FartCoin emerged as one of the hottest meme coins, having given giants such as DOGE, PEPE, and perhaps Bitcoin themselves a run for their money this month. An impressive rise of 105% over the past month and 18% in just the last 24 hours has seen it hit $1.18.
FartCoin’s market cap has reached $1.8 billion, supported by a heavy trading volume of $434.75 million, implying investors’ interest. Will this meme coin outperform the market leaders with a breakout rally? Let’s find out.
FartCoin Price Analysis: Cup and Handle Pattern
The FartCoin price action on the 1-day chart shows that a cup and handle pattern is formed, followed by a bullish engulfing candle. The meme coin’s price action is showing bullish sentiment backed by a change in market structure and increased volume.
The price is now breaking the resistance at the top of the handle, which typically signals continuation.
Should the current pattern play out, it would mean that one could estimate a target for this move by measuring the height of the cup and projecting it upwards from the breakout point. This could imply a target of around $1.50 to $1.60 in the short run.
The FartCoin chart is showing bullish divergence as momentum increases in the attempt to break resistance.
Price meets with very strong resistance at $1.18(0.618) Fibonacci retracement) and further resistance at $1.20 and $1.24.
RSI is in the overbought zone. Based on this, there may be a pullback. Traders should keep an eye on the key support levels of $0.95 and $1.00 as these levels are critical for maintaining a bullish momentum.
The positive MACD histogram bars validate that the MACD line and the Signal line divergence are increasing, showing strong bullish momentum, which can carry the upward movement for some time.
The MACD value stands at 0.13830, demonstrating that the strength behind the bulls is quite good. Also, the Signal line value below the MACD line of 0.11373 strengthens the bullish perspective.
Whale Activity and Profit Bookings
Based on a tweet from OnchainLens, a whale has sold 4 million FartCoin for $4.57 million USDC for $1.14. With the offloading move, the entity booked a profit of $7.66 million.
The whale spent 35.5 WBTC ($3.03 million) to buy a total of 10.68 million FartCoin between Feb 26, 2025, and Mar 21, 2025.
In total, the whale has sold 5.8 million FartCoin for $5.26 million and still holds 4.88 million FartCoin worth $5.43 million.
