FARTCOIN: The Solana-Based Memecoin That’s Defying the Market Trend
Outperforming the Broader Crypto Market
Solana-based memecoin FARTCOIN has outperformed the broader crypto market so far in April, rising over 104% versus SOL being down 2% for the week. As of April 10, it was trading for as high as $0.87.
The cryptocurrency’s outperformance appears despite US President Donald Trump’s seesaw tariff announcements that have wiped nearly $160 billion from the crypto market capitalization in April.
Outperforming Other Memecoins
FARTCOIN has outperformed even other memecoins inside the Solana ecosystem, the primary being Official Trump (TRUMP), which has dropped by approximately 25% in April.
As it seems, the third-largest Solana memecoin could rise another 30% in April due to a classic bullish continuation setup.
Bull Flag Setup
FARTCOIN’s bullish technical outlook arises from its prevailing bull flag setup.
On April 10, FARTCOIN was breaking out of the channel range to the upside.
This trend projects a potential move toward $0.95—just under the psychologically significant $1 mark—by April.
The relative strength index (RSI) is hovering in bullish territory above 66, suggesting there’s still room for further gains before entering overbought conditions above the 70 mark.
Additionally, FARTCOIN’s price is gaining support from its 50-4H (red) and 200-4H (blue) exponential moving averages (EMA). As long as Fartcoin stays above them, the bull flag breakout may play out in full, potentially resulting in a rally to $0.95.
Comparison to Pepe’s Market Cap
Fartcoin is showing the same signs that preceded Pepe’s (PEPE) explosive run from around $300 million to over $3 billion in market cap in the 2023-2024 period, according to market analyst @theunipcs.
“I’m talking $300m to $500m in daily [spot] volume,” the analyst wrote about Fartcoin while mentioning its absence at Binance, Coinbase, Bybit, Upbit, and OKX exchanges.
In the past 24 hours, FARTCOIN’s volume has been over $446.84 million versus Bonk’s (BONK) $129.85 million and Shiba Inu’s (SHIB) $319.43 million, according to data resource CoinMarketCap.
Meanwhile, Fartcoin is going head-to-head with TRUMP, which posted approximately $661.78 million in trading volume over the past 24 hours.
However, onchain data reveals that Fartcoin is processing nearly double the value in actual transfers, suggesting deeper engagement and utility despite TRUMP’s headline volume figures.
Conclusion
FARTCOIN appears to be in the middle of a powerful hype-driven rally, which improves its interim bullish outlook. As a result, it is expected to continue its upward trend, potentially reaching new highs.
FAQs
Q: What is FARTCOIN?
A: FARTCOIN is a Solana-based memecoin that has gained popularity in recent months.
Q: Why has FARTCOIN outperformed other memecoins?
A: FARTCOIN’s outperformance can be attributed to its bullish technical outlook, which is driven by its prevailing bull flag setup.
Q: Is FARTCOIN likely to continue its upward trend?
A: Yes, FARTCOIN’s bullish technical outlook and onchain data suggest that it is likely to continue its upward trend, potentially reaching new highs.
Q: What is the potential market cap of FARTCOIN?
A: According to market analyst @theunipcs, FARTCOIN has the potential to reach a market cap of $300m to $500m in daily [spot] volume.
Q: Is FARTCOIN listed on major exchanges?
A: No, FARTCOIN is currently not listed on major exchanges such as Binance, Coinbase, Bybit, Upbit, and OKX.
