Will Fartcoin Be the Next $1 Meme Coin? Traders Eye Key Breakout Zone

Fartcoin (FART) has been a rare success history this year as this Solana-based meme coin defied the wider market’s decline and managed to more than triple its price in the past month. However, a portion of that rally has been sold off lately, possibly as early buyers have taken some profits off the table. Fartcoin has 2 paths, it can go up or it can go down (but mostly dependent on BTC) Still long with a large bag of this for now pic.twitter.com/uq9xkGYPbE — Altcoin Sherpa (@AltcoinSherpa) April 21, 2025 Despite this recent weakness, FART has still delivered monthly gains of 88.9%. This makes it one of the top-performing assets in its category during this period. As the selling pressure eases, this could be an opportunity to grab FART at a lower price as technical indicators show that momentum has shifted and currently favors a bullish short-term outlook. FART Could Unlock Significant Liquidity If It Pushes Through its 21-day EMA Looking at the daily chart, we can see that there has been significant selling pressure for FART once the price got to the $0.001825 area for a second time. The latest rebound also pushed through the 21-day exponential moving average (EMA) but the move was quickly met by a selling spree that plunged the price for five days in a row. However, today’s rebound is confirming that FART has made a higher low, meaning that the price is now on an uptrend. This means that the next push could result in a climb above the most recent higher high. Momentum indicators in the daily chart are favoring a bullish outlook as well as the Relative Strength Index (RSI) remains above its 14-day simple moving average (SMA) while the MACD is in positive territory still. Another bullish breakout above the 21-day EMA will increase the odds of FART making a higher high as the market attempts to reach the liquidity area highlighted in the chart. In this area, many short positions were taken. If the market manages to push the price above $0.002363 it will trigger a short-squeeze that could raise the price of FART dramatically in the near term. As Solana-based meme coins continue to gain popularity, the need for a layer-two scaling protocol for the network like Solaxy becomes more and more evident. Solaxy (SOLX) Raises Nearly $31M to Launch its Powerful L2 Solaxy (SOLX) launched its presale event in December last year and since then it has been drawing significant attention from investors as its L2 fixes Solana’s congestion issues. In January, when TRUMP and MELANIA were launched, both users and exchanges experienced transaction errors and delays that negatively impacted Solana’s reputation. By bundling transactions offline in a side chain before sending them to the mainnet, Solaxy alleviates the network’s burden and increases its efficiency. $SOLX is the native asset of this L2 protocol. Once Solaxy becomes widely adopted by exchanges and wallets, the demand for this utility token will skyrocket. Hence, at its discounted price of $0.0017, $SOLX offers significant upside potential to early buyers. However, don’t wait too long if you want to invest in this project as the presale event will end soon. To buy $SOLX, simply head to the Solaxy website and connect your wallet (e.g. Best Wallet ). You can either swap USDT or ETH for this token or use a bank card to make your investment. The post Will Fartcoin Be the Next $1 Meme Coin? Traders Eye Key Breakout Zone appeared first on Cryptonews .

Source: cryptonews