Fartcoin Surges 9.93% as Bitcoin Breaks $111,000

Fartcoin's latest price was $1.55, up 9.933% in the last 24 hours. This surge has been influenced by the positive market sentiment, particularly the breakout of Bitcoin past $111,000. The substantial growth in Bitcoin's price has had a ripple effect on other cryptocurrencies, including Fartcoin, which has seen a surge in trading volume and investor participation.

One of the key factors contributing to Fartcoin's rally is the substantial purchase made by a well-known crypto trader with a 70.59% win rate. This trader bought nearly $500,000 worth of Fartcoin at a $1.52 billion market cap, which is seen as a bullish sign and may indicate a good time for others to add Fartcoin to their holdings. Additionally, another crypto expert noted that Fartcoin has broken out of a bullish flag and pole pattern, suggesting a healthy uptrend since mid-March 2025, with the next target appearing to be the $2.15 level in the coming days.

The technical analysis of Fartcoin shows a bullish outlook, with the memecoin reaching the $1.60 level, an area that typically acts as a zone of selling pressure. If Fartcoin breaks and closes above $1.60 on the daily chart, it could unlock a 50% rally toward the $2.40 level. The Relative Strength Index (RSI) sits near 64, firmly below the overbought threshold, leaving room for further gains without triggering major corrective pressure from momentum traders.

Fartcoin's price has also broken above the local resistance of $1.47, which marked the previous higher high, and is now printing another leg up. The next immediate target is around $1.60, a key level defined by the higher high prior to the rally that pushed the price toward its all-time high (ATH) of $2.60 in mid-January. Beyond that, another resistance lies at $2.20, which marks the daily closing highs from the time the price reached ATH. Once that is cleared, the path is open to retest the ATH, which would place Fartcoin in the price discovery territory.

Momentum indicators support the bullish outlook for Fartcoin. The RSI is at 62, still below overbought levels, and the MACD is on the verge of a bullish crossover, with bearish momentum fading as red histogram bars disappear. However, the rally may soon face short-term exhaustion due to increased profit-taking at current levels. According to smart money tracking platform StalkChain, Fartcoin was the most sold memecoin yesterday, a sign that smart money could be rotating out. Despite this, there is potentially room for more upside before that happens because the RSI is well below 70 and buyers are still in control as evident by price action above 20 EMA and green volume bars.