Solana-based meme coin FARTCOIN has surged 35% in the past 24 hours, becoming the market’s top gainer. This sharp rise follows a recent slump that pushed the coin to a seven-day low during Monday’s trading session.
The token’s price now stands at $1.06, fueled by strong market demand and increased trading activity. Daily trading volume for FARTCOIN has skyrocketed by 276%, reaching $188 million. Analysts suggest this surge reflects genuine interest from buyers rather than speculative activity.
Indicators across the market are bullish. The Elder-Ray Index-a way of measuring the momentum in the market-turned positive for the first time in a week and indicated a great amount of upward buying pressure. FARTCOIN may well try to break through its all-time high of $1.16 seen on January 3, say analysts.
However, risks remain. If selling pressure rises, the token could retreat to $0.58. For now, though, FARTCOIN bulls appear firmly in control, with the market showing confidence in its upward trajectory.
With increasing interest and activity around FARTCOIN, the token’s next moves will be closely watched by traders and enthusiasts alike.
