Fartcoin rallies 104% in a week — Will Solana (SOL) price catch up?

Solana-based memecoin Fartcoin (FARTCOIN) has outperformed the broader crypto market so far in April, rising over 104% versus SOL being down 2% for the week. As of April 10, it was trading for as high as $0.87.

FARTCOIN/USD vs. TOTAL crypto market cap 30-day performance. Source: TradingView

The cryptocurrency’s outperformance appears despite US President Donald Trump’s seesaw tariff announcements that have wiped nearly $160 billion from the crypto market capitalization in April.

FARTCOIN has outperformed even other memecoins inside the Solana ecosystem, the primary being Official Trump (TRUMP), which has dropped by approximately 25% in April.

As it seems, the third-largest Solana memecoin could rise another 30% in April due to a classic bullish continuation setup.

FARTCOIN’s bullish technical outlook arises from its prevailing bull flag setup.

On April 10, FARTCOIN was breaking out of the channel range to the upside.

FARTCOIN/USDT four-hour price chart. Source: TradingView

This trend projects a potential move toward $0.95—just under the psychologically significant $1 mark—by April.

The relative strength index (RSI) is hovering in bullish territory above 66, suggesting there’s still room for further gains before entering overbought conditions above the 70 mark.

Additionally, FARTCOIN’s price is gaining support from its 50-4H (red) and 200-4H (blue) exponential moving averages (EMA). As long as Fartcoin stays above them, the bull flag breakout may play out in full, potentially resulting in a rally to $0.95.

Fartcoin is showing the same signs that preceded Pepe’s (PEPE) explosive run from around $300 million to over $3 billion in market cap in the 2023-2024 period, according to market analyst @theunipcs.

“I'm talking $300m to $500m in daily [spot] volume,” the analyst wrote about Fartcoin while mentioning its absence at Binance, Coinbase, Bybit, Upbit, and OKX exchanges.

In the past 24 hours, FARTCOIN’s volume has been over $446.84 million versus Bonk’s (BONK) $129.85 million and Shiba Inu’s (SHIB) $319.43 million, according to data resource CoinMarketCap.

Top memecoins and their price and volume performances. Source: CoinMarketCap

Meanwhile, Fartcoin is going head-to-head with TRUMP, which posted approximately $661.78 million in trading volume over the past 24 hours.

However, onchain data reveals that Fartcoin is processing nearly double the value in actual transfers, suggesting deeper engagement and utility despite TRUMP's headline volume figures.

FARTCOIN vs. TRUMP daily transfer value chart. Source: SOLSCAN

As a result, FARTCOIN appears to be in the middle of a powerful hype-driven rally, which improves its interim bullish outlook.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.