Fartcoin (FART) Price Hits $1 — Is It Still An Attractive Buy?

The popular Solana meme coin finally breached the $0.93 – $0.97 resistance zone to trade as high as $1.10 on Tuesday.

Fartcoin (FART) price finally breached the $0.93 – $0.97 resistance zone to trade as high as $1.10 on Tuesday.

The popular Solana meme coin had been struggling to break free from the sellers in recent weeks, having faced strong resistance around the $0.93 – $0.97 zone.

However, bulls finally managed to push through this barrier, paving the way for a parabolic rally toward $1.25 – $1.30, according to prominent analysts.

"Another zone I'm watching closely is $0.93-$0.97. If we manage to break above this zone, I think we'll be clear for $1.30 with a few pauses along the way," said Altcoin Sherpa.

"This is still pretty low market cap-wise at #62, I think it still has a few x left given the mindshare."

At the time of writing, Fartcoin is trading at $0.93, having pulled back from the highs.

A daily close above $0.97 would be key for continuation, while a monthly close above $0.88 would further validate the uptrend and energise buyer momentum.

However, a daily close below $0.93 could trigger a pullback toward $0.79 or even $0.73, in which case Fartcoin price may want to consider booking some profits before giving up recent gains.

Nevertheless, Fartcoin remains one of the best cryptos to buy in the long term, especially in light of the surging global liquidity and the broader crypto market rally.

After all, it is still trading nearly 60% below its all-time high, providing ample opportunity for sidelined investors to grab attractive returns in the upcoming bull run. Some bulls are even hoping for $10 in 2025.

Fartccoin price analysis: Is Fartcoin still a buy after a huge rally?Fartcoin price broke out from a crucial resistance zone on Tuesday. The $0.93–$0.97 zone had been holding back buyers since December 2023.

A daily close above this zone could open the door for a parabolic rally toward $1.25–$1.30, according to prominent analysts.

The breakout was fueled by strong derivatives activity, with traders massively shorting Fartcoin in anticipation of a swift move down.

However, a monthly close above $0.88 would also be key for continuation, as it would confirm that sellers are losing their grip.

A daily close below $0.93 could trigger a pullback toward $0.79 or even $0.73, in which case it may be time to book some profits and step aside.

Despite the recent rally, Fartcoin is still down 59% from its all-time high, which provides plenty of opportunity for further gains.

With the crypto market now in a full-blown bull run and several top coins setting new all-time highs, there is still potential for Fartcoin to surge toward $1.25–$1.30 in the short term.

Beyond that level, it could continue rallying to new highs in the long term, especially if the global macroeconomic outlook remains supportive.

Prominent analysts are also keeping an eye on Solaxy (SOLX), which is one of the fastest-growing crypto ICOs right now.

After raising over $31 million in its presale, Solaxy is quickly becoming a hot topic among crypto investors.

However, time is running out for new investors to buy SOLX at a discount during its presale.

After beginning its presale in July 2023, the integral Solana (SOL) Layer-2 scaling solution has quickly become one of the most interesting crypto projects to watch.

At the time of writing, Solaxy’s presale has raised over $31 million, a phenomenal feat considering that it only launched a few months ago.

Prominent analysts suggest that the presale has been aided by strong crypto whale demand for SOLX.

However, with the presale quickly approaching its final stages, it is no surprise that experts are including Solaxy in their best cryptos to buy lists.

Rising crypto prices have also brought in a new wave of investors who are looking for the next meme coin or utility token that could provide 100x gains.

Among these new investors are many experienced traders who are experienced in spotting promising meme coins, such as Fartcoin.

Both $FART and $SOLX are among experts’ lists of best cryptos to buy now.

What is Solaxy and why is it heating up in 2023?Prominent analysts are anticipating a strong bullish continuation for Fartcoin.

Altcoin Sherpa