Fartcoin Price Prediction — Why It May Be Time To Sell The Solana Meme Coin?

There is a growing consensus among prominent experts that Fartcoin could see a significant pullback, at least in the short term

The popular Solana meme coin has undoubtedly been the strongest-performing crypto asset over the past few weeks, rallying by nearly 400% since its local bottom in early March

However, holders looking to lock in their newly created wealth may need to offload their Fartcoin holdings — with the intention to re-enter at lower prices

Fartcoin price predictions from prominent analysts have revealed the key levels where the meme coin could create a local bottom and start its next bullish wave

Fartcoin Price Prediction — Is It Time To Sell?

The global financial markets have suffered massive losses due to Donald Trump’s trade wars against major partners, including China, Canada and the European Union.

Concerns regarding an imminent recession and sticky inflation have also weighed on equities and crypto alike. Even haven assets like Gold and Silver suffered momentary losses

Only one asset has reliably defied the broader market bearishness — Fartcoin. Since its local bottom at $0.198 in early March, the popular Solana meme coin has rallied by nearly 390%.

The jokes write themselves. Some crypto investors are sarcastically suggesting that they may buy Fartcoin, instead of Gold, to protect themselves against market uncertainty. Unsurprisingly, tradFi purists didn’t find the proposition funny

However, holders need to be cautious now. The Fartcoin price has failed to breach the $0.96 resistance, despite 5 retests. Instead, it is now breaking down below its ascending support trendline, which could result in significant downside volatility

Fartcoin’s Relative Strength Index (RSI) is also in a downtrend, both in the 4-hour and daily timeframe, after tagging the oversold level earlier this week

Several prominent analysts, including many who are bullish on Fartcoin in the long term, are now preparing for a significant pullback

According to most Fartcoin price predictions from top experts, $0.70 is emerging as a key price level that the meme coin could dip to. It could potentially decline to $0.63 as well, a key S/R level

Popular trader Altcoin Sherpa indicates that the Fartcoin price could fall to its 0.382 Fibonacci level, which is currently at $0.68. He suggests that sidelined investors should now wait for either a dip below $0.70 or a breakout of the $1 resistance to buy

The worst-case scenario for Fartcoin comes from popular crypto analyst Altstreet Bets, who uses Elliott Wave theory to predict a potential drop to $0.17.

According to this theory, markets move in predictable patterns — typically five waves in the direction of the trend, followed by three waves in the opposite direction.

If Fartcoin’s fall from its all-time high to $0.198 was part of a 5-wave downtrend, the current bounce could just be a short-term correction. That’s why Altstreet Bets believes another leg down to $0.17 might still be on the cards.

Is Solaxy The Best Crypto To Buy Now?

Fartcoin could see a significant downtrend in the coming days. However, smart money investors are keeping their eyes on Solana meme coins

Following in the footsteps of Fartcoin, meme coins like Dogwifhat, Popcat, and Just A Chill Guy are showing bullish strength

However, whales are also stacking low-cap gems. For instance, they continue to invest high six figures in Solaxy (SOLX), the first prominent Solana Layer-2 coin

Behind such strong demand, the SOLX presale has raised over $30 million in short order

The hype for the new meme coin isn’t surprising. The top Layer-2 projects in the Bitcoin and Ethereum ecosystems have over a billion dollars in total market capitalization, which suggests that SOLX is an undervalued asset with high upside potential

Moreover, its cutting-edge Layer-2 scaling solution — which includes a ZK rollup, a Hyperlane-powered multi-chain bridge and data availability solutions like Celestia — has also impressed experts

Unsurprisingly, prominent analysts are bullish on Solaxy’s prospects, with many calling it the next 10x crypto

Visit Solaxy Presale