AI Meme Coin Fartcoin Breaks Records With New ATH – What's Next?

Fartcoin has surged by 36% today, with its rally to $1.39 earlier this morning setting a new all-time high for the Solana-based AI meme coin.

It has since retreated slightly to $1.35, yet this still represents a massive 660% increase in the past month, with Fartcoin quickly becoming one of the best meme tokens to buy right now.

Yet as strong as Fartcoin looks right now, its indicators are all suggesting that it has entered strongly overbought territory, with the coin down by 7% since reaching its new ATH earlier today.

Investors may therefore wish to hold off before jumping into the token, which has the momentum to become a serious rival to Pepe, Shiba Inu and Dogecoin.

AI Meme Coin Fartcoin Breaks Records With New ATH – What's Next?

The product of a generative AI model called Truth Terminal, Fartcoin has been on a rampage since launching in the middle of October.

Its indicators have been riding high more or less constantly since listing, and today its RSI (purple) has risen above 80.

This is normally a sign of overbuying, implying that the token needs to correct in the next few days.

Its 30-period average (orange) supports this view, given that it has raced well ahead of the 200-period average (blue).

Yet what’s interesting about FARTCOIN’s ascent to a new ATH today is that it has happened with a trading volume ($154 million) that is actually lower than it was on December 20 ($286 million), when it reached a then-record high of $1.27.

One way of interpreting this is to suggest that Fartcoin has plenty of room left to rally, especially when its volume remains so low in comparison with more established tokens.