Fartcoin (FART), a Solana-based meme coin, trades at $1.27 and hints at strong upside potential to hit a new all-time high.

A prominent crypto influencer, Rookie, supports the possibility of a breakout rally in Fartcoin to a record high.

Fartcoin (FART), a Solana-based meme coin, is trading at $1.27 and hints at strong upside potential to hit a new all-time high. A prominent crypto influencer, Rookie, supports the possibility of a breakout rally in Fartcoin to a record high.

However, the major CEXs do not offer spot trading of Fartcoin, which is surprising considering the token's popularity and high trading volumes in perpetual contracts on platforms like Bybit and Binance. Additionally, Fartcoin is testing BTC’s volumes on Hyperliquid, a Decentralized Exchange.

As many popular meme coins rely heavily on top CEX listings for a hype-driven spot volume, Fartcoin has managed to achieve consistent top-five positions in perpetual contracts volume rankings.

This could translate to a new high FARTCOIN/USDT perpetual contract if Solana holds stable.

> This month could see FARTCOIN/SOL hit a new all-time high.

> Massive volumes of FART token are being traded on Hyperliquid (DEX). At times, it’s testing BTC’s spot volumes.

> Most meme coins only get listed on Perp markets, which tends to lower the coin due to excessive bearish positions.

However, Fartcoin is aiming for a new all-time high as it holds strong even with the major CEXs yet to offer any spot listings for the Solana-based meme coin.

Therefore, if Binance, OKX, Coinbase, or Robinhood approve spot Fartcoin listings, the influx of new retail demand will renew a bull run. This could potentially propel the meme coin to a new all-time high.

Fartcoin Price Analysis: A 71% Bull Run Likely

The Fartcoin price crashed 85% from $0.011049 to $0.001585 between January 19 to March 4. However, the sharp reversal in the meme coin bounced back almost 350% to challenge the 100% Fibonacci level at $0.008513.

The short-term consolidation in the rising Solana-based meme coin forms an ascending triangle pattern. A supply zone at $0.0080 acts as the upper ceiling, with the uptrend forming the ascending trendline. The 40% breakout target projects the distance between the trendline and the ceiling to the breakout point, eyeing $0.01143, a new all-time high.

Based on the Fibonacci levels, the uptrend above the 100% level at $0.008513 will target the 1.618 level at $0.01273, a 71% upside potential.

Conversely, if the support trendline fails to hold FART token prices, a downfall could test the 50% Fibonacci level at $0.005094 and nullify bullish chances.

Conclusion

The rising community support, high perpetual contracts volume, and an active spot listing on Hyperliquid fuel the Fartcoin’s momentum. However, a key missing piece of the next bull run is the CEX spot listings.

If Binance, Coinbase or any other top-tier CEX offer a place for the FART token in the spot market, the meme coin could climb to a new all-time high.

Frequently Asked Questions (FAQs)

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