- Fartcoin surges to $0.84 after 190% rally, with $221 million 24-hour trading volume.
- Analysts forecast Fartcoin could reach $2, despite its all-time high of $2.48.
- Breakout above $0.83 crucial for bullish momentum, with $0.71 as key support.
Fartcoin’s price is bubbling back into the spotlight, currently trading at $0.8510 after a remarkable 190% monthly rally. The AI-born meme coin is now attracting significant attention. Backed by rising trading volume and bullish predictions, Fartcoin’s future looks intriguing, with potential to reach $2 or even higher.
Although its all-time high of $2.48, set in January 2025, is still far off, analysts remain hopeful. With 1 billion tokens in circulation and over $221 million in 24-hour trading volume, Fartcoin’s rise echoes the explosive growth seen with other meme coins like Dogecoin and PEPE.
Traders Watch $0.83 for Potential Breakout
According to Rafaqat Hussain post on X, Fartcoin has successfully defended its support at $0.71, showing a 9% increase since bouncing off that level. The cryptocurrency needs to reclaim the $0.83 region to maintain a bullish outlook. Scalpers can benefit from the coin’s liquidity, with solid opportunities to profit from short-term price movements.
Analysts are closely watching Fartcoin’s price movement, with a critical resistance level at $0.83. However, if it fails to hold above this mark, the trend could shift back toward bearish territory, making $0.71 an important level to watch.
A breakout above this zone, which Fartcoin has already surpassed, suggests the potential for further bullish momentum and reached at $0.8477. With the current market capitalization at $848.45 million and the 24-hour volume standing at $201.21 million, the traders are bullish regarding the coin to grow further.
Crypto analyst Persis10t has pointed to Fartcoin’s creation of the traditional inverse Head and Shoulders pattern that may be signaling bullish reversal. He suggests that the neckline at around $0.7390, which corresponds to significant Fibonacci, as well as the EMA, is pivotal to Fartcoin’s direction. Now that the coin is retesting the zone, the $0.77 support is pivotal to ensuring bullish dominance.
Critical Price Levels: What’s Next for Fartcoin?
In another X post, the crypto analyst Altcoin Sherpa provided his expectations of Fartcoin’s future actions. He forecast that the meme coin may rebound from the levels of $0.70, $0.60, or $0.50, which are located at strong Fibonacci retracement levels. The price action after these potential bounces will be pivotal to see whether the coin experiences full reversal or further bullish momentum.
Altcoin Sherpa further highlighted that the movement of Fartcoin is heavily correlated to Bitcoin’s price action. As the price of Fartcoin has followed the price action of Bitcoin, any correction by BTC can likewise impact Fartcoin. Despite these risks, Sherpa remains optimistic, assuming that the memecoins will move to greater heights, making it one of the favorite picks among traders with volatility-driven, high-reward potential.
Read More: Fartcoin Breaks Through Market Chaos: Bulls Eye $1.60 with Key Resistance