Fartcoin Rallying in the Solana Ecosystem

Fartcoin (FARTCOIN), the third-largest meme coin on the Solana ecosystem, has surged to $0.60, its highest value since February 11, marking a 180% increase from its year’s low. This rebound pushed its market cap to $510 million.

The resurgence of Fartcoin parallels the broader recovery of Solana meme coins, with Bonk (BONK) increasing by 35% and Dogwifhat (WIF) and Popcat (POPCAT) both soaring over 20%. Consequently, the total market cap of all Solana meme coins has grown from $7.5 billion to $8.6 billion.

Additionally, the recovery comes amid a rise in other cryptocurrencies, with Bitcoin surpassing $88,000 and Ethereum climbing above $2,000. The total cryptocurrency market cap is now at $2.87 trillion.

The rally was further fueled by media reports regarding Donald Trump’s tariffs excluding certain industrial items, which also spurred a 1.5% increase in U.S. equities, including the Dow Jones, Nasdaq 100, and S&P 500.

Launched in October, Fartcoin was initially one of the strongest performers in the meme coin sector, escalating from $0.012 to $2.70, with its market cap increasing from under $22 million to over $2.4 billion.

Bullish Patterns in Fartcoin’s Price

The daily price chart reveals that Fartcoin bottomed at $0.2015 earlier this month and has since recovered to $0.60. It is currently at its highest level since February.

Fartcoin trades at the 78.6% Fibonacci retracement level and is forming a rounded bottom pattern, indicating a potential shift in market sentiment as selling pressure diminishes. Momentum indicators, including the Relative Strength Index and MACD, reflect upward momentum, suggesting a continued rise as bulls aim for resistance at $1.3732, approximately 135% above current levels.