The post Fartcoin Surges Over 14% After Coinbase Roadmap Surprise-Here’s What’s Next for the Price! appeared first on Coinpedia Fintech News
Fartcoin made headlines this week after a sharp 14% rally following its surprise inclusion in Coinbase’s official listing roadmap. With the trading volumes spiking over 100% in the past 24 hours, the market reaction was swift and enthusiastic. But beyond the initial excitement lies a key question: Is this the beginning of a sustainable bullish breakout or just another short-lived hype cycle?
Coinbase Catalyst: What Does It Mean?
Coinbase’s roadmap additions often serve as strong short-term catalysts, with many tokens being officially listed within a few weeks of announcement. For Fartcoin, this development marks a significant moment of validation in the eyes of retail traders and speculative investors alike. The roadmap’s inclusion hints at potential liquidity access and mainstream exchange visibility, which are the key factors that often drive new capital inflow.
However, the lack of a confirmed listing date leaves room for uncertainty. While past examples show that roadmap tokens frequently see price appreciation, they are also susceptible to ‘buy the rumour, sell the news’ dynamics if the actual listing delays or market interest wanes.
What’s Next for the Fartcoin Price Rally? Will it Reach $2?
Fartcoin price is trading around $1.04 to $1.05 at press time, while the technicals are hinting towards the token attempting to flip the previous resistance into support. A clean break above $1.1 could open the path toward a more sustained rally, especially if accompanied by increasing volume and positive market sentiment.
The above chart shows that the FARTCOIN price is on a growth trajectory as it defends the lower support by triggering a strong rebound. While being in the rising expanded channel, the price is expected to take a steep rise towards the resistance or maintain a consolidated ascending trend, which includes a couple of corrections, and reach $2. The RSI is trying for a bullish reversal, which substantiates the bullish claim.
However, caution is warranted, as the current pattern could also form a classic bull trap, particularly if price action fails to hold above the key levels. The local support for the Fartcoin price rally remains around $0.93, which is the recent low. A drop below this level would likely invalidate the short-term bullish setup.