Euphoric sentiment is swelling in the crypto sector as Bitcoin approaches the $90,000 threshold. Altcoins are following suit, with many witnessing significant price jumps. Fartcoin, in particular, has surged by 21% as of now, with some predicting it could reach a new all-time high (ATH). Let’s explore today’s technical chart analysis and scrutinize crucial levels and patterns to monitor.

“Last fartcoin shill until $1b+”

“Break $1b and head to a new ath; break ath and head to $10b. Hot air rises”
— RookieXBT 🧲 (@RookieXBT) April 16, 2025

The saying “Hot air rises” has become popular within the Fartcoin community, implying an inevitable increase in price. Will this notion hold true?

Fartcoin Meme Crypto New ATH Potential: Chart Analysis

Chart Analysis
(FARTCOINUSD)

The one-day chart indicates promising signs of a market bottom, highlighted by increased trading volume and the emergence of a Cup & Handle pattern alongside a Bullish Engulfing candle. Such indicators present a compelling case for a bullish trend ahead.

Low Timeframe Uptrend and Final Thoughts

4H Chart
(FARTCOINUSD)

Focusing on the 4-hour chart, moving averages appear to have been successfully reclaimed, presenting enticing trading opportunities. However, buyers should remain cautious, as decreased trading volume alongside rising RSI may indicate potential exhaustion.

In summary, while the previous pump shows small volume movement, the market is ripe for a potential continuation post-correction. Investors should keep an eye on the critical level of $1.40 to validate bullish sentiments.

Key takeaways:

• Target threshold of $1.40 needed to signal hopes for a new ATH.
• RSI and volume metrics suggest potential buyer fatigue on the 4-hour timeframe.
• The Cup and Handle configuration hints at an upward trajectory.