FART Surges 460% from Yearly Lows, Eyes $1.76 Target with Bullish Technicals

Fartcoin (FART) broke the critical $1 barrier for the first time since January, marking an impressive 460% rally from its yearly lows and positioning itself near its all-time high. The coin's performance is highlighted by a textbook cup and handle pattern on the eight‑hour chart, which suggests a potential move toward $1.76—a 55% upside from current levels. Reduced exchange reserves, declining from 153 million to 142.5 million tokens over the past week, indicate strong investor confidence as more holders move assets off centralized platforms. Compared to its peers like Dogwifhat and Bonk, FART’s low supply on exchanges positions it favorably amidst broader meme coin market volatility. However, while bullish technical signals dominate the outlook, traders are advised to be cautious as elements of Wyckoff Theory point to a possible distribution phase after a strong markup. Despite such risks, the rising on-chain activity and robust technical setup reinforce market optimism about FART’s potential for further upward movement.