Fartcoin price struggles near $1 as bullish momentum wanes

Despite achieving a significant gain since early April, Fartcoin has struggled to break past the psychological $1 mark. The meme coin’s recent rally was initially fueled by DeFi growth and institutional interest, but it now faces resistance at this critical level. While technical indicators suggest bullish potential, traders are cautious due to price stagnation near that key point. 70% of investors currently hold long positions, with most remaining hesitant to push above $1.