Fartcoin (FC) price returns from DIP to $0.56 for trade - how high can it go?

Global market turmoil is intensifying, major economies are not giving in to each other, and the trade war continues to escalate. On Wednesday, major U.S. stock market indexes fell sharply, with the S&P 500 falling 1.9%, the Dow Jones Industrial Average falling 0.8%, and the Nasdaq Composite falling 2.4%. Previously, the White House confirmed that the 104% tariff on Chinese goods will continue to be implemented, and the 34% tariff on American goods by Asian countries will also take effect. Although the market had previously rebounded briefly due to positive financial reports and expectations of the Sino-US trade agreement, the confirmation of tariffs quickly reversed market sentiment. The failure of China and the United States to reach an agreement in the ninth round of negotiations last week led to this result. China imposes tariffs on US$75 billion worth of US dollars and US$60 billion worth of Chinese goods, covering a variety of commodities such as agricultural products, seafood, textiles, furniture, toys and footwear. The trade dispute, which lasted more than a year, began with the U.S. tariffs on Chinese goods aimed at narrowing the trade deficit, while China took countermeasures. At present, the possibility of a breakdown in negotiations between the two sides has increased, and the future direction is still unclear.

In other markets, safe-haven assets such as the US dollar and gold both fell, and the price of Bitcoin fell below $77,000. However, Solana Meme coin Fartcoin rose against the trend, rebounding 6% after a brief pullback to the price reaching $0.56. Some analysts compare it to gold and bonds, saying it has shown resilience amid market turmoil. “Our parents have gold and bonds, we have Fartcoin,” commented one analyst. Fartcoin's price trend is in a cup-handle pattern, indicating a possible sharp rise, even reaching $1. However, investors still need to be cautious and recommend waiting for it to break through the resistance level of US$0.63-0.64 before considering investment to avoid the risk of pullback caused by the double top pattern.

Meanwhile, Solana's Layer 2 solution Solaxy (SOLX), has attracted much attention, with its ICO raising nearly $30 million. Designed to solve Solana network congestion, Solaxy is based on cutting-edge technology with zero-knowledge aggregation to ensure low-cost transactions even in high traffic conditions and achieve zero downtime in Solana network. Experts praised it as the next tenfold coin and believe it is one of the Solana Meme coins worth paying attention to at present. However, for inexperienced investors, risks need to be carefully assessed.

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