title: A closely followed crypto analyst believes one red-hot meme token operating on Solana (SOL) may continue soaring even higher.

Pseudonymous analyst Altcoin Sherpa tells his 243800 followers on the social media platform X that artificial intelligence (AI)-based Fartcoin (FARTCOIN) may continue soaring even higher.

Crypto analyst Altcoin Sherpa is known for his closely followed market predictions. Now, he's set his sights on one hot meme token operating on Solana (SOL) that may continue soaring even higher.

In a recent X post, the analyst suggests buying Fartcoin (FARTCOIN) at a higher level when it breaches $1 or at a lower entry point at $0.70.

“I’d rather buy higher (break of $1) or lower (0.382 Fib = $0.7). This is either charging up for a big move up (maybe $1.25) or it’s going to pullback, I don’t have a clue where it goes in the short term. What I do know, however, is that this thing is going to go higher later on.”

According to Sherpa, FARTCOIN may make another attempt to break through the resistance at $0.96. However, he says the meme asset may first return to the .382 Fibonacci retracement level at $0.70.

Fartcoin hit a low of $0.265 on March 18th and is trading for $0.8542 at time of writing, up 222% in a month.

Next up, the analyst says that the SOL-based memecoin Bonk (BONK) has likely formed a local market bottom and is gearing up for a breakout.

“The relative short-term bottom is in in my opinion. Many strong alts have been in this range for about one month at this point. More consolidation and then a stronger move in one-two months in my opinion.”

BONK is trading for $0.00001182 at time of writing, down 1.1% in the last 24 hours.