Fartcoin Soars 40% on Trump Rumor, Eyes $0.60 Breakout
Key Takeaways
Fartcoin (FARTCOIN), a meme coin with an AI connection, has gained approximately 40% in value over the past 48 hours. The surge was triggered by a short-term market impulse caused by false news about a supposed tariff freeze announced by former President Donald Trump. Despite a subsequent correction, the price increase held. Technical indicators and trading volume suggest a potential continuation of the upward trend. However, caution is advised: the rally is partly driven by speculative capital.
Reason for the Price Surge
The sudden price spike was caused by a false report claiming that Donald Trump had announced a 90-day halt on all U.S. tariffs. Although this information was quickly debunked, the positive market reaction persisted. Fartcoin benefited disproportionately from this development and led the recovery in the meme coin segment.
Technical Analysis: Resistance at $0.60
Since February, Fartcoin has been fluctuating within a price range between $0.20 and $0.60. In March, the price temporarily surged by 200% but failed multiple times at the $0.60 resistance level. Currently, the price is once again testing this zone. The 50-day line (Simple Moving Average, SMA) serves as support. The Relative Strength Index (RSI) is above the midpoint, indicating sustained buying power. On-Balance Volume (OBV) also confirms steady demand.
Potential for Breakout or Pullback?
If a breakout above $0.60 succeeds, Fartcoin could rise to $0.70 or even $0.80 in the short term—a potential gain of up to 30%. However, if the price fails again, a pullback to the 50-day line could offer a possible entry point. A break below this level would be a warning signal for short-term traders.
Derivatives Signals: Speculation Increasing
In the derivatives market, Fartcoin is currently the second most traded meme coin after Dogecoin (DOGE). Daily trading volume stands at $3.6 billion. Open interest—the total volume of open positions—is $267 million. These figures reflect strong speculative interest. At the same time, the risk of so-called liquidation cascades increases in the event of sudden price drops.
Spot Market Shows Real Demand
In addition to speculative capital, real buying interest is also flowing into Fartcoin. Over the past seven days, more than $3 million worth of Fartcoin has been withdrawn from the Kraken crypto exchange, according to Coinglass. This suggests accumulation by investors betting on a longer-term recovery. Whether this trend will continue beyond the second quarter remains to be seen.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 3 minutes
-
Sea Slots – The Best Ocean-Themed Slots
Reading time: ~ 3 minutes
-
Food and Drink Slots: The Best Slot Games Inspired by Culinary Delights
Reading time: ~ 3 minutes
-
Versus Odds B.V. Casinos
Reading time: ~ 3 minutes
-
Danneskjold Ventures B.V. Casinos
Reading time: ~ 3 minutes
Our Assessment
Fartcoin is showing strong short-term momentum, driven by market sentiment and speculation. Technical indicators support a potential continuation of the uptrend, especially if a breakout above the $0.60 mark occurs. At the same time, the risk is high, as much of the volume is based on leveraged positions. Anyone looking to enter should closely monitor price developments and apply risk management. For long-term investments, Fartcoin is currently only moderately suitable.
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency