- FARTCOIN has surged 300% to $1.45, with technical and on-chain indicators suggesting the rally isn’t over.
- Strong buying pressure and a low MVRV ratio hint at a potential move toward $2 or higher.
FARTCOIN, the Solana-based memecoin known for its quirky name and explosive price action, has stunned the market once again. The coin surged to $1.45 this week, extending its 90-day rally to an eye-popping 300%. While such parabolic moves often trigger profit-taking, technical and on-chain signals suggest the top may still be far off.
Despite briefly dipping to $1.20 on May 19, FARTCOIN rebounded strongly, maintaining a clear bullish trajectory. The memecoin has yet to undergo a significant correction since March, and recent price action shows consistent higher highs—classic behavior in a strong uptrend.
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A key technical indicator, the Chaikin Money Flow (CMF), has flipped above the zero line to 0.21, signaling strong buying pressure. This suggests that investors are still accumulating FARTCOIN, rather than distributing it. If this trend holds, the price could easily revisit the psychological $2 level—and potentially aim higher.
From an on-chain perspective, the Market Value to Realized Value (MVRV) ratio stands at 1.75. This is well below the historical top range of 2.87–3.20, implying that FARTCOIN remains undervalued relative to its past peaks. As long as the MVRV stays below that danger zone, upward momentum could persist.
The Awesome Oscillator (AO) and Relative Strength Index (RSI) also support this bullish case. The AO remains in positive territory, indicating sustained bullish momentum, while the RSI above 50 reinforces the view that buyers are in control.
Chart patterns add further weight to the outlook. A rounding bottom formation points to a possible move back toward January’s high of $2.61. Near-term targets include $1.75 and $2.13—levels aligned with Fibonacci retracement zones and previous resistance.
Of course, no rally is without risk. Should FARTCOIN lose its footing below $1.14, the price could fall as low as $0.70. But for now, the bulls remain firmly in charge.
FARTCOIN’s fundamentals and technicals are flashing green. Despite its 300% surge, this memecoin may still have room to run.