Jerome Powell’s dovish Jackson Hole speech has provided the perfect bullish backdrop for crypto assets to break out.
Unsurprisingly, Fartcoin is among the top crypto gainers, rallying by 22% from Friday’s low to trade as high as $0.99.
The meme coin didn’t breach the $1 resistance just yet and is currently testing the $0.90 to $0.935 support zone. However, prominent analysts predict that a bullish continuation is just a matter of time.
Legendary trader Bluntz goes a step further. Taking a broader look, he claims that Fartcoin’s 4-month consolidatory price action is over and the Solana meme coin is ready for a rally to $2.2, which means nearly 130% returns in the coming weeks.
Fartcoin Price Prediction: Best Solana Meme Coin To Buy?
Jerome Powell’s Jackson Hole address has made a September rate cut a near certainty.
In fact, Powell indicates that the Federal Reserve will shift its focus from the elevated inflation levels to the downside risk in the labour market, which means more rate cuts and quantitative easing are on the horizon.
This is a decidedly bullish scenario for risk assets, especially in the long term.
While Ethereum continues to draw headlines, Solana has quietly breached the $200 resistance, paving the way for Solana meme coins to skyrocket. Unsurprisingly, Fartcoin is among the top gainers.
Sidelined investors can potentially wait for a weekly close above the $0.935 support level, or above the $1 resistance, which could be even better. More savvy traders can keep an eye on its on-balance volume (OBV), considering a breakout above the $300 million mark would be the best buying signal.
However, its Moving Average Convergence Divergence (MACD 12, 26) continues to be in a golden cross.
Moreover, the Fartcoin price continues to defend its 200-day Simple Moving Average, a clear sign that the meme coin continues to be in a bull trend.
Furthermore, it has formed a bullish divergence in the daily timeframe, as indicated by a lower low in price and a higher low in RSI.
In the long term, experts remain confident that the Fartcoin price will reach $10 this year.
TOKEN6900 Is Also Going Viral, Is It The Next 100x Meme Coin?
TOKEN6900 (T6900) is the latest Ethereum meme coin drawing massive attention as it approaches the end of its presale, which has already raised over $2.5 million.
With just three days left, investors are rushing in, seeing it as a low-cap alternative to SPX6900 with similar viral appeal.
Unlike projects that market themselves on half-baked utility, TOKEN6900 embraces the meme coin formula that made Dogecoin, Pepe, and Fartcoin successful: no unnecessary fundamentals, just a viral brand and strong community backing. I
ts website openly claims it is built on “vibe liquidity, delusion and irony,” positioning itself as an anti-Wall Street, brainrot finance benchmark.
TOKEN6900’s presale tokenomics also set it apart. Eighty percent of the token supply is available to the public in the presale, with no private sale allocation, keeping distribution community-focused. Staking rewards currently exceed 30% APY, while audits from SolidProof and Coinsult add a rare layer of security for a meme project.
Whales are already involved, including a six-figure buy recorded last week. With Ethereum pushing toward new highs and demand rising for low-cap ERC-20 meme plays, TOKEN6900 is being touted as one of the promising 100x cryptos of this cycle.
Visit TOKEN6900 Presale
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