Fartcoin price climbs 9% as rival SOL exceeds $2.2 million

Fartcoin price climbed 9% to become the top Solana coin gainer over the past 24 hours, trading at $0.8515 as of 2:34 a.m. EST, on a 44% surge in trading volume at $105 million.

Fartcoin price on a sustained uptrend

According to the FARTCOIN/USD chart analysis on a 4-hour time frame, the Fartcoin price is experiencing a strong uptrend, showing significant upward momentum. Fartcoin price showed a near parabolic increase starting in early December, with a sharp increase in volume and price action from the $0.16 support, according to data from GeckoTerminal.

FARTCOIN is now trading well above the 50-day and 200-day simple moving averages (SMA), indicating that the asset is still subject to an intense bullish rally.

The relative strength index (RSI) is currently at 58.18, which is neutral to slightly bullish, suggesting that price still has room to rise before entering overbought territory (above 70). A previous RSI peak above 70 during the recent parabolic move indicates previous overbought conditions, but the current cooldown suggests healthy consolidation.

If the price holds above recent highs, the uptrend could extend further, targeting psychological levels such as $1.00.

However, a retracement towards the 50-day SMA around $0.64 would not invalidate the uptrend and could provide buying opportunities.

As Fartcoin’s price soars, investors are also buying into Solana’s new rival, Solaxy (SOLX), which 99Bitcoins, a popular crypto channel on YouTube with over 709,000 subscribers, says could surge 100x after its launch.

Solaxy Presale Raises Over $2.2 Million in Just 4 Days

Solaxy is a new meme coin on the Solana ecosystem, which has raised over $2.2 million in just 4 days since launching its presale.

Despite Solana’s success in becoming the platform of choice for launching meme coins, its ecosystem is struggling to keep pace with the thousands of meme coins launching on-chain every day.

Enter Solaxy, which aims to solve Solana issues with the first ever Solana Layer 2 blockchain.

🚨 Solaxy is now available in upcoming tokens! 🚨@SOLAXYTOKEN gives holders the opportunity to join the first-ever Solana Layer 2 blockchain.

Solaxy is poised to improve blockchain innovation by limiting congestion, reducing failed transactions, and improving scalability on SOL.… pic.twitter.com/satNF6zFNF

– Best Wallet (@BestWalletHQ) December 17, 2024

The Solaxy network’s native token, $SOLX, is multi-chain, so it attracts activity and buyers from the Ethereum and Solana chains and provides an entry route into both blockchain ecosystems.

By purchasing and holding SOLX, users can earn passively through the platform’s staking mechanism, which offers a whopping 1,835% annual return.

Investors interested in joining the presale can visit the official Solaxy website to purchase SOLX tokens at the current price of $0.001568 each using BNB, ETH, USDT or a bank card.

Buy before a price rise in less than 2 days to get the best deal.

Visit SOLX here.

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