Fartcoin (FRTC), a Solana-based meme coin, has shown impressive performance this week, witnessing a remarkable 100% surge and reaching a price of $1, with trading volumes hitting a historic $220.68 million.
Over the past 15 days, FRTC’s price has surged by a staggering 550%, including a 21.70% rise within the last 24 hours.
The coin continues to trade within a steep ascending channel, indicating robust demand from buyers.
The 1.618 Fibonacci Extension at $0.86 has been decisively broken, affirming the coin’s bullish strength.
The next immediate target lies at the 2.0 Fibonacci Level around $1.10, which may act as a resistance level in the short term.
The $1.10 level represents a potential resistance point. However, given the current trajectory and strong bullish momentum, Fartcoin could break past this level and aim for $2 in the near term.
As long as FRTC remains within the ascending channel and breaching the boundary, the bullish trend is likely to persist.
Also read: Bluzelle Coin Price Prediction: What’s Next for BLZ’s Rally?Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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