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Fartcoin Nears $2 as Hyperliquid Listing Drives Record Activity

Fartcoin (FARTCOIN) is making waves again. After a rocky start to 2025, this quirky meme-meets-AI token on Solana’s Pump.fun platform is surging with renewed vigor. Bolstered by its confirmed Tier-1 DEX listing on Hyperliquid, Fartcoin’s futures market is buzzing, with open interest reaching an all-time peak of $712 million. Meanwhile, decentralized exchange trading volume has exploded to over $260 million, underscoring a frenzy of user activity and enthusiasm.

From Deep Lows to Sky-High Gains

Looking back, Fartcoin endured a significant correction in the first quarter of the year, bottoming out near $0.20 in March. Since then, it has staged a remarkable comeback, climbing roughly 575% to hover around $1.26 today. This sharp rebound signals a shift in market sentiment, with investors flocking back to the token after a period of consolidation.

What makes this rebound particularly intriguing is how the current price action mirrors the pattern seen during Fartcoin’s December to January rally. Back then, the coin’s price steadily climbed through a series of smaller gains before ultimately blasting off to its all-time high of $2.74. Right now, a similar “rounded bottom” formation has been developing over the past couple of months, suggesting that the groundwork is being laid for another potential breakout.

Technical Indicators Point to Momentum

The charts back up this optimism. The Relative Strength Index (RSI) is sitting comfortably around 61-62, indicating a bullish stance without tipping into overbought territory. At the same time, the Moving Average Convergence Divergence (MACD) remains positive with no signs of bearish divergence, reinforcing the likelihood of sustained upward momentum.

Volume trends further validate this bullish narrative. Both trading volume and On-Balance Volume (OBV) metrics reflect ongoing accumulation, signaling that market participants are steadily building positions rather than offloading.

If Fartcoin manages to clear the $1.46 resistance decisively, it could soon target the 0.618 Fibonacci retracement level near $1.76. From there, the path to $2.00 and even $2.19 appears open, assuming the momentum holds strong.

Record Open Interest and Trading Activity

On-chain data reveals just how much excitement this token is generating. Futures open interest on Hyperliquid surged to a record $712 million — an unprecedented figure for Fartcoin — pointing to increasing interest not only from retail traders but also potentially larger institutional players. This heightened speculative activity often foreshadows significant price moves.

Simultaneously, decentralized exchange activity has reached new heights. Dune Analytics reports a spike in daily DEX volume to $261.88 million on May 12, accompanied by over 341,000 trades — numbers not seen since Fartcoin’s previous peak rally. This volume surge confirms that a broad base of users is actively trading and engaging with the token.

Price Outlook: What’s Next for Fartcoin?

If the current bullish setup continues, the immediate target zone sits between $1.76 and $2.00, likely within the next one to two weeks. The trajectory mirrors the previous January breakout, which was marked by periodic pullbacks before resuming upward thrusts. Indeed, minor corrections near key support levels (like the $1.00 retest and $1.46 pullback seen earlier in the year) are part of a healthy rally and could occur again.

Looking further ahead, the ambitious all-time high of $2.74 remains in sight — a target that depends heavily on sustained volume and positive market sentiment. On the flip side, traders should remain cautious about key support levels. A drop below $1.20 might trigger retracements down to $1.00 or $0.88, both of which have historically acted as strong cushions during past dips.

Conclusion

Fartcoin’s current surge isn’t just hype built on meme culture alone; it’s a breakout grounded in clear technical patterns and robust on-chain data. The excitement around its Hyperliquid Tier-1 DEX listing has injected fresh liquidity and interest, fueling a rally that looks poised to test significant milestones.

For anyone watching the memecoin space closely, Fartcoin is shaping up as a must-watch token. Provided it maintains its support zones and momentum, a retest of $2 — and possibly even new highs — feels increasingly plausible.