The meme coin Fartcoin, built on the Solana blockchain, continues its impressive rally with a 20% surge in just a few hours, defying the broader crypto market’s bearish trend. Could this quirky coin keep its momentum and reach the $1 milestone?
Why Is Fartcoin Up 20% Today?
Fartcoin, one of the most talked-about meme coins on Solana, has captured the attention of investors thanks to its unique and humorous name. While most meme-themed cryptocurrencies are suffering from a downturn, Fartcoin has managed to climb 20% today alone.
Notably, the coin has surged nearly 80% over the past week, currently trading at $0.8416 with a market capitalization exceeding $841 million.
This sharp rally is largely driven by renewed investor interest, reflected in the spike in open interest. More importantly, most of the capital is being funneled into long positions, indicating strong confidence in Fartcoin’s further upside.
Simultaneously, a wave of short liquidations has prompted traders to rebuy the token, pushing the price higher. Interestingly, this price action coincides with a broader uptick in Solana-based meme coins like Bonk and Dogwifhat, signaling a possible revival in market sentiment for these once-struggling digital assets.
Fartcoin Price Prediction: Can It Hit $1?
According to Coinglass liquidation data, the current trend suggests further upside potential. Several crypto analysts believe that a $1 target is within reach, especially considering Fartcoin’s previous all-time high of $2.61 just three months ago.
However, uncertainties remain, especially with geopolitical factors like Trump’s trade war rhetoric influencing investor sentiment.
Despite the risks, analysts like Bitcoinconseus are optimistic, predicting a near-term target of $1.2. They highlight a bullish reversal pattern forming on the chart, with horizontal resistance already breached. If volume stays strong and momentum holds, the token could easily push beyond $1.
Crypto General, another analyst, takes an even bolder stance, forecasting a potential $10 price point during the next major bull run. He claims that Fartcoin has already bottomed out and is consolidating above a key breakout level — another surge from here could propel the token toward that ambitious milestone.
