Fartcoin has just flipped Bonk to become the second-largest Solana memecoin by market cap, following a 15% rally that pushed its market cap above the $1 billion mark.
Fartcoin (FARTCOIN) has rallied over 15% in the past 24 hours, smashing through the $1 psychological resistance to trade at $1.06 at press time. With this rally, Fartcoin’s market cap has surged past $1 billion, overtaking Bonk (BONK), which currently sits at around $980 million.
FARTCOIN breakout comes as no surprise as its price action has been on fire recently as it broke out of the $0.40 – $0.55 range where it has been consolidating from March 29 to April 9. The memecoin staged a powerful breakout on April 9, marked by a spike in volume that drove the price to an intraday high of $0.78. The momentum continued, with the price hitting $0.97 on April 11 before pulling back slightly into a brief consolidation phase.
The price action soon resumed its uptrend, breaking past previous highs and pushing above the $1 mark. The trend is clearly bullish as FARTCOIN currently trades well above both 20-day EMA and 50-day SMA. If this momentum continues, the next immediate price target is at around $1.20–$1.25. However, the RSI is nearing 70, which may indicate an upcoming pullback.
Meanwhile, Bonk has slipped slightly in the past 24 hours, continuing to range between about $0.0000095 and $0.0000138, with momentum looking relatively subdued compared to Fartcoin’s explosive breakout. The moving averages are aligning bullishly, and price is consolidating near the top of the range, which can be a pre-breakout setup if volume kicks in. However, recent volume is much lower compared to March spikes, suggesting this breakout attempt is still lacking conviction — a potential sign of continued range behavior or a slow grind up.
A clean daily close above this range with follow-through and rising volume would confirm a breakout, with the next immediate price target at around $0.000015, where the price was rejected twice — in early and late March.