in 4 days since its presale launched.

Solana’s success in becoming the platform of choice for the launch of meme coins has not been accompanied by an ability for the Solana ecosystem to keep up with the thousands of meme coins being launched on the chain on a daily basis.

Solaxy aims to solve this problem by being the first ever Solana Layer 2 blockchain.

🚨 Solaxy is now live in Upcoming Tokens! 🚨@SOLAXYTOKEN gives holders an opportunity to join the first-ever Solana Layer 2 blockchain.

Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.… pic.twitter.com/satNF6zFNF

— Best Wallet (@BestWalletHQ) December 17, 2024

The native token of the Solaxy network, $SOLX, is multi-chain, pulling activity and buyers from both the Ethereum and Solana chains and providing a path of entry into both blockchain ecosystems.

By buying and holding SOLX, users can earn passively through the platform’s staking mechanism, which offers a sky-high annual yield of 1,835%.

Investors interested in joining the presale can visit the official Solaxy website to buy SOLX tokens at the current price of $0.001568 each using BNB, ETH, USDT, or bank card.

Buy before a price hike in less than 2 days to secure the best deal.

Visit SOLX here.

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