Fartcoin Resumes Rally and Could Rise to $1.30 After Bullish Breakout

Trading volumes have nearly doubled in the past day and currently sit at $360 million, accounting for a third of FARTCOIN’s circulating supply.

Roughly a quarter of FARTCOIN’s spot trading volumes have been captured by the Solana-based decentralized exchange Orca. As a result, the platform saw its weekly volumes jump from a 2025 low of $2 billion to $3.6 billion last week.

Interest in meme coins has been surging lately and other Solana-based tokens within this category have benefited from the Fartcoin hype.

Dogwifhat (WIF) and Popcat (POPCAT) have emerged as notable winners lately with weekly gains of 12.2% and 31% respectively.

Meanwhile, Solana (SOL) has risen by 7% in the past week as well as higher trading fees and network activity resulted in higher demand for this utility token.

Market Cap Weighted Performance per Category – Source: DeFi Llama

A tool called Narrative Tracker from DeFi Llama that portrays which segments of the crypto market have been outperforming their peers shows that meme coins have delivered market-cap weighted returns of 42.9% today.

The last time this happened was on April 16 when FARTCOIN rose to $1. This was the first time that the token recaptured this level after its price collapsed in January.

FARTCOIN Could Rise by Another 9%

Looking at the hourly chart from Kraken, FARTCOIN just broke above its trend line resistance on strong trading volumes this morning during the Asian session.

There has been some selling pressure at this level as the Relative Strength Index (RSI) has entered overbought levels but no signs of a strong pullback yet.

The American session may put buyers’ commitment to pushing FARTCOIN higher to the test as it is the most liquid period of the day, meaning that traders will probably hunt for packs of stop orders to raise liquidity for the next big move.

Most of the selling has occurred above the $1.03 area so traders should keep an eye on how the price action behaves as it reenters this zone.

The MACD’s histogram shows that the rally may have entered a phase of exhaustion as it has posted four consecutive light green bars, meaning that positive momentum is decelerating.

To predict where the price of FARTCOIN could be heading next, the size of the ascending triangle’s base is typically used as a reference.

In this case, a projection gives us a potential climb to the $1.3 level that would result in a short-term gain of 9.2% if the rally continues.

Key Support Levels to Watch

The 21-day EMA stands as the most relevant support to watch if the price pulls back during the American session.

Meanwhile, looking at today’s volume profile, buying volumes have been strong at the $0.98 level. This gives traders an idea of where the price could land in case of a pullback. This could also be a good entry price if the price bounces off this level with strong volume.

Such a move could anticipate a push toward the $1.3 target in the next few hours. Meanwhile, below that level, FARTCOIN’s trend line resistance is the second most relevant support area to watch.

Fartcoin’s rally is a testament to the unpredictability of the meme coin space as assets with much stronger communities and loyal fan bases like Dogecoin (DOGE) and Shiba Inu (SHIB) have not managed to defy the market’s gravity as well as this Solana-based token.