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Cryptocurrency News Articles

Fartcoin (FARTS) Price Soars 18% to Hit $1.25, Consolidating Its Position as the Third-Largest Memecoin on the Solana Blockchain

May 09, 2025 at 07:13 am

Fartcoin price surged 18% on to hit $1.25 on Thursday, consolidating its position as the third-largest memecoin on the Solana blockchain.

Fartcoin price surged 18% to hit $1.25 on Thursday, consolidating its position as the third-largest memecoin on the Solana blockchain. Technical indicators now highlight key levels that traders must monitor if the ongoing crypto market rally propels Solana’s price to new 2025 highs above $200.

As major assets like Ethereum and Solana broke past multi-month resistance levels of $2,000 and $160, respectively, closely tracking Bitcoin’s momentum, investors’ risk appetite increased amid Trump’s renewed trade talks with the UK and China.

This led to a surge in demand for low-liquidity assets on top memecoin ecosystems, with PEPE and Shiba Inu leading the gains on Ethereum.

However, Solana’s ecosystem saw Fartcoin experience even more significant gains, rallying 23% to reach $1.22 and reinforcing its rank as the third-largest memecoin on the network, according to CoinGecko.

The last time Fartcoin price saw consecutive daily closes above $1.20 was in January 2025, making this week’s price action a significant technical milestone.

What Fartcoin Traders Can Expect if Solana Price Crosses $200

When major layer-1 tokens like SOL and ETH rally, the increased participation from retail traders often triggers parabolic breakouts in memecoins built on those networks, according to historical crypto trends.

The synchronized gains seen in PEPE and Fartcoin, mirroring Thursday’s bullish momentum in ETH and SOL, support this narrative.

Solana’s market capitalization is currently around $83 billion, significantly larger than Fartcoin’s $1.2 billion valuation, according to data from CoinGecko.

Due to higher volatility and greater upside potential, Fartcoin price appears to be tracking Solana at a 2x correlation. In the past 24 hours, Fartcoin’s 18% gain notably outpaced Solana’s 9.3% rise by a factor of 2.

Based on this data-driven insight, if Solana climbs from its present price of $160 to $200, a move representing a 20% increase, Fartcoin could extend its rally by approximately 40%, targeting the $1.70 level as a potential next resistance zone.

Fartcoin Price Forecast: Bulls Eye $1.70 as Key Indicators Flash Strength

Fartcoin price surged 18.5% to $1.21, breaking above the mid-Bollinger Band and 4-day SMA at $1.06, signalling a return of bullish momentum.

The recent bounce off $0.92, marked by a Zig Zag pivot low, occurred as price action respected the lower Bollinger Band, suggesting a volatility-driven rebound.

More importantly, True Strength Index (TSI) is curling upwards from the neutral zone to 0.27, showing a bullish crossover and early signs of positive momentum building again.

Fartcoin price is currently a sliver away from hitting the upper Bollinger Band at $1.28, which coincides with the April high near $1.2833—a critical resistance zone.

A decisive break above this level could open a path to the $1.70 region, a psychological target supported by prior Fibonacci extensions of the 0.1989 to 0.9848 leg.

With Ethereum price also showing a similar pattern of Bollinger Band expansion and trend continuation, it furthers the bullish case for altcoins like Fartcoin.

However, failing to clear $1.28 might trigger some short-term profit-taking, leading to a correction towards the confluence support around $1.06. This area, reinforced by both SMA and Bollinger midline, remains crucial to sustain the bullish structure.

A close below it would shift near-term sentiment neutral-to-bearish, potentially exposing Fartcoin to deeper retracements at $0.89 and $0.78.

For now, the trends favor bull traders, especially with $1.70 in sight if Solana price manages to reach $200.

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Other articles published on May 09, 2025