On December 18, Fartcoin, a Solana-based meme coin, reached an all-time high of $1.02, briefly surpassing a $1 billion market cap, despite a downturn in the broader crypto market following a Federal Reserve rate cut announcement. While major cryptocurrencies like Bitcoin and Ethereum fell by 4% and 5%, respectively, Fartcoin surged 21%, although it later retraced to $0.7158 before recovering to $0.9889. Analysts predict a potential pullback to the $0.70 to $0.58 range before aiming for targets of $1.12 and $1.27, cautioning that a drop below $0.58 could jeopardize its bullish outlook.
