Is It Too Late To Buy FATCOIN? Fatcoin Price Skyrockets 5,300% And This Might Be The Next Crypto To Explode

The Fatcoin price skyrocketed more than 5,300% in the last 24 hours to trade at $0.00649 as of 6:15 a.m. EST as investors rush to buy the Solana meme coin.

Following the surge in the FATCOIN price, investors and traders have started to decrease their exposure to the crypto. GeckoTerminal data shows that the altcoin’s price has corrected more than 32% in the last hour.

Fatcoin Price Escapes A Negative Channel

1-hour chart for FATCOIN/USD (Source: GeckoTerminal)

The Fatcoin price was able to break out of a descending price channel in the last few hours, and is now attempting to break above the resistance level at $0.009270. Additionally, a positive trend line has emerged on the meme coin’s chart after the crypto recorded a second higher low recently. If FATCOIN continues to trade above this bullish line, it could surge to $0.015849.

However, a drop below the recently-established trend line might lead to a corrective phase for the meme coin. In this alternative case, the Fatcoin price could test the immediate support level at $0.004715. A break below this technical crutch might then expose the meme coin to the risk of dropping to as low as $0.001173.

Buyers Have Control Of The Fatcoin Price, But Are Growing Weaker

From a technical perspective, FATCOIN is still trying to find its bearings in the market and establish a technical structure. However, the Relative Strength Index (RSI) on the 1-hour chart shows that buyers have a slight upper hand over sellers, with the current reading above the neutral 50 mark. 

Traders will want to keep an eye on the RSI on the 1-hour chart to try and gauge the meme coin’s next movements. The recent change in slope from positive to negative warns that more sell pressure might soon enter the crypto’s charts. This will likely come from early investors who are looking to realize their profits from the crypto’s surge.

While traders wait and see what the Fatcoin price will do next after its recent surge, the presale for new Solana layer-2 project Solaxy (SOLX) has raced past $9.3 million in funding.

The frenzy around the new token comes amid a series of bullish SOLX predictions made by several crypto experts. Recently, an analyst from the 99Bitcoins YouTube channel, which has over 719K subscribers, said that Solaxy has the potential to soar 200X after its launch.

Solaxy To Help Solana With Its Overwhelming Meme Coin Workload

Meme coins were the best performing asset class in the crypto space last year. The sector’s strong performance is likely to continue through 2025 as analysts forecast a meme coin supercycle this year. Solana, with its lightning speeds and low fees, has become the chain of choice for developers looking to capitalize on the meme coin hype.

With new tokens flooding the market on a daily basis, Solana finds itself under immense computational stress and could soon face another outage. Solaxy aims to prevent any downtime for the Solana blockchain through its highly-scalable and cost-efficient layer-2 chain.

Once it has scaled the Solana network, Solaxy will then proceed to execute on its bigger ambitions to connect the Solana and Ethereum blockchains. 

This will lead to a new and improved ecosystem that combines Ethereum’s robust framework and reputation in the DeFi space with Solana’s low fees and speed. Solaxy will then act as a value transfer railway between two of the most prominent blockchain networks in the Web3 space.

SOLX Offers High Staking Return

Investors are betting big on Solaxy’s future, as evident by the project’s impressive raise so far. In addition to its high degree of scalability and its mission to bridge Ethereum with Solana, there is an attractive staking initiative being offered to presale buyers that could be contributing to the buying frenzy.

This passive rewards opportunity, which offers a 372% APY, is open to anyone who buys and stakes SOLX now. To get started, investors will first need to acquire the token via the easy-to-use widget embedded on the project’s website. Selling for $0.001596, the crypto can be acquired with either crypto or bank card.

Once purchased, the last step for investors to unlock the rewards is to put their SOLX tokens to work through the staking page on the website.

Buy before a price hike in less than 2 days to lock in the best deal.

Purchase and stake SOLX here for the 372% APY.

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