Fartcoin (FRTC), a Solana-based meme coin, has shown impressive performance this week, witnessing a remarkable 100% surge and reaching a price of $1, with trading volumes hitting a historic $220.68 million.
Over the past 15 days, FRTC’s price has surged by a staggering 550%, including a 21.70% rise within the last 24 hours.
The coin continues to trade within a steep ascending channel, indicating robust demand from buyers.
The 1.618 Fibonacci Extension at $0.86 has been decisively broken, affirming the coin’s bullish strength.
The next immediate target lies at the 2.0 Fibonacci Level around $1.10, which may act as a resistance level in the short term.
The $1.10 level represents a potential resistance point. However, given the current trajectory and strong bullish momentum, Fartcoin could break past this level and aim for $2 in the near term.
As long as FRTC remains within the ascending channel and breaching the boundary, the bullish trend is likely to persist.
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