TLDR
- Fartcoin (FARTCOIN) fell 22% in two days but has climbed higher from the April 18th low of $0.717
- The 1-day chart shows bullish market structure after breaking past $0.62 resistance in March
- Despite price gains, funding rates have remained predominantly negative this month, suggesting bearish sentiment
- A tweet from Kook Capital LLC stating “no one can stop fartcoin 💨” triggered a 52% price surge in just 15 minutes
- Trading volume spiked to 500 million FART (10x average daily volume) following the tweet
Fartcoin (FARTCOIN) has rebounded after a 22% drop over two days, climbing from its April 18th low of $0.717. Market analysts are closely watching the popular memecoin as it displays mixed signals across different timeframes.
On the daily chart, Fartcoin shows a bullish market structure. The token successfully broke past the $0.62 resistance level in March.
At press time, it appears to have confirmed the $0.72 level as support, which is a positive sign for bulls.
The $0.72-$0.8 zone had previously served as important resistance in early February. The recent push beyond this level by FARTCOIN bulls is encouraging for investors.
The Relative Strength Index (RSI) on the daily timeframe signals that momentum remains in favor of the bulls despite the recent pullback from $0.95.
Fartcoin
FARTCOIN Price
Price Action Shows Mixed Signals
The 4-hour chart presents a more complex picture with mixed signals. The RSI and On-Balance Volume (OBV) indicators don’t clearly point to bullishness in the short term.
The market structure turned bearish after the price fell below the $0.8 lower low. However, the bearish order block at $0.82 has been surpassed in recent hours.
If Fartcoin can bounce higher from this zone, an upward move becomes more likely. Conversely, a 4-hour trading session close below $0.81 would signal bearish sentiment.
In that scenario, traders might expect a drop to the 50% retracement level at $0.67.
Data from Coinalyze shows that the Funding Rate for Fartcoin has remained mostly negative this month, even as the price made gains. This suggests an underlying bearish sentiment among traders.
Social Media Impact on Price
On April 20, 2025, a tweet from Kook Capital LLC stating “no one can stop fartcoin 💨” triggered an immediate surge in Fartcoin’s price.
At 10:00 AM UTC, FART was trading at $0.00025, but just 15 minutes later, the price jumped to $0.00038, marking a 52% increase in a very short time.
The trading volume for FART also experienced a dramatic spike. It reached 500 million FART traded in the first hour following the tweet, compared to an average daily volume of only 50 million FART.
no one can stop fartcoin 💨 pic.twitter.com/eS8RvHz07h
— kook 🏝️ (@KookCapitalLLC) April 20, 2025
This event had ripple effects across other meme coins, with Dogecoin (DOGE) seeing a 5% increase during the same timeframe.
The number of active FART addresses surged from 10,000 to 50,000 within the same period, indicating widespread interest and potential for further price movements.
Technical indicators at the time of the tweet showed a strong bullish trend. The RSI for FART jumped from 60 to 85 within 15 minutes, indicating overbought conditions.
The Moving Average Convergence Divergence (MACD) showed a strong bullish crossover, with the MACD line moving above the signal line, confirming upward momentum.
Key Levels to Watch
For swing traders maintaining a bullish bias, the OBV has maintained its uptrend from the past month despite the recent pullback.
The $0.8 level remains crucial for short-term price action. If Fartcoin can hold above this level, it could attempt to retest recent highs near $0.95.
The current price action shows the importance of the $0.8 level as support for bulls. Traders are advised to monitor this level closely in the coming trading sessions.
Trading volume on major exchanges increased dramatically following the Kook Capital tweet, with volume on some platforms jumping by 800% within the first hour.
