Fartcoin based on Solana reached a new all-time high, briefly exceeding a market capitalization of $1 billion! 🚀 This happened against the backdrop of a general decline in the cryptocurrency market due to the announcement by the US Federal Reserve of a 25 basis point rate cut.

Despite the drop of giants like Bitcoin and Ethereum, Fartcoin rose by 21%, reaching $1.02. However, the price soon pulled back to $0.7158, but then began to rise again. At the time of writing, the price is $0.9889, which is 17.6% higher over the last 24 hours.

Analysts note that Fartcoin follows an impulse wave pattern, and a correction to $0.70-$0.58 is expected before a new wave of growth. However, if the price falls below $0.58, this could negate the bullish forecast. 📉