Popular Solana meme coin Fartcoin is finally showing bullish strength.
After a double-bottom formation at $0.29, the Fartcoin price surged nearly 40% to $0.40 on Friday.
Despite a subsequent pullback to $0.34, Fartcoin price predictions from several prominent analysts claim that the meme coin has finally bottomed out and started a trend reversal.
Others, however, are not convinced. The weakness in Bitcoin, Ethereum and Solana also isn’t inspiring much confidence among bulls.
Fartcoin Price Prediction — Time To Buy The Dip?
The AI meme coin hype certainly ran out of steam early in January. Prominent analysts revealed that coins like Fartcoin and ai16z completed a 5-wave impulsive upside move last month and were poised for a bearish reversal.
Unsurprisingly, Fartcoin plunged over 80% from its January all-time high, dropping from $2.60 to $0.30 in less than a month.
However, experts now believe that the Solana meme coin has bottomed out at $0.30.
.@Bluntz_Capital got attacked for saying fartcoin was gonna go down at $2+I got attacked for saying it’s gonna go up at $0.30Study market psychology
— CRG (@MacroCRG) February 21, 2025
Prominent analyst CRG reveals that the Fartcoin price has broken out of a multi-week macro descending trendline, typically considered an extremely bullish signal for meme coins.
CRG opened a long position on the meme coin at $0.30 and has already secured impressive returns. He claims that Fartcoin’s mainstream popularity, its DEX liquidity and daily volume make it one of the best meme coins to invest in for 2025.
However, other analysts aren’t convinced just yet. Altcoin Sherpa would prefer buying Fartcoin on the way up, noting that recent local bottoms have been short-lived and continue to follow a lower-high, lower-low structure.
The weakness in large-cap crypto assets couldn’t be ignored as well. For instance, the Bitcoin and Ethereum prices failed to flip the $100k and $2,850 resistances respectively. On the contrary, Solana appears poised for more downside volatility and could drop to $117.
Considering Fartcoin is a SOL-based meme coin, it faces more downside risk as well.
As a result, sidelined investors should wait for a retest of the macro descending trendline that Fartcoin broke this week. A bounce-back from the structure would present an excellent buying opportunity. On the contrary, they could wait for better entry points in the event of a bearish breakdown.
Is Mind of Pepe A Better Investment?
There has been a massive rotation of capital from Solana to the Ethereum ecosystem. Several experts are now expecting Ethereum meme coins to outperform their SOL counterparts in the coming weeks.
As a result, while Fartcoin and ai16z could face more downside risk, smart money investors and whales are buying Mind of Pepe (MIND), one of the most prominent Ethereum-based AI agent crypto.
The MIND presale has already raised nearly $7 million in short order behind strong whale and retail interest.
Much like ai16z and AIXBT, Mind of Presale is launching its own AI agent—a self-sovereign, self-evolving entity designed to benefit MIND holders.
It has self-managed X and Telegram accounts and will collect reliable alpha tips, market sentiment and the latest trends and give actionable tips to MIND holders.
Moreover, it can create its own meme coins, thanks to its self-managed crypto wallet. Once again, MIND holders will get discounted access to these tokens.
Considering Mind of Pepe is still in the early stages of its presale, analysts believe it is highly undervalued. As a result, many of the early buyers are eyeing up to 100x returns from it.
Visit Mind of Pepe Presale
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
