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The Fartcoin price has soared 9% to become the top Solana meme coin gainer in the last 24 hours to trade at $0.8515 as of 02:34 a.m. EST on a 44% jump in trading volume to $105 million.
Fartcoin Price On A Sustained Bullish Trend
According to the FARTCOIN/USD chart analysis on the 4-hour timeframe, the price of Fartcoin is experiencing a strong uptrend, showing significant bullish momentum. The price of Fartcoin has shown a near-parabolic increase starting from the beginning of December, with a sharp rise in both volume and price action from the $0.16 support, according to data from GeckoTerminal.
FARTCOIN now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), which is an indication that the asset is still under intense bullish rally.
The Relative Strength Index (RSI) is currently at 58.18, which is neutral to mildly bullish, suggesting that the price still has room to move higher before entering overbought territory (above 70). A previous spike in RSI above 70 during the recent parabolic move indicates prior overbought conditions, but the current cooldown suggests healthy consolidation.
If the price sustains above the recent highs, the uptrend could extend further, targeting psychological levels like $1.00.
However, a retracement to the 50-day SMA around $0.64 would not invalidate the uptrend and could offer buying opportunities.
As the Fartcoin price soars, investors are also buying the new Solana rival Solaxy (SOLX), which 99Bitcoins, a popular crypto channel on YouTube with over 709K subscribers, says might soar 100x after launch.
Solaxy Presale Raises Over $2.2 Million In Just 4 Days
Solaxy is a new meme coin on the Solana ecosystem, which has raised over $2.2 million in just in 4 days since its presale launched.
Despite Solana’s success in becoming the platform of choice for the launch of meme coins, its ecosystem is struggling to keep up with the thousands of meme coins being launched on the chain every day.
Enter Solaxy, which aims to solve Solana’s problems with the first ever Solana Layer 2 blockchain.
🚨 Solaxy is now live in Upcoming Tokens! 🚨@SOLAXYTOKEN gives holders an opportunity to join the first-ever Solana Layer 2 blockchain.
Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.… pic.twitter.com/satNF6zFNF
— Best Wallet (@BestWalletHQ) December 17, 2024
The native token of the Solaxy network, $SOLX, is multi-chain, so it pulls activity and buyers from both the Ethereum and Solana chains and provides a path of entry into both blockchain ecosystems.
By buying and holding SOLX, users can earn passively through the platform’s staking mechanism, which offers a sky-high annual yield of 1,835%.
Investors interested in joining the presale can visit the official Solaxy website to buy SOLX tokens at the current price of $0.001568 each using BNB, ETH, USDT, or bank card.
Buy before a price hike in less than 2 days to secure the best deal.
Visit SOLX here.
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