The post Trader Says Altcoin That’s Ripped 222% in a Month Still Has Room To Run, Updates Outlook on SOL-Based Memecoin appeared on BitcoinEthereumNews.com.

A closely followed crypto analyst believes one red-hot meme token operating on Solana (SOL) may continue soaring even higher. Pseudonymous analyst Altcoin Sherpa tells his 243,800 followers on the social media platform X that artificial intelligence (AI)-based Fartcoin (FARTCOIN) may increase by more than 47% from its current value. “Would rather buy higher (break of $1) or lower ($0.70) for Fartcoin. This is either charging up for a big move up to $1.25 or it’s going to pullback, I don’t have a clue where it goes in the short term. What I do know, however, is that this thing is going to go higher later on.” Source: Altcoin Sherpa/X Looking at his chart, the trader suggests FARTCOIN make another attempt to break through resistance at $0.96. However, he says the meme asset may first return to the .382 Fibonacci retracement level at $0.70. Fartcoin hit a low of $0.265 on March 18th and is trading for $0.8542 at time of writing, up 222% in a month. Next up, the analyst says that the SOL-based memecoin Bonk (BONK) has likely formed a local market bottom and is gearing up for a breakout. “The relative short-term bottom is in in my opinion. Many strong alts have been in this range for about one month at this point. More consolidation and then a stronger move in one-two months in my opinion.” Source: Altcoin Sherpa/X BONK is trading for $0.00001182 at time of writing, down 1.1% in the last 24 hours. Follow us on X, Facebook and Telegram Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix &nbsp Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments…

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Filed under: News - @ April 18, 2025 9:16 am