Source: Cointelegraph Original: "{title}"

FartCoin has surged over 36% in the past 24 hours as of Thursday (April 10) at 3:16 PM; it has skyrocketed over 83% in the past 7 days, and the increase over the past 30 days has reached approximately 222%, making it one of the strongest performing mainstream memecoins recently.

Among them, Gate.io accounted for the largest trading volume in the past 24 hours globally, with a share of about 16%.

FartCoin's trading situation across exchanges. Source: CoinGecko

The entire cryptocurrency market rebounded significantly following Trump's announcement to suspend most countries' tariff wars for 90 days, while only increasing tariffs on China to 125%. According to CoinMarketCap, the total market capitalization of the cryptocurrency market surged to approximately $2.6 trillion, up 6% from the previous day.

U.S. stocks also experienced a crazy surge, with the Nasdaq Composite Index recording its best single-day performance since 2008, with a single-day market value increase of $3.5 trillion, an increase equivalent to the total market capitalization during last year's cryptocurrency market peak.

Other memecoins also saw wild increases, with Dogecoin, Shiba Inu, and Pepe doubling in price within just a few hours, demonstrating the explosive market conditions and rapid changes.

FartCoin's price is currently on an upward trend, and if the bullish momentum continues, it may soon test the resistance level of $0.75. Breaking through this level would be significant and could pave the way for a move towards $1 for the first time since February. Such a breakthrough could attract new attention and trading volume, strengthening the bullish case in the short term.

However, considering the overall lackluster performance of the memecoin sector in recent months, this upward trend may be quite fragile.

If FartCoin's momentum weakens and falls below the key support level of $0.538, the price could quickly drop to the support range of $0.38 to $0.35. If these two support levels are also breached, selling pressure will further intensify, ultimately testing the lows of $0.26 to $0.19. However, such a scenario typically occurs only when the market shows a clear and sustained downward trend.

Related: Wall Street is facing a terrible crash, while FartCoin has risen 30%

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