The Solana-based meme coin, FARTCOIN, has experienced a surge of 20% in the past 24 hours, making it the top gainer in the market. Currently trading at $1.45, just below its all-time high of $1.61, the token has a bullish technical setup and may retest its peak and potentially surpass it in the near future. FARTCOIN's Balance of Power (BoP) indicator is currently in an upward trend at 0.53, indicating increasing buying pressure and potential for a sustained uptrend. The coin's price increase has pushed it above its Ichimoku Cloud, which acts as a dynamic support zone, reinforcing the likelihood of continued upward movement. If the uptrend continues, FARTCOIN could revisit its all-time high or even reach a new one. However, if selloffs resume, the bullish outlook would be invalidated, and the price could drop to $1.03.



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