Fartcoin (FARTCOIN/USD) Is Turning Heads with a 10% Rally

Fartcoin FARTCOIN/USD is turning heads with a 10% rally over the past week

Fartcoin FARTCOIN/USD is heating up with a 10% rally over the past week, outperforming meme coin heavyweights Dogecoin DOGE/USD and Shiba Inu SHIB/USD.

Also Read: Trader Explains Why Bitcoin Could Explode Towards $150K In A 'Last Chance' Scenario

As reported by trader Unipcs, the surge follows a wave of bearish sentiment from high-profile accounts, a setup that he says primes Fartcoin for another rally.

Unipcs adds that Fartcoin remains at the center of meme coin mindshare, especially as Bitcoin approaches new all-time highs. After enduring a brutal 92% correction, he thinks a full collapse is improbable, and that skeptics may be spreading fear to buy lower.

"We're now in a time when everyone's attention is on BTC and the altcoins are being largely ignored. This is a classic bull market setup, as the main trend can continue while a smaller-cap asset is setting up in relative silence. We're also getting a lot of skepticism towards Fartcoin, which might be a sign that we're close to a bottom," Unipcs stated.

Later, trader Cold Blooded Shiller noted that $1.20 is acting as a sticky resistance for Fartcoin, but signs of strength are returning on lower timeframes.

"Starting to get that LTF strength through here on FARTCOIN. $1.20 being sticky."

Artchick further highlighted that Fartcoin just posted its highest monthly close and has only closed higher on the weekly chart twice before.

"The market is too focused on the noise. We might be seeing the start of a historic, organic rally."

Finally, Kriesz, who calls himself the "Chief Farting Officer," pointed out that bullish technicals are forming on Fartcoin, including an ascending triangle and cup-and-handle pattern.

According to Kriesz's analysis, the technical setup could propel Fartcoin towards $1.66-$1.67, taking into account measured moves from past setups and liquidity zones.

Statistics: Stalkchain's data shows that Fartcoin was the most purchased token by smart money wallets in the last 24 hours, a bullish signal as momentum builds for the meme coin.