Solana-Based Memecoin Fartcoin Soars 104% in a Week — Can SOL Make a Comeback?

Despite a turbulent month for the overall crypto market, triggered by U.S. President Donald Trump’s unpredictable tariff announcements that wiped out nearly $160 billion in market capitalization, Fartcoin (FARTCOIN) has seen an explosive rise. The Solana-based memecoin has surged more than 104% in April, peaking at $0.87 on April 10. In contrast, Solana (SOL) has dipped by around 2%, and other Solana memecoins like Official Trump (TRUMP) have fallen by 25%, making Fartcoin the third-largest memecoin in the Solana ecosystem and one of the top-performing crypto assets this month.

Technical Setup Suggests More Gains Ahead

Fartcoin’s breakout appears to be driven by a bull flag pattern—a classic bullish continuation signal. On April 10, the token pushed above its flag channel, hinting at more upside potential. Based on this setup, analysts project the price could reach $0.95 in the short term, just under the key $1 psychological level. Additionally, the Relative Strength Index (RSI) sits around 66, indicating there’s still headroom before the coin becomes overbought. Fartcoin’s price is also holding well above its 50-EMA and 200-EMA on the 4-hour chart, adding more strength to the bullish momentum.

Fartcoin Mirrors the Rise of PEPE Memecoin

Analysts are comparing Fartcoin’s trajectory to Pepe (PEPE), which soared from a market cap of $300 million to over $3 billion in 2023–2024. Market commentator @theunipcs highlighted that Fartcoin is already seeing daily spot trading volumes between $300–$500 million, despite not yet being listed on major exchanges like Binance, Coinbase, or OKX. This leaves room for significant future upside once Fartcoin gains broader exchange exposure.

Trading Volume Surpasses Big Memecoins Like Bonk and SHIB

Fartcoin’s performance has been fueled by heavy trading volume of over $446 million in the last 24 hours. This is substantially greater than Bonk’s $129 million and Shiba Inu’s $319 million in the same period. While TRUMP has a greater 24-hour volume of $661 million, deep analysis shows Fartcoin is processing almost twice the value in on-chain real transfers. This indicates considerably greater actual usage and community engagement than speculative trading.

Hype-Driven Rally May Push Fartcoin Even Higher

All signs suggest that Fartcoin is experiencing a strong wave of hype, in part due to strong technical indicators, trading volume, on-chain activity and significant growth in the community. With good support from its moving averages and a breakout above its bull flag, the outlook for Fartcoin remains very bullish in the short-term. There is also potential for listings on large exchanges such as Binance or Coinbase, which would increase awareness and trading volume to further push this coin. The crypto market in general is still in a volatile and speculative mode, however, Fartcoin has found its place within the memecoin space and is one of the most promising and discussed macros for April.