🚀 Gate.io #Launchpad# Initial Offering: #PFVS#
🏆 Commit #USDT# to Share 10,000,000 #PFVS# . The More You Commit, the More $PFVS You Receive!
📅 Duration: 03:00 AM, May 13th - 12:00 PM, May 16th (UTC)
💎 Commit USDT Now: https://www.gate.io/launchpad/2300
Learn More: https://www.gate.io/announcements/article/44878
#GateioLaunchpad#
Fartcoin Breaks $1.00 With $1B Market Cap Surge: Key Levels Show Bullish Continuation
Fartcoin’s breakout above $1.00 confirms trend reversal as the level flips into strong support with sustained upward price action.
Market cap surges past $1B with volume topping 2.75M, signaling aggressive accumulation and setting the stage for extended bullish movement.
The chart structure shows a rounded base and higher lows forming since April, pointing to momentum building toward a $2.50 target zone.
Fartcoin (FARTCOIN/USDT) is demonstrating renewed bullish momentum after forming a classic rounded bottom pattern. The asset’s breakout above $1.00 confirms a trend reversal, with its market cap now climbing past $1.18 billion.
Technical Reversal Points to Short-Term Strength
Source: Crypto General
As we can see from the post above, one bullish analyst identifies a breakout structure with rising continuation potential. The chart shows a rounded base forming between February and late April 2025. Following the breakout, price action turned upward with $1.00 now acting as strong support.
FARTCOIN trades at $1.2487 after recording a 0.34% daily gain, with an intraday high of $1.2860. According to CryptoGeneral, the price has broken its neckline resistance, signaling a technical reversal. He has provided insights suggesting a near-term target of $2.50 and a long-term projection of $10.3039.
He emphasized that the breakout confirms market demand and that dips below $1.25 will likely be bought aggressively. The analyst highlights the importance of the $1.00 zone, which previously acted as resistance and now supports bullish price action. He expects continued momentum if support holds and volume increases near breakout levels.
Market Cap Chart Suggests Broader Bullish Setup
That said, there’s another side to consider. Another analyst, Fyre, tracks Fartcoin’s market cap performance relative to Solana on Raydium. The data spans from October 2024 to early May 2025, using daily candles for structure.
Source: Fyre
According to Fyre, Fartcoin’s market cap rallied past $1 billion again after rebounding from its previous accumulation zone. He has presented a detailed analysis, marking $175–$250 million as the key accumulation range. This area held after a 90% drawdown and became the foundation for the April breakout.
Not only that, but there's also a clear volume surge coinciding with the breakout above $500 million in market cap. This chart shows a blue resistance line flipped into support, which helped maintain price consolidation. He noted that while Fartcoin hasn’t surpassed its January peak of $2.75 billion, it now posts higher lows.
Fartcoin currently trades in a tight range with volume exceeding 2.75 million, reflecting strong trader engagement. The current structure supports a steady recovery phase with no major retracements following the breakout. If volume holds, additional upside remains possible over the coming weeks.