Fartcoin Price Prediction: FARTCOIN Could Explode to $2 After Coinbase Listing

Fartcoin (FARTCOIN) has been rallying again and has booked 7-day gains of 40.2% already as Solana meme coins have made a strong comeback.

In the past 24 hours alone, Fartcoin has gone up by nearly 7% as trading volumes have surged by 40%.

The token is already breathing down the neck of Bonk (BONK) and could soon surpass the latter’s market cap as it has shortened its distance to just $15 million at the time of writing.

Other meme coins like dogwifhat (WIF) and Popcat (POPCAT) have also been rising in the past week but none to the extent of these two.

Fartcoin’s recent rally has been caused primarily by Coinbase’s listing of perpetual futures for this token. Its inclusion was confirmed just two days ago.

On June 5, the crypto exchange included the meme coin in its famous roadmap for new asset listings.

Can Coinbase’s listing provide enough liquidity to propel this meme coin to $2? Join us in this Fartcoin price prediction as we have a look at the latest price action.

Fartcoin Price Prediction: Key Support Retest Would Support a Bullish Outlook

On June 9 when Coinbase listed Fartcoin, the token broke above the $1.2 level. This was a key resistance to watch and trading volumes were strong enough to cut it like butter.

The rally seems to have encountered strong selling pressure at $1.5 as seen in the 4-hour chart above. In this time frame, the Relative Strength Index (RSI) has already reached overbought levels and it has declined below its 14-day moving average.

This shows that bullish momentum is weakening as early buyers could now take some profits off the table and wait for a pullback to re-enter a long position that offers a higher risk-reward ratio.

The price action shows how relevant the $1.2 support is for the market as it has been tagged multiple times both as support and resistance.

Hence, the ideal entry for a long position at this point would be once the price retests this level. If Fartcoin bounces off $1.2, this would provide the necessary liquidity to push the price of the token to its next target, which currently sits at $1.6.

So, can Fartcoin reach $2? It sure can, as long as that $1.2 support holds if a correction unfolds in the next couple of days.

In the meantime, the best crypto presales of this year like Solaxy (SOLX) offer even higher upside potential. This is a powerful layer-2 scaling solution for Solana and its presale event will end in just 5 days.

Solaxy (SOLX) Nears $50M Raised and Plans to Launch Its L2 This Month

Solaxy (SOLX) aims to eliminate the congestion issues that have affected the performance of the Solana blockchain during peak usage periods.

The project achieves this through a side chain that bundles transactions offline to alleviate the mainnet’s burden.

Solaxy strengthens the Solana ecosystem by ensuring that the network can continue to be efficient as transaction volumes coming from meme coins and higher DeFi activity keep rising.

The demand for the solution’s utility token, $SOLX, will skyrocket once top wallets and exchanges adopt Solaxy.

To buy $SOLX at its discounted price before the presale ends, head to the Solaxy website and connect your wallet (e.g. Best Wallet). You can either swap USDT or SOL or use a bank card to invest.

Alejandro Ar