Fartcoin price surged 18% on to hit $1.25 on Thursday, consolidating its position as the third-largest memecoin on the Solana blockchain. Technical indicators now highlight key levels that traders must monitor if the ongoing crypto market rally propels Solana’s price to new 2025 highs above $200.
Fartcoin Price Holds Above $1.22 for the First Time Since January
Fartcoin price rose 18% to emerge one of the best-performing memecoins on Thursday, as Bitcoin’s surge to $100,000 lifted the broader crypto market.
As of press time on May 8, 2025, major assets like Ethereum and Solana have broken past multi-month resistance levels at $2,000 and $160, respectively, closely tracking Bitcoin’s momentum.
Fartcoin Price Action, May 8 2025 | Source: Coingecko
With investor risk appetite rising amid Trump’s renewed trade talks with the UK and China, low-liquidity assets on top memecoin ecosystems have experienced a demand spike.
While PEPE and Shiba Inu led the gains on Ethereum, Fartcoin rallied 23% to reach $1.22, reinforcing its rank as the third-largest memecoin on the Solana network.
According to CoinGecko data, Fartcoin has not recorded consecutive daily closes above $1.20 since January 2025, making this week’s price action a significant technical milestone.
What Fartcoin Traders Can Expect if Solana Price Crosses $200
Historical crypto trends suggest that when major layer-1 tokens like SOL and ETH rally, the increased retail participation often triggers parabolic breakouts in memecoins built on those networks.
The synchronized gains seen in PEPE and Fartcoin, mirroring Thursday’s bullish momentum in ETH and SOL, support this narrative.
Solana Memecoin Sector Performance, May 8, 2025 | Coingecko
Solana’s market capitalization now sits around $83 billion, significantly larger than Fartcoin’s $1.2 billion valuation, according to Coingecko data.
Solana Price Performance, May, 8, 2025 | Coingecko
Due to higher volatility and greater upside potential, Fartcoin price currently appears to be tracking Solana at a 2x correlation. In the past 24 hours, Fartcoin’s 18% gain notably outpaced Solana’s 9.3% rise by a factor of 2.
Based on this data-driven insight, if Solana climbs from its current price of $160 to $200, a move representing a 20% increase, Fartcoin could extend its rally by approximately 40%, targeting the $1.70 level as a potential next resistance zone.
Fartcoin Price Forecast: Bulls Eye $1.70 as Key Indicators Flash Strength
Fartcoin price surged 18.5% to $1.21, breaking above the mid-Bollinger Band and 4-day SMA at $1.06, signalling revived bullish momentum.
The recent bounce off $0.92, marked by a Zig Zag pivot low, came as price action respected the lower Bollinger Band, suggesting a volatility-driven rebound.
More so, True Strength Index (TSI) curling upwards from the neutral zone to 0.27, indicates a bullish crossover and early signs of positive momentum building again.
Fartcoin Price Forecast Today
Fartcoin price currently hovers just beneath the upper Bollinger Band at $1.28, which aligns with the April high near $1.2833 a critical resistance zone.
A decisive break above this level could open a path to the $1.70 region, a psychological target supported by prior Fibonacci extensions of the 0.1989 to 0.9848 leg.
Ethereum price forecast today suggests a similar pattern of Bollinger Band expansion and trend continuation, validating the bullish case for altcoins like Fartcoin.
Conversely, failure to clear $1.28 may trigger short-term profit-taking, pulling price back to the confluence support around $1.06. This area, backed by both SMA and Bollinger midline, remains crucial to sustain bullish structure.
A close below it would shift near-term sentiment neutral-to-bearish, exposing Fartcoin to $0.89 and $0.78 retracements.
For now, the current trends favors bull traders, with $1.70 in sight if Solana price advances towards $200.
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