Solana-based meme coin FARTCOIN surged nearly 20% in the past 24 hours, becoming the day’s best-performing digital asset.
The rally has taken FARTCOIN to $1.27 at the time of writing, with short-term indicators signalling further upward pressure—though profit-taking risks remain high.
Source: TradingView
Coinbase has now confirmed on X that it will launch perpetual futures for FARTCOIN.
We will add support for Fartcoin perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our FARTCOIN-PERP market will begin on or after 9:30 am UTC 12 JUN 2025. $FARTCOIN
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This development significantly raises the visibility and potential market access for FARTCOIN, intensifying speculative inflows ahead of the futures launch.
RSI and MACD show bullish momentum for FARTCOIN
FARTCOIN’s price momentum has been reinforced by its technical indicators.
The Moving Average Convergence Divergence (MACD) shows that a golden cross has formed, typically a bullish sign.
A golden cross occurs when the MACD line crosses above the signal line, pointing to positive momentum and a potential sustained price rally. These signals often indicate renewed market interest and increased accumulation.
At the same time, the Relative Strength Index (RSI) has climbed above the neutral 50-point threshold, reaching 55.46.
While not yet in overbought territory—usually marked at 70 and above—the current RSI level implies building demand.
This aligns with the recent surge in trading activity, which has intensified since Coinbase’s listing update.
Price heads toward $1.46 as $1.29 resistance nears
Following its climb to $1.27, FARTCOIN is now approaching a critical resistance at $1.29.
This level marks a short-term barrier that could either strengthen the current uptrend or lead to a local top if bulls fail to breach it.
If the price convincingly crosses $1.29 and this level becomes a new support floor, traders may begin targeting the next major resistance at $1.46.
This level represents a previous rejection point from late May, and breaking it would suggest a continuation of the coin’s bullish trajectory.
However, if sellers begin to offload tokens at current levels, the momentum could reverse.
Profit-taking around $1.25–$1.29 may act as a headwind, especially if market sentiment falters or broader crypto markets correct.
Potential downside risk to $1.16 or $0.94
Despite the short-term strength, downside risks cannot be ruled out. A failure to break $1.29 could result in a retracement to the immediate support at $1.16.
This level served as a consolidation zone in early June and may attract buyers looking for a dip entry.
If $1.16 fails to hold, the next major support lies at $0.94. This would represent a full retracement of the June rally and could signal a deeper correction.
With meme coins often driven by sentiment and speculative interest, any broader shift in market tone could accelerate such a move.
Nonetheless, unless significant selling volume emerges, the near-term bias appears skewed towards the upside.
The RSI and MACD signals, combined with the Coinbase listing announcement, provide a technical and fundamental basis for continued price action.
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