Fartcoin (FARTCOIN), a Solana-based meme token, remained under pressure despite a brief rebound ahead of its Coinbase listing.

As of June 12, 2025, the token trades at $1.41, gaining 10% in the last 24 hours but still down 46% from its January peak of $2.61.

Fartcoin (FARTCOIN) remained pressured despite showing signs of brief strength ahead of its Coinbase listing. As of June 12, the token is changing hands at $1.41, gaining 10% in the last 24 hours but still down 46% from January highs of $2.61. However, broader sentiment around meme coins remains muted, with the sector trading roughly 50% below previous cycle highs.

Coinbase announced plans to enable FARTCOIN-USD trading on June 12 at 12 p.m. ET, pending sufficient liquidity. The listing applies to both the Coinbase retail platform and Coinbase Exchange. While the move is expected to increase accessibility and improve market depth, investors are largely indifferent, considering most meme tokens have failed to sustain rallies following initial exchange listings in recent months.

Fartcoin’s listing comes as Solana-based meme coins are seeing mixed performance despite signs of increased on-chain activity and seasonal altcoin rotation. The lack of clear utility and overreliance on speculative flows have raised concerns over the long-term viability of such assets.

Analysts Flag Breakout Potential After Coinbase Cue

Fartcoin’s price action drew renewed attention following its June 12 listing on Coinbase, a move that traders on X describe as a possible inflection point. The listing, set to enable spot trading for the Solana-based meme coin on a tier-one U.S. exchange, has sparked lively discussion over the token’s potential.

Multiple analysts have identified bullish technical setups. An analyst, RookieXBT, highlighted Fartcoin’s breakout above a descending trendline, followed by a reclaim of the $1.30 level and a test of resistance near $1.44. MacroCRG noted that the timing coincides with a potential top in Bitcoin dominance and the onset of altcoin rotation—suggesting favorable conditions for meme tokens like Fartcoin to outperform.

OnchainLens flagged rising holder activity and wallet distribution concentration as factors that may limit downside while fueling volatility. As of June 12, on-chain data shows 135,654 holders.

Another trader acknowledged the token’s retail appeal and Coinbase’s attempt to counter Robinhood’s meme coin dominance but cautioned that tier-one listings often result in profit-taking. For now, technicals and liquidity cues support a short-term bullish bias.

But Resistance Levels Cap Fartcoin Price Action

Fartcoin (FARTCOIN) displayed early signs of bullish continuation, yet key resistance levels capped further upside progress. The token recently reclaimed the 20-day EMA and is attempting to maintain gains above the 0.382 Fibonacci level, currently at $1.15. This $1.15 region offers immediate support and coincides with the 50-day (purple) EMA confluence and previous range lows.

A breakdown below this zone would expose the next support at $0.89, aligning with the 0.236 Fibonacci zone and historical demand.

On the upside, the first hurdle lies at $1.60, where the price previously failed to close above on multiple occasions. A successful close above this zone would open the path toward the next major resistance at $1.93. The Relative Strength Index (RSI) is currently neutral at 56, indicating the potential for additional upside before reaching overbought levels.

Fartcoin’s recent breakout is supported by momentum, but confirmation will depend on whether the token can sustain its structure above the $1.15 support base while advancing toward a retest of $1.60. Until price decisively clears this threshold, the recovery remains vulnerable to rejection. For now, the token is trading in a tightening range, with clearly defined inflection zones on either side.

As such, despite the social media hype and Coinbase listing, it seems that $2 is still far away for the meme coin.