Solana-based memecoin Fartcoin (FARTCOIN) has outperformed the broader crypto market to this point in April, rising over 104% versus SOL being down 2% for the week. As of April 10, it was buying and selling for as excessive as $0.87.
FARTCOIN/USD vs. TOTAL crypto market cap 30-day efficiency. Supply: TradingView
The cryptocurrency’s outperformance seems regardless of US President Donald Trump’s seesaw tariff bulletins which have wiped practically $160 billion from the crypto market capitalization in April.
FARTCOIN has outperformed even different memecoins contained in the Solana ecosystem, the first being Official Trump (TRUMP), which has dropped by roughly 25% in April.
Because it appears, the third-largest Solana memecoin might rise one other 30% in April as a result of a traditional bullish continuation setup.
FARTCOIN bull flag hints a brand new highs
FARTCOIN’s bullish technical outlook arises from its prevailing bull flag setup.
On April 10, FARTCOIN was breaking out of the channel vary to the upside.
FARTCOIN/USDT four-hour value chart. Supply: TradingView
This development tasks a possible transfer towards $0.95—slightly below the psychologically vital $1 mark—by April.
The relative power index (RSI) is hovering in bullish territory above 66, suggesting there’s nonetheless room for additional positive aspects earlier than getting into overbought situations above the 70 mark.
Moreover, FARTCOIN’s value is gaining help from its 50-4H (purple) and 200-4H (blue) exponential shifting averages (EMA). So long as Fartcoin stays above them, the bull flag breakout could play out in full, probably leading to a rally to $0.95.
FARTCOIN mimicks Pepe’s path to a $3 billion market cap
Fartcoin is displaying the identical indicators that preceded Pepe’s (PEPE) explosive run from round $300 million to over $3 billion in market cap within the 2023-2024 interval, based on market analyst @theunipcs.
“I am speaking $300m to $500m in each day [spot] quantity,” the analyst wrote about Fartcoin whereas mentioning its absence at Binance, Coinbase, Bybit, Upbit, and OKX exchanges.
Previously 24 hours, FARTCOIN’s quantity has been over $446.84 million versus Bonk’s (BONK) $129.85 million and Shiba Inu’s (SHIB) $319.43 million, based on knowledge useful resource CoinMarketCap.
High memecoins and their value and quantity performances. Supply: CoinMarketCap
In the meantime, Fartcoin goes head-to-head with TRUMP, which posted roughly $661.78 million in buying and selling quantity over the previous 24 hours.
Nevertheless, onchain knowledge reveals that Fartcoin is processing practically double the worth in precise transfers, suggesting deeper engagement and utility regardless of TRUMP’s headline quantity figures.
FARTCOIN vs. TRUMP each day switch worth chart. Supply: SOLSCAN
Because of this, FARTCOIN seems to be in the midst of a strong hype-driven rally, which improves its interim bullish outlook.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a choice.
