This week, the decreasing market cap of cryptocurrencies and significant fluctuations in Bitcoin’s price have impacted the leading tokens: Hyperliquid, Curve DAO, and Fartcoin. Over the past week, these three assets have surged between 25% and 100%.
The total crypto market capitalization currently stands at $2.711 trillion, reflecting a 2% increase in the last 24 hours. Bitcoin’s market cap has also risen by 2% since the start of April 2025. The dominance of Bitcoin (BTC) has been on the rise throughout April, which seems to postpone the anticipated altcoin season for this cycle.
Despite Bitcoin’s price crashes, some altcoins like Hyperliquid (HYPE), Curve DAO (CRV), and Fartcoin (FARTCOIN) have shown resilience amid the ongoing market correction.
Performance of Bitcoin Compared to HYPE, CRV, and FARTCOIN
Since the U.S. presidential election in November 2024, Bitcoin has faced multiple steep sell-offs. After nearly five downturns, BTC has rebounded each time. The following chart compares Bitcoin’s price performance with that of HYPE, CRV, and FARTCOIN.
While Bitcoin’s performance remained mostly flat over the last seven days, it saw a gain of 5.45% on Friday. Conversely, Hyperliquid experienced a remarkable increase of 34% and traded nearly 11% higher that day. Curve DAO rose by 20% in the past week, with an 11% jump on April 11.
The chart data clearly indicates that these altcoins achieved double-digit growth compared to Bitcoin’s relatively modest shift.
Analysis of Derivatives for HYPE, CRV, and FARTCOIN
Derivatives traders are optimistic about HYPE’s price climbing in the upcoming weeks. The long/short ratio, an essential indicator used to gauge market sentiment towards a token, is currently at 1.0799, which is above one.
This indicates a higher volume of long positions compared to shorts in HYPE, reflecting traders’ bullish outlook on the token. Open Interest increased by 16% to $554.95 million, and in the past 24 hours, $193 million in short positions have been liquidated against $19 million in longs.
Traders holding short positions are incurring losses as they get liquidated while HYPE continues its upward trajectory.
Similarly, CRV’s open interest soared on Friday, increasing from $126.38 million to $155.80 million within 24 hours. During this time, about $2.15 million in CRV shorts were liquidated as the long/short ratio for CRV also remained above one, echoing the bullish stance seen with HYPE.
FARTCOIN also experienced a dramatic 50% rise in open interest over the last day. While its overall derivatives volume lags behind HYPE and CRV, this meme coin witnessed nearly eight times more short liquidations than long ones during the last 24 hours.
The outlook for this Solana-based meme coin is bullish, as FARTCOIN significantly outperformed the broader cryptocurrency market in April 2025.
Price Forecast for HYPE, CRV, and FARTCOIN
Hyperliquid may extend its gains by 33%, aiming to test the resistance at R1, $20.850. This price point represents the lower limit of an FVG on the daily chart. HYPE could see support around $13.141, another crucial level defined by the FVG boundary on its daily chart against USDT.
Technical indicators are in favor of this bullish outlook. The RSI is at 57 and rising, while the MACD is displaying green histogram bars above the neutral line, indicating bullish momentum.
CRV is targeting resistance at $0.6770, which would represent a 7.68% increase from current levels, with another resistance zone at $0.7083. Should a correction occur, CRV might find support at $0.5522.
FARTCOIN could rise another 22% if the bullish trend continues, with a target resistance level at $1.13308. However, the RSI has entered an overbought zone, indicating a possible short-term correction. Despite this, the MACD remains optimistic, showing green bars above the neutral threshold.
As of the latest update, FARTCOIN is trading at $0.92347.
Disclaimer: This article does not constitute investment advice. The content and materials provided here are for educational purposes only.