#MarketRebound

Crypto Markets Rebound as Fartcoin Leads Today's Gains in Alts

Solana-based meme coin FARTCOIN is today’s top-performing asset, climbing almost 20% in the last 24 hours. The meme coin extended its gains after Coinbase added it to its listing roadmap on June 5.

Technical and on-chain data signal that market participants are pricing in a potential Coinbase listing, historically known to provide a short-term price boost for newly added assets.

Since Coinbase announced FARTCOIN’s inclusion in its listing roadmap, there has been a surge in trading activity around the meme coin. Technical readings show a marked increase in buy-side volume, hinting at the possibility of an extended rally.

For example, readings from the token’s Moving Average Convergence Divergence (MACD) indicator show that a golden cross has been formed. This bullish signal typically suggests growing upward momentum.

FARTCOIN’s RSI reading highlights the growing demand for the altcoin, which could push it to new highs in the short term.

FARTCOIN Inches Closer to $1.46, But Profit-Taking Poses Risks

The meme coin trades at $1.25, inching closer to the resistance at $1.29. If demand strengthens and FARTCOIN flips this price level into a support floor, it could open the door to a rally toward $1.46.

However, if profit-taking commences, this bullish outlook will be invalidated. In that scenario, FARTCOIN could lose its recent gains and fall to $1.16.

Should this level fail to hold, the FARTCOIN token could correct further to $0.94.