Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Solana Meme Coin Fartcoin Hit ATH With 70% Gain: Will It Hit $2 Next?

The post Solana Meme Coin Fartcoin Hit ATH With 70% Gain: Will It Hit $2 Next? appeared first on Coinpedia Fintech News Meme coins have taken the crypto world by storm, offering massive returns in short spans, and Fartcoin, a Solana-based AI memecoin, is the latest to capture attention. This week, Fartcoin hit an all-time high (ATH) of $1.60, following a remarkable 70% rally. Despite the excitement, some analysts predict a possible pullback before the next big surge. Fartcoin Hits New ATH Fartcoin, known for its humor-driven branding and ties to viral trends, stands out as a Solana meme coin with a loyal community. While it doesn’t have standout features, its price performance has been exceptional. Since its launch in October, the token’s value has skyrocketed, growing 700% in just one month and pushing its market cap to $1.48 billion. Adding to the momentum, Coinglass data shows that Open Interest (OI) for Fartcoin surged 22% this week, reaching $182.4 million. This influx of interest has been a key driver behind the recent price rally. AI Meme Coins Are Taking Over As traditional meme coins like DOGE and SHIB struggle to regain their past success, newer tokens like Fartcoin and AI16Z are gaining the spotlight. AI16Z, another Solana-based token, saw a huge 176% price surge in a week and now has a market cap of $2.17 billion. Fartcoin is currently the fifth-largest AI meme coin on Solana Network , and if the bullish trend continues, it could join AI16Z in the $2 billion market cap club. Other AI-themed tokens, like Freysa AI (93% growth) and Zerebro (82% growth), are also making strong gains. Can Fartcoin Reach $2? Fartcoin has grown an unbelievable 2,960,840% in the last three months fueling investor confidence. Analysts believe the token could reach $2 if it continues to break key resistance levels around $1.67. However, its current position above the Bollinger Bands Indicator suggests it may be overbought, indicating a potential price correction. And, if buyers stay strong, the token might reach $2. But if selling pressure grows, its price could drop to $0.53 The Daily Hodl

---

Bitcoin Tests Resistance as Bulls Face Caution Amid Price Momentum

Bitcoin (BTC) maintained pressure on a key resistance level during the Jan. 3 Wall Street open, with concerns of a potential price dip lingering. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading above $97,000 as the U.S. session began. Following a rapid start to the new year and a retest of $96,000 as support, Bitcoin aimed to reclaim the 50-day simple moving average (SMA). At $96,740 at the time of writing, the 50-day SMA previously acted as support for over two months before being lost in late December. “Nice follow-through on the falling wedge breakout,” trading account SuperBro noted on X. “Careful not to get aggressive with longs into potential resistance, now we need to reclaim the 20 and 50 SMA and flip these back to support.” Other analysts anticipated that the trendline could regain its role as support, potentially fueling a continued bull run after last month’s cooldown. On shorter timeframes, however, trader Roman advised caution. “I think some of you are getting excited a bit too early,” he commented, analyzing four-hour charts. “We’ve got a low-volume pump with maxed stoch RSI. Generally means we come down a bit.” The stochastic relative strength index (RSI) exceeded the overbought 70 threshold, signaling potential short-term exhaustion. Fellow trader Daan Crypto Trades highlighted the 200-period SMA on the four-hour chart as a critical resistance level, with the 200-period EMA providing support. “Trading right around the high volume node. Meaning, most volume traded between these prices,” Daan explained on X. “Price moves easier when it breaks away from such a high volume area. The 4H 200MA is guarding the top side. I want to see this break above $98K+ to get the party started and start the run back to all-time highs. $95K is an important level to hold in the short term.” The Daily Hodl