Fartcoin Price Soars As This Solana Rival Raises $5M

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The Fartcoin price has soared 67% in the last 24 hours to trade at $1.25 as of 7:20 p.m. EST on a 16% pump in trading volume to $268 million.

This surge has powered FARTCOIN past Mog Coin to become the 9th-largest meme coin by market capitalization, according to CoinMarketCap.

CMC

Fartcoin Price Rebounds On A Strong Support Zone

The 4-hour chart for (FART/USD) shows a strong uptrend driven by strong technical signals and market momentum. The price has steadily built a foundation with key support zones around $0.50 and $0.60, which have repeatedly acted as critical levels where buyers re-entered to drive the price higher.

The price overcame a significant resistance at $1.20, which had previously capped upward movement. This breakout, combined with sustained momentum, has pushed Fartcoin to its current trading level of $1.27, signalling a shift in market sentiment and further upside potential.

Fartcoin price

FARTCOINUSD Analysis Source: Dextools.io

The breakout aligns with a parabolic curve formation, often indicative of accelerating momentum and growing investor confidence, supported by the moving averages, with the 50-period SMA at $0.89 acting as dynamic support for short-term corrections and the 200-period MA at $0.50 providing a strong long-term foundation. The earlier golden cross, where the 50-period SMA moved above the 200-period SMA.

The MACD (Moving Average Convergence Divergence) shows the MACD line well above the signal line, with increasing histogram bars signalling growing buying strength. This suggests that the uptrend is accelerating rather than losing steam.

Similarly, the RSI (Relative Strength Index) is currently at 71.14, indicating overbought conditions. While an RSI above 70 often signals the potential for short-term consolidation or pullback, it also reflects the strong demand driving the price higher.

With the breakout above $1.20, the price has entered a new territory of bullish potential. The next major resistance is projected at around $1.40, which could act as a key target for traders if the momentum persists.

Conversely, the $1.20 level, now turned support, will likely serve as a critical safety net in the event of a pullback. Below that, $0.89, where the 50-period SMA resides, acts as secondary support.

Solaxy Presale Blasts Past $5.2 Million – Best Crypto To Buy Now?

As Fartcoin price traders anticipate a further bullish surge, investors are also buying into a new Solana-based meme coin called Solaxy (SOLX), which has raised over $5.3 million in its presale funding.

According to an analyst on the 99Bitcoins YouTube channel with over 719K subscribers, SOLX has the potential to soar 100x after its launch.

Solaxy, the first-ever Solana Layer-2 solution, aims to tackle persistent issues such as spam transactions and network congestion, challenges that continue despite Solana’s strong performance in 2024.

Through its innovative roll-up architecture, Solaxy enhances performance, scalability, and customization, offering a superior blockchain experience for both developers and end-users.

🚨 Solaxy is now live in Upcoming Tokens! 🚨@SOLAXYTOKEN gives holders an opportunity to join the first-ever Solana Layer 2 blockchain.

Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.… pic.twitter.com/satNF6zFNF

— Best Wallet (@BestWalletHQ) December 17, 2024

The network’s native token, $SOLX, is a multi-chain asset that seamlessly bridges activity and attracts buyers from both the Ethereum and Solana ecosystems. This cross-chain functionality extends its reach and ensures easy access to two of the most prominent blockchain networks.

Beyond its versatility, $SOLX provides holders the opportunity to earn passive income through staking, offering an impressive annual yield of 766%.

Investors interested in joining the presale can purchase SOLX tokens on the official Solaxy website at the current price of $0.001578 per token using BNB, ETH, USDT, or a bank card.

With the presale price set to increase in less than 20 hours, buy soon to secure the best deal.

Buy SOLX tokens here.

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