Can Fartcoin price surge 135% and revisit its all-time high?

Nansen data shows that the volume of Fartcoin tokens on exchanges has continued falling this week. There are now 142.5 million tokens on centralized exchanges like Kraken, Gate, KuCoin, and Bitget, down from 153 million a week ago.

The eight-hour chart shows that Fartcoin has been in a strong uptrend over the past few months. It bottomed at $0.2038 in March and then rebounded, peaking at $1.20 on Wednesday. 

Fartcoin has formed a cup and handle pattern, with its upper side at $0.9850 and a depth of approximately 80%. Measuring this distance from the cup’s upper boundary gives it a price target of $1.7590, around 55% above the current level. A breakout above this target could set the stage for a move toward its all-time high of $2.73. #FARTCOIN📈