Fartcoin recorded a sharp surge of 24.71% in the past 24 hours, a strong rebound following a 21.75% decline over the past month.
According to CoinMarketCap data, this surge was driven by the Pump.fun platform’s “Glass Full Foundation” initiative, which initiated a liquidity injection program for several Solana-based memecoins, including Fartcoin, starting August 7, 2025. This action was taken in response to the platform’s revenue plummeting by 97% since its peak in January.
As a result, Fartcoin’s trading volume surged by 122% to $648 million, demonstrating market enthusiasm for testing the effectiveness of the cash injection on the token’s long-term stability.
Fartcoin shows signs of recovery near key technical levels
Technically, Fartcoin’s price is currently hovering around $1.07 — a key area that aligns with two key indicators: the 200-day exponential moving average (EMA) at $1.06 and the 0.50 Fibonacci retracement level.
Meanwhile, the MACD histogram indicator turned positive for the first time in weeks (+0.00064), signaling a potential resumption of upward momentum.
The Relative Strength Index (RSI) remains at 48.65, indicating neutral conditions and allowing for potential price appreciation if buying pressure continues to increase. Many market participants are using this condition as an opportunity to rebound from oversold conditions, especially after the 19% correction that occurred on August 12th.
Looking ahead, according to market analysts at CoinLore, FARTCOIN must hold above $0.9703 if it is to have a chance of attempting a rebound to the resistance level at $1.12. If the price drops below $0.9703, the next level to watch could be $0.7839.
Breaking above $1.12, FARTCOIN could see a rise to the next resistance level at $1.30, with a chance of a further rise to $1.61.
Positive altcoin market sentiment
The resurgence of Fartcoin is also linked to positive sentiment in the altcoin market in general. Ethereum’s surge near $4,500 and the narrative of an “altseason” have fueled renewed interest in high-risk tokens like Fartcoin.
Also, like most memecoins, Fartcoin typically benefits when Bitcoin’s dominance declines, which has now fallen to 58.79% from 63.76% in a month. Fartcoin’s social activity has increased by 22% following the price rebound, according to sentiment tracker data.
However, it’s worth noting that Fartcoin remains 58% below its all-time high of $2.48, making it a highly speculative asset and vulnerable to changes in market sentiment.
Whale activity is also a concern. In July 2025, a large investor purchased 7.2 million Fartcoin worth $8.7 million. However, just a few days later, another 1.96 million tokens worth $2.72 million were sold.
Currently, around 60% of Fartcoin’s total supply is controlled by large holders, meaning price movements are still heavily influenced by the decisions of a handful of major players.