Solana-based meme coin Fartcoin has caught traders’ attention once again. Despite trading well below its January all-time high of $2.48, fresh analysis by Rekt Capital suggests the token might be gearing up for a strong rally.
Let’s break down the latest chart patterns and what they mean for Fartcoin’s future.
Bullish Setup Forms on Fartcoin Chart
Fartcoin has been following a clear technical structure, and it’s showing signs of life after a recent 140% bounce. According to Rekt Capital, the token is forming a bull flag pattern—a common setup that often leads to price breakouts.
This pattern began taking shape in mid-March. After a healthy pullback, Fartcoin retested support and then surged. The retest validated what the analyst calls “the blue path,” signaling momentum may be building again.
Key Resistance at $0.82 and $1.29
Currently, all eyes are on the $0.82 mark—also known as the “black Range High.” Rekt Capital notes that past weekly closes above this level have triggered price rallies.
If Fartcoin can secure another close above $0.82, the next major target becomes $1.29, labeled the “blue highs” in the analysis. A clean breakout and retest of $0.82 could flip it into support, opening the door for further upside.
What Support Levels Matter Most?
Fartcoin’s bullish scenario depends on holding strong support levels. The current critical range lies just below $0.82. According to the analysis, maintaining a weekly close within this zone could create conditions for more accumulation.
The $0.37 price level also plays a crucial role. It’s the first real barrier Fartcoin must break to sustain upward movement. If that happens, it would be a strong sign of renewed buyer interest.
“Fartcoin just needs to stay above either of the black levels on a pullback to keep the $1.29 target in play,” Rekt Capital explains.
Fartcoin Price Action Still Outpacing the Market
Despite recent market volatility, Fartcoin has delivered impressive returns:
- +75.7% in the past 7 days
- +205.9% in the past 30 days
- +20% surge on April 11, during a broader market dip
However, it’s still 64.7% below its all-time high, leaving plenty of room for recovery if momentum continues.
Solana itself has been strong, rising over 5% in the same 24-hour window—further boosting sentiment around its meme coin ecosystem.
Final Thoughts: A Meme Coin With Momentum
While meme coins are famously volatile, Fartcoin’s chart structure and price action suggest it may not be just hype. With solid technicals and strong short-term gains, it’s a token worth watching.
If it breaks key resistance at $0.82 and targets $1.29 successfully, this could be the start of another explosive leg up. Until then, support levels must hold to keep the bullish thesis alive.
