The Solana-based meme coin FARTCOIN has once again claimed its spot as the market’s top gainer, surging to a two-month high of $0.73. 

It has seen an impressive 39% price increase over the past 24 hours, reflecting a notable uptick amid an otherwise declining market.

FARTCOIN Defies the Odds, Soars to Two-Month High

FARTCOIN plunged to a year-to-date low of $0.19 on March 10. This presented a buying opportunity for the meme coin holders, who have since increased their buy orders for the token. Trading at a two-month high of $0.72 as of this writing, FARTCOIN’s value has since soared by 279% in the past month. 

On the daily chart, FARTCOIN’s triple-digit rally has pushed its price above the Leading Span A (green line) of its Ichimoku Cloud. The strengthening bullish momentum is now driving the altcoin toward the Leading Span B (red line) of this indicator, a breakout of which would further validate FARTCOIN’s current bull run.

The Ichimoku Cloud tracks the momentum of an asset’s market trends and identifies potential support/resistance levels. 

When an asset’s price breaks above Leading Span A and is poised to break above Leading Span B, it signals a strengthening bullish trend. This hints at the potential for further upward movement as FARTCOIN moves into a more favorable market position.

Further, the altcoin’s Chaikin Money Flow (CMF) remains above the zero line, confirming the preference for FARTCOIN accumulation over selloffs. At press time, this momentum indicator, which measures how money flows into and out of an asset, is at 0.13.

A positive CMF reading during a rally like this indicates strong buying pressure and market participation, as the volume of buy orders outweighs sell orders. This suggests that FARTCOIN’s rally is supported by solid demand, reinforcing the sustainability of the upward movement.

FARTCOIN is on Track for $1

Since its rally began on March 10, FARTCOIN has traded within an ascending parallel channel. This bullish pattern confirms the growing demand for the meme coin.

If buying pressure strengthens, FARTCOIN could extend its gains. In that case, its price could break above the Leading Span B, which currently forms a dynamic resistance above its price. A successful break above this level could propel the token toward $1.

However, if profit-taking resumes, this bullish projection will be invalidated. In that scenario, meme coin FARTCOIN’s price could dip to $0.54.

Reserve Rights (RSR) has experienced a notable 22% increase in its price over the last 24 hours. This surge follows the news of Paul Atkins, former Reserve Rights Foundation advisor, becoming the new chair of the US Securities and Exchange Commission (SEC).

Additionally, US President Donald Trump’s decision to pause reciprocal tariffs has added a layer of optimism to the cryptocurrency market, further buoying RSR’s price. 

Reserve Rights Investors May Note Profits Soon

The market sentiment surrounding RSR remains cautiously optimistic, driven by a significant accumulation of tokens. According to the IOMAP, around 46.73 billion RSR tokens, valued at over $350 million, are currently sitting at a price range between $0.007983 and $0.008202. 

These tokens have not yet reached a profit zone, but an 8% rally would make them profitable for investors. As these large holders are likely to maintain a bullish outlook, the anticipation of possible profits could further strengthen the buying sentiment, contributing to a price increase.

However, if the holders aim to sell for a break-even, it might negatively impact the RSR price rally.

Despite the news of Paul Atkins becoming SEC Chair, the overall macro momentum for RSR appears to be lackluster. The Chaikin Money Flow (CMF) indicator, which measures market liquidity and investor buying pressure, has not seen any sharp upticks, even after the recent announcements. 

This suggests that, while the netflows have been positive, they remain underwhelming compared to the size of the positive developments. If RSR’s price continues its uptick in the coming days, there is a chance that the CMF will start to reflect stronger positive sentiment.

RSR Price Is Rising

Reserve Rights (RSR) price is currently trading at $0.007543, with a strong support level at $0.007386. Given the 22% rally over the last 24 hours, it is possible that the token will continue to rise if it holds above this support. 

A bounce off $0.007386 could see RSR making its way to $0.008196. This would bring the altcoin closer to a profitable range for many investors as well as imbue confidence regarding further rally.

However, should RSR fail to breach the $0.008196 resistance or fall below the support of $0.007386, the altcoin’s price could drop to $0.006601 or even lower towards $0.005900. This would significantly damage the bullish thesis and extend recent losses, potentially leading to a further period of consolidation.