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solana-based Fartcoin (FARTCOIN) memecoin has surged 30% in the last three days to hit $1.57 as of May 22, its highest level in the last four months.
The rally extends Fartcoin’s strong year-to-date (YTD) performance—up 74.50%—amid the ongoing memecoin frenzy. In comparison, Bitcoin has risen 18% so far in 2025.
Technically, Fartcoin is trading within a well-defined ascending channel that began forming in early March, suggesting sustained bullish momentum.
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The memecoin has also broken above its 50-day exponential moving average (50-day EMA; the red wave), currently near $1.06, a key support level in uptrends.
FARTCOIN’s relative strength index (RSI) was hovering near 64 as of May 22, suggesting there is room to run before selling conditions emerge near the overbought threshold at 70.
If the uptrend holds, Fartcoin could retest the channel’s upper boundary near $2.74 by June, up 80% from the current price levels.

Trump adviser David Sacks says the GENIUS Act will pass the Senate with bipartisan support, potentially unlocking trillions in demand for US Treasurys.
Trump’s crypto czar David Sacks says stablecoin bill is ‘going to pass’
David Sacks, US President Donald Trump’s top adviser on crypto and artificial intelligence, said the administration expects the stablecoin bill to clear the Senate with bipartisan backing.
“We have every expectation now that it’s going to pass,” Sacks to, following a key procedural vote that saw 15 Democrats join Republicans to clear the filibuster threshold.

The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act is the most advanced federal effort yet to establish a legal framework for dollar-pegged digital assets.
Sacks said the bill could trigger “trillions of dollars” in demand for US Treasurys by unlocking stablecoin growth under clear rules.

“We already have over $200 billion in stablecoins — it’s just unregulated,” he added. “If we provide legal clarity, we create enormous demand for Treasurys practically overnight.”

#GENIUSAct #Stablecoins

With bullish momentum on BTC’s side, crypto trader noted that a Bitcoin price target for $135,000 remains in “play” for 2025. Tracking its returns with respect to key high time frame resistance and support levels over the past two years, the forecast uses the Fibonacci extension tool, which identifies price targets by measuring previous price swings. 
On the chart, the 1.618 Fibonacci level, drawn to a swing high from a swing low, aligns at $135,000–$140,000, identifying a potential target.
Veteran trader  acknowledged BTC’s new high but pointed out that such milestones are “not technically significant” during bull markets. The trader said, 
In comparison, technical analyst  set a much higher price level between $300,000 and $320,000. Gert van Lagen pointed to Bitcoin’s breakout from a 4-year bullish Megaphone Pattern, marked by diverging trendlines with higher highs and lower lows, signaling a potential sharp uptrend after breaking the upper resistance.

Using Elliott Wave Theory, the analyst noted that BTC is in the final Wave 5 of an impulse cycle, supporting the bullish case for another 170% to 190% Bitcoin rally.
While the markets edge toward euphoria, Alphractal CEO João Wedson recommended caution and patience for investors. The analyst noted that BTC heatmaps reveal price movement toward high-leverage zones, suggesting market makers may target overconfident traders for liquidations. $ public obsession over new all-time highs could create traps for both bulls and bears. Thus, it is imperative to “always manage your risk.” 


#BTCBreaksATH #BTC110KToday?

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