Fartcoin, a previously dismissed meme token, is gaining significant interest with a nearly 17% daily gain.
The charts indicate a classic bullish setup and key technical indicators align for a potential parabolic run.
On the daily chart, Fartcoin has recovered from a previous downtrend and is forming a cup-and-handle-like formation, indicating a breakout structure.
While $5 might sound over-the-top, if Fartcoin clears the $1.80 zone with strong market momentum and meme coin hype, a move towards $3-$5 is not off the table long term.