Fartcoin flips Bonk to become number 2 Solana memecoin by market cap

Fartcoin has just returned Bonk to become the second Solara MEMEcoin by market capitalization, following a 15% rally which pushed its market capitalization above the billions of dollars.

Fartcoin (Fartcoin) rallied more than 15% in the last 24 hours, breaking the psychological resistance at $ 1 in trade at $ 1.06 at the time of the press. With this rally, Fartcoin market capitalization exceeded $ 1 billion, exceeding Bonk (Flag), which is currently at around $ 980 million.

Fartcoin Breakout is not surprising because her price action was in fire recently because she left the range from $ 0.40 to $ 0.55 where she consolidated from March 29 to April 9. Even Directed a powerful escape on April 9, marked by a volume peak which made the price made a maximum intrajournal of $ 0.78. The momentum continued, the price reaching $ 0.97 on April 11 before retreating slightly in a brief phase of consolidation.

Price action quickly resumed its upward trend, exceeding the previous summits and pushing above the $ 1 brand. The trend is clearly bullish As Fartcoin is currently negotiated well above the 20-day EMA and SMA of 50 days. If this momentum continues, the following immediate price target is approximately $ 1.20 to $ 1.25. However, the RSI is close to 70, which can indicate an upcoming decline.

Meanwhile, Bonk has slightly slipped in the past 24 hours, continuing to go between $ 0.00,00095 and $ 0.0000138, with a relatively moderate momentum compared to the explosive break in Fartcoin. The mobile averages are aligned to be bullish, and the price is consolidated near the top of the beach, which can be a pre -routure configuration if the volume comes into play. However, the recent volume is much lower compared to the spikes in March, suggesting that this attempt to break still lacks conviction – a potential sign of continuous range or a slow grinder.

A clean daily fence above this range with monitoring and an increase in volume would confirm an escape, with the next Immediate course target at around $ 0.0000,15, where the price was rejected twice – early and at the end of March.