Fartcoin’s Absurd Ascent: Can the Memecoin Really Pump to $1.50?

Another day, another memecoin defying gravity—or at least common sense. Fartcoin, the latest crypto-joke-turned-asset, is flirting with a $1.50 price target. But how?

Pump or Plausible? The usual suspects are in play: influencer shills, a thinly veiled ’utility’ roadmap, and enough hype to drown out the sound of Wall Street bankers laughing into their lattes. Liquidity pools? Check. A viral tweet from a pseudonymous ’alpha leaker’? Probably imminent.

Memecoins don’t need fundamentals—they need momentum. And right now, Fartcoin’s chart looks like a caffeine-fueled EKG. Will it hit $1.50? Sure, if enough traders ignore the fact they’re betting on a fart joke. Just don’t forget: what goes up must come down—usually faster with memes.

Source: Coinglass

The Long/Short Ratio indicates that most futures investors are bullish on Fartcoin. This suggests that the majority are entering the market to take long positions.

At press time, long positions made up over 50% of futures contracts, while short positions accounted for 49%. When futures markets are set this way, it signals that traders expect prices to rise further.

Additionally, this bullish sentiment is reinforced by a positive Funding Rate, further supporting expectations of upward price movement.

Source: Santiment

Is Fartcoin set for a breakout to $1.5?

According to AMBCrypto’s analysis, Fartcoin was experiencing significant demand across market participants.

Source: Coinalyze

For starters, demand is evident in the rising buy volume. According to Coinalyze data, buyers have acquired 524K Fartcoin tokens.

 With a positive delta of 209K tokens, it suggests buyers are now more active, attempting to overtake sellers who have controlled the market for the past week.

The rising RSI also reflected this trend. Fartcoin’s RSI climbed from 50 to 56, signaling a market recovery. 

While it has yet to make a bullish crossover to confirm strong buying pressure, the increase indicates growing buyer activity. If this trend continues, bulls could gain control, pushing sellers out of the market.

Source: TradingView

Simply put, Fartcoin is approaching a potential trend reversal. At press time, the memecoin was testing the $1.3 support level.

If it successfully retests this level, it could set up for the next MOVE higher. A breakout above $1.3 may pave the way for a push toward $1.5.

For this bullish outlook to remain intact, Fartcoin needs an RSI bullish crossover to confirm buyer dominance. If bulls fail to make this move, the price may retrace to the $1.2 support level.