In a surprising turn, Fartcoin has surged over 30% in just 24 hours, reaching around $0.57. This comes even as the broader crypto market tumbles in response to President Trump’s new global tariffs.
While major cryptocurrencies like Bitcoin and Ethereum struggle, the Solana-based meme coin has gained serious momentum. According to CoinMarketCap, Fartcoin’s trading volume also jumped 90%, hitting $363 million in a single day.
Meme Coin Market Falls, but Fartcoin Stands Strong
Despite the meme coin market losing around 20% of its value in the past month, Fartcoin has surged 130% during the same period. Investors and analysts alike are scratching their heads at its resilience.
Why Is Fartcoin Pumping?
Data from Nansen shows a 3.62% drop in exchange reserves, signaling that more investors are moving their tokens to private wallets. This trend often reflects growing confidence in a token’s future.
Meanwhile, CoinCarp reports that the number of Fartcoin holders remains steady at over 113,000, even during recent market dips. Many of the top-performing wallets continue to hold Fartcoin, which suggests seasoned traders are expecting more gains.
Fartcoin has acted as a safe haven before. During last December’s Fed-driven selloff, Fartcoin jumped 60% in eight days, from $0.79 to $1.26, while Bitcoin and the S&P 500 both dropped sharply.
Even ETF analyst Eric Balchunas took notice of the latest price spike on X, asking what’s behind the meme coin’s unusual strength.
Fartcoin Technical Analysis: Bullish Signs Ahead?
Looking at the 4-hour chart, Fartcoin is forming a classic cup and handle pattern. The cup bottomed in late March, and the current price action suggests a handle is taking shape—hinting at a possible breakout.
Here’s what the indicators say:
- RSI sits at 67, showing strong momentum with room to climb
- Bollinger Bands are expanding, pointing to higher volatility
- MACD has crossed over its signal line, showing a bullish trend
If the price breaks above $0.60 with volume, analysts expect a short-term price target between $0.72 and $0.75.
