Growth Points Round 1️⃣ 1️⃣ Summer Lucky Grand Draw is on fire!
Draw now for your chance to win an iPhone 16 Pro Max and exclusive merch!
👉 https://www.gate.com/activities/pointprize?now_period=11
🎁 100% win rate! Complete simple tasks like posting, liking, commenting in Gate Post to enter the draw.
iPhone 16 Pro Max 512G, Gate hoodies, Sportswear, popular tokens, Futures Vouchers await you!
Collect just 2 fragments to easily redeem Gate merch—take your rewards home!
Ends on June 4th, 16:00 UTC. Try your luck now!
More info: https://www.gate.com/announcements/article/45185
Fartcoin Price Eyes $2 After Whale Accumulation and Tier-1 Listing Surge
Fartcoin (FARTCOIN), the Solana-based meme coin that’s captured crypto’s comedic spirit, shows signs of a bullish breakout after rebounding from a market dip. The token has risen over 40% in the past month, drawing attention from technical analysts and whales. FARTCOIN currently trades at $1.3, after securing an over 28% increase in trading volumes in the last 24 hours.
Despite a weekly 7.1 % correction to $1.34 that wiped out over $130 million in market cap, Fartcoin’s momentum appears intact. A key signal of this confidence came when a notable whale purchased 1.14 million FARTCOIN tokens—worth roughly $1.37 million.
According to Lookonchain, the same investor has allocated $5.86 million into Solana-based meme coins and currently holds $658,000 in unrealised profits. This vote of confidence, especially during a pullback, underscores strong institutional or high-net-worth support for FARTCOIN.
Further, as FARTCOIN consolidates near key support, bullish indicators and increasing investor interest suggest a possible run toward the $2 level and beyond.
Technical Indicators Reflect Bullish Momentum
Fartcoin’s 4-hour price chart reveals conflicting signals. The technical chart displays a typically bearish descending triangle pattern, but price action within an ascending channel and recent bullish reactions suggest otherwise.
The coin is flirting with the lower boundary of its Bollinger Bands, a setup that often precedes a high-volatility move. However, the MACD is slightly bearish, and the RSI is sliding at 52, a neutral zone. FARTCOIN remains above its 20-day SMA. A breakout above $1.40 could invalidate the bearish thesis.
The Fear & Greed Index currently sits at 71, indicating Greed, with bullish sentiment reflecting optimism from traders and long-term holders.
Listing on Hyperliquid and Price Forecasts Up to $2.74
FARTCOIN’s recent listing on tier-1 decentralised exchange Hyperliquid which happened on May 13, catalysed a sharp rally from $1.25 to $1.45 within 24 hours.
Analysts identified this move as a bull flag breakout, hinting at further upside. Open Interest surged to $288.41 million, according to Santiment, signalling amplified market activity and derivatives demand.
According to technical predictions, short-term resistance lies at $1.40, $1.45, and $1.48. If Fartcoin breaks above the critical $1.55 resistance zone, the path opens to $2.13, potentially toward its previous ATH of $2.62.
Some forecasts place FARTCOIN at $1.68 by May 26, 2025, while others extend price targets to $2.74 or even $3, contingent on volume spikes and bullish sentiment.However, if selling pressure intensifies, failure to hold current levels could trigger a retreat to $1.14, $1.09, or possibly the $0.98 zone.
Highlighted Crypto News for Today
SEC Sues Unicoin Top Executives for a Massive $100M Fraud