Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology…
Fartcoin (FARTCOIN) continues to consolidate to the north of $1 per token as Friday Asia trade gets underway, with chart analysis suggesting that the path of least resistance points at further upside in the weeks ahead.
FARTCOIN, a Solana-based humor and community-focused meme coin, has been the talk of crypto in wake of a stunning rally of more than 5x in the past few weeks since the early March lows.
The meme coin remains in a strong uptrend and, while a near-term drop back to major moving averages in the $0.83 and $0.57 areas is possible, momentum is strong right now.
One meme coin trader predicted new record highs for FARTCOIN in May.
New fartcoin ATH in May
Bookmark this. pic.twitter.com/aSEcgvYXQA
Popular altcoin trader Alton Sharpa, meanwhile, posited in a recent X post that the recent dip back to $1.0 per coin could have been the near-term low.
Fartcoin
was that the low? pic.twitter.com/bJFGt27V4z
Fartcoin’s impressive rally comes at a time when the broader crypto market has been enjoying a strong recovery as trade war concerns fade somewhat.
Messaging from the White House on tariff plans has been mixed and confusing in recent days. But markets are getting the sense that the White House is “caving” in to pressure to not be so reckless with tariffs and the e conomy.
That has been boosting risk appetite, with traders subsequently pouring back into risky altcoins, including meme coins like Fartcoin.
However, crypto traders tempted to dive into Fartcoin right now risk being exit liquidity for smart money.
That’s according to unchain analytics firm Stalkchain, who noted FARTCOIN was the crypto asset most sold by smart money over the past 24 hours in an X post.
#FARTCOIN is the most sold token by smart money in the last 24 hours pic.twitter.com/pcX8cyRgOr
Smart money wallets tracked by the likes of Stalkchain are renowned for buying crypto assets around their price bottom and selling around their price tops.
Crypto traders should take this as a warning that a near-term FARTCOIN price peak could have been reached already, or could be close.
Traders should note – unless macro conditions continue to improve in the days and weeks ahead, the recent crypto rally could easily run out of fume.
Could trade war concerns continue to abate? Yes, and that could be a catalyst for more upside.
But risks to the US economy are otherwise to the downside in the coming months, and amid concerns about sticky inflation, the chances of massive Fed easing anytime soon remains remote.
Crypto traders would do well not to get too overzealous chasing FARTCOIN, or any other crypto (apart from Bitcoin) higher right now.
Things can get a lot worse before they get better for crypto markets. But when “meme season” does eventually return, FARTCOIN is likely to be very much at the forefront of meme coin outperformers.
The meme coin’s irreverent fart-themed branding and community-driven engagement resonate deeply with internet culture, driving viral adoption.
Its $1.13 billion market cap, per CoinMarketCap, and robust trading volume signal strong investor interest.
Built on Solana’s high-speed blockchain, FARTCOIN ensures low-cost transactions, enhancing accessibility.
With a loyal community amplifying its meme-driven narrative, FARTCOIN is well-positioned to capitalize on speculative fervor, potentially delivering outsized returns when market optimism does eventually come surging back.
Everyone will buy Fartcoin at the price they deserve. pic.twitter.com/mh4fjjxZ5i
Smart meme coin investors would do very well to stack FARTCOIN on any dips in the coming months. But they’ll need a strong nerve, as this is a meme coin market, where price dips of 90%+ can come quickly.
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