FARTCOIN big pump leads the charge! LINK, SOL attack key resistance, US Treasury Secretary calls for rate cuts in September.

The crypto market is experiencing a comprehensive recovery driven by macro favourable information and capital inflows. Fartcoin (FARTCOIN) has surged over 20% in the past 24 hours, becoming the focal point of the rally; Chainlink (LINK) and Solana (SOL) continue their upward momentum, approaching key technical levels. On the macro front, the US July CPI remains at 2.7%, and US Treasury Secretary Scott Bessent has called for a 50 basis point rate cut, further boosting market risk appetite.

Fartcoin leads the meme coin market

(Source: Trading View)

Fartcoin surged 19% on Tuesday and rose another 1% on Wednesday, successfully reclaiming the psychological barrier of $1 and the 61.8% Fibonacci retracement level ($1.005).

Upside target: If it breaks through 1.085 USD, it will likely impact the 78.6% retracement level of 1.562 USD.

Technical signals: RSI has rebounded to 48, indicating a warming buying sentiment; MACD converges with the signal line, releasing a neutral to bullish signal.

Downside risk: If it falls below 1.000 USD, it may test the support level of 0.737 USD (50% retracement level).

Chainlink Restarts Bullish Trend

(Source: Trading View)

LINK rose by 12% on Tuesday and then increased by another 2% on Wednesday, recovering its high since early February.

Upside target: Challenge $26.86 (high on January 22), still about 10% space from the current price level.

Technical signals: RSI is at 73, indicating short-term overbought; MACD continues to rise, with momentum still leaning bullish.

Downside risk: If buying pressure weakens, it may test the support level at 22.05 USD.

Solana approaches the 200 USD mark

(Source: Trading View)

After SOL surged 9.69% on Tuesday, it rose another 3% on Wednesday, breaking through $191 (61.8% Fibonacci retracement level) and approaching the psychological barrier of $200.

Upward target: If the closing remains above 191 USD, the pump may extend to 232 USD (78.6% retracement level).

Technical signals: RSI is at 64, still has upward space; MACD line breaks through the signal line, releasing a buy signal.

Downside risk: If it breaks below 191 USD, it may retrace to 167 USD (50% retracement level).

Macroeconomic Background: Interest Rate Cut Expectations Boost Market Sentiment

The U.S. July CPI year-on-year growth rate remained at 2.7%, lower than market expectations, strengthening market bets on a rate cut in September. U.S. Treasury Secretary Scott Bessent even called for a one-time rate cut of 50 basis points to stimulate the economy and capital markets. This move propelled crypto assets and risk assets to rise in tandem, with high beta coins such as Fartcoin, LINK, and SOL benefiting significantly.

Conclusion

Driven by both macro favourable information and technical breakthroughs, Fartcoin leads the surge among meme coins, while Chainlink and Solana target key price levels. If the macro environment continues to lean bullish, the crypto market may welcome a new round of pump cycles. Investors should closely monitor technical level breakthroughs and changes in macro policies, flexibly adjust their positions to seize opportunities and manage risks. For more real-time market information and in-depth analysis, please follow the official Gate platform.