FART Price Surge Gains Steam After Breaking $1 — Can Fartcoin Reach $1.76?

Fartcoin (FART) has been turning heads this week after finally breaking through the crucial $1 resistance for the first time since January. This FART price surge marks an impressive 460% rally from its yearly lows and brings the token within striking distance of its all-time high. Among Solana-based meme coins, Fartcoin is now outperforming well-known names like Dogwifhat, Bonk, and Official Trump.

Nansen data reveals a significant shift in market sentiment. The volume of Fartcoin on centralized exchanges like Kraken, Gate, KuCoin, and Bitget has steadily declined. From 153 million tokens a week ago to 142.5 million today, exchange reserves have dropped by 1%, now making up just 14.08% of the total supply. Compared to Bonk’s 21.2% and Dogwifhat’s 54.76%, this is one of the lowest supply percentages among Solana meme tokens. A reduced exchange supply typically signals investor confidence, with more holders moving assets to private wallets, suggesting they’re in no rush to sell.

FART Live Price: Can the Rally Continue After Breaking $1?

At the time of writing, the FART live price is holding strong above the $1 mark after peaking at $1.20 earlier this week. The move comes amid broader meme coin market volatility, but Fartcoin seems to be maintaining its bullish momentum. This steady rise underscores increasing investor interest and growing optimism in its potential to revisit prior highs.

Notably, the FART price increase has placed it firmly ahead of its competitors in terms of year-to-date performance. While other Solana meme coins have struggled with fluctuations and declining exchange activity, Fartcoin’s tightening supply and consistent accumulation by holders highlight a solid foundation for further growth.

Fartcoin Bullish Setup: Cup and Handle Pattern Targets $1.76

The eight-hour price chart paints a clear picture of market sentiment. Fartcoin has successfully formed a textbook cup and handle pattern — a classic bullish indicator. The upper boundary of the cup sits around $0.9850, with a depth of approximately 80%. Based on technical measurements, this setup positions Fartcoin for a target move toward $1.7590, representing a 55% potential upside from its current levels.

Chart 1 – FART Live Price, published on TradingView, April 24, 2025.

This FART bullish chart pattern suggests that bulls have regained control, pushing the market into a possible breakout phase. However, price movements around key resistance levels like $1.20 and $1.76 will determine if the token can sustain this rally.

FART Breakout or Distribution Phase? What Wyckoff Theory Suggests

Despite the positive outlook, traders should remain cautious. According to the Wyckoff Theory, assets typically enter a distribution phase after a strong markup or FOMO phase, which Fartcoin appears to be experiencing now. If this happens, it could lead to a markdown, where the price pulls back after an overextended rally.

For now, however, the market remains optimistic. If Fartcoin can convincingly clear its cup and handle target and hold above $1.20, the FART bullish breakout scenario could extend toward its all-time high of $2.73. Continued low exchange reserves and rising on-chain activity will be key indicators to watch.

Fartcoin Outlook: Will FART Hit a New High or Face Meme Market Pressure?

With growing meme coin competition on Solana, Fartcoin has carved out a unique niche thanks to its sharp rise and strong community support. Its tight exchange supply, favorable technical patterns, and market buzz position it as one of the more compelling meme assets right now.

In summary, the FART live price continues to show resilience amid broader market turbulence. While risks of a distribution phase loom, the FART price surge and supportive technical signals suggest potential for further upside. Whether or not it can maintain this momentum hinges on breaking key resistance levels and sustaining low exchange supplies.

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