Fartcoin price has gained 289.2% since March, and recent sentiment data and media buzz point to a new potential ATH.
The fortcoin reflects steady, bullish Solana price action above the $1 mark.
The price of Fartcoin (FART) is currently trading at $1.23334, marking an impressive recovery from its early Q1 lows. If the price doubles from here, it will move past its all-time high of $2.75, and potentially set a new one.
Despite its playful name, Fartcoin has captured the attention of both serious traders and meme-loving retail investors. As such, a doubling in price is not far-fetched given its recent price action, which has seen gains for three consecutive months since March.
Solana’s price, whose performance has historically influenced the meme coins built on its blockchain, has extended its 22% monthly gains to $200 on the road.
If the Layer 1 blockchain tests this target level, fortcoin, which typically exhibits relative price movements, is also likely to rally mid-term.
Social activity skyrockets, fueling fortcoin price rally.
Fartcoin has exploded in popularity on X, Telegram and Discord in recent weeks, with @TheSolanaPost highlighting a rapid increase in community engagement, mirroring the meme coin's recent price boom and growing investor interest.
“Fartcoin continues to top the charts in social engagement across the Pumpfun ecosystem, with numbers still climbing,” said TheSolanaPost on X.
Several other crypto influencers weighed in, including CryptoGoodJohn who called the bullish wave the "last chance" to grab Fartcoin below $1.50 and urged his followers not to miss the next meme rally.
Meanwhile, another X influencer predicted a parabolic fortcoin price of $10 by the end of the current cycle. He attributed the bold claim to increased memecoin activity, an overall bullish market and FART's recent price breakout.
Derivative data shows that traders are bullish.
According to data from Coinglass, open interest has risen sharply by 10% over the past 2 years, indicating the behavior of confident traders who expect continued price increases.
With two key liquidation zones forming at $1.70 and $2.40, traders are now closely monitoring these levels for potential breakout signals.
If the bullish momentum continues and open interest remains stable, a decisive move above $1.70 could fuel a strong rally towards the $2.70 mark.
Even with a potential price pump hanging around the corner, buying pressure is still likely to persist and defend key levels like $1.00. need of
Similarly, fortcoin has strong foundations, an engaged community, and interest from KOLs and traders alike.
A break above $2.744 in Q2 looks increasingly "reasonable", especially given the recent surge in Bitcoin market cap to all-time highs.
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