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Will Fartcoin Be the Next $1 Meme Coin? Traders Eye Key Breakout Zone

Will Fartcoin Be the Next $1 Meme Coin? Traders Eye Key Breakout Zone

CryptoNewsCryptoNews2025/04/22 01:22
By:Alejandro Arrieche

Fartcoin (FART) has bounced after four consecutive days of strong selling pressure. Can it recover?

Last updated: April 21, 2025 10:52 EDT
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Fartcoin (FART) has been a rare success history this year as this Solana-based meme coin defied the wider market’s decline and managed to more than triple its price in the past month.

However, a portion of that rally has been sold off lately, possibly as early buyers have taken some profits off the table.

Fartcoin has 2 paths, it can go up or it can go down

(but mostly dependent on BTC)

Still long with a large bag of this for now pic.twitter.com/uq9xkGYPbE

— Altcoin Sherpa (@AltcoinSherpa) April 21, 2025

Despite this recent weakness, FART has still delivered monthly gains of 88.9%. This makes it one of the top-performing assets in its category during this period.

As the selling pressure eases, this could be an opportunity to grab FART at a lower price as technical indicators show that momentum has shifted and currently favors a bullish short-term outlook.

FARTCOIN Eyes New Highs After Bullish Bounce from Channel Support

Fartcoin has bounced strongly from the lower trendline of its ascending channel on the 4-hour chart, reinforcing bullish structure and signaling renewed upward pressure.

Will Fartcoin Be the Next $1 Meme Coin? Traders Eye Key Breakout Zone image 1

This rebound confirms a higher low, keeping the broader uptrend intact and setting the stage for a potential push toward the upper channel resistance.

The RSI is climbing and currently sits at 59.4, showing growing bullish momentum, while the MACD histogram has flipped green – both indicators suggesting further upside could follow.

If Fartcoin can break above the $1.10 level, it may quickly retest the $1.38 high, and a breakout beyond that could open the door to a sharp rally in the near term.

As Solana-based meme coins continue to gain popularity, the need for a layer-two scaling protocol for the network like Solaxy becomes more and more evident.

Solaxy (SOLX) Raises Nearly $31M to Launch its Powerful L2

Solaxy (SOLX) launched its presale event in December last year and since then it has been drawing significant attention from investors as its L2 fixes Solana’s congestion issues.

Will Fartcoin Be the Next $1 Meme Coin? Traders Eye Key Breakout Zone image 2

In January, when TRUMP and MELANIA were launched, both users and exchanges experienced transaction errors and delays that negatively impacted Solana’s reputation.

By bundling transactions offline in a side chain before sending them to the mainnet, Solaxy alleviates the network’s burden and increases its efficiency.

$SOLX is the native asset of this L2 protocol. Once Solaxy becomes widely adopted by exchanges and wallets, the demand for this utility token will skyrocket.

Hence, at its discounted price of $0.0017, $SOLX offers significant upside potential to early buyers. However, don’t wait too long if you want to invest in this project as the presale event will end soon.

To buy $SOLX, simply head to the Solaxy website and connect your wallet (e.g. Best Wallet ).

You can either swap USDT or ETH for this token or use a bank card to make your investment.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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