This week, the declining crypto market capitalization and large swings in Bitcoin’s price have influenced the top-performing picks: Hyperliquid, Curve DAO, and Fartcoin. These three tokens have rallied between 25% and 100% in the past seven days.
Crypto market capitalization now stands at $2.711 trillion, up 2% in the last 24 hours. Bitcoin’s market cap has climbed 2% since the beginning of April 2025. Bitcoin (BTC) dominance has been in an upward trend throughout April, likely delaying the onset of an altcoin season in this cycle.
Bitcoin’s flashcrashes failed to influence a few altcoins, Hyperliquid (HYPE), Curve DAO (CRV), and Fartcoin (FARTCOIN) showed resilience in the face of the ongoing market correction.
Bitcoin performance against HYPE, CRV and FARTCOIN
Bitcoin’s price has experienced multiple harsh selloffs since the U.S. presidential election in November 2024. After nearly five such dips, BTC recovered each time. The chart below compares Bitcoin’s price performance against HYPE, CRV, and FARTCOIN.
While Bitcoin remained relatively flat over the past seven days, it gained 5.45% on Friday. In the same timeframe, Hyperliquid rose 34% and traded nearly 11% higher on the day. Curve DAO gained 20% in the past week, rallying 11% on April 11.
The chart data clearly shows that these altcoins posted double-digit gains against Bitcoin’s relatively modest move.
HYPE, CRV and FARTCOIN derivatives analysis
Derivatives traders are betting on further rally in HYPE price in the coming weeks. The long/short ratio, a key metric used to identify whether derivatives traders are bullish or bearish on a token, reads 1.0799, a value greater than one.
There is a larger volume of long positions against short ones in HYPE, meaning traders remain bullish on the token. Open Interest climbed 16% to $554.95 million and $193 million in shorts have been liquidated in the last 24 hours, against $19 million in longs.
Traders with short positions are paying for longs as they get liquidated and HYPE continues its upward trend.
CRV’s open interest also surged on Friday, climbing from $126.38 million to $155.80 million within 24 hours. Approximately $2.15 million in CRV shorts were liquidated during this period. The long/short ratio for CRV is also above one, mirroring HYPE’s bullish setup.
FARTCOIN saw a 50% increase in open interest over the last day. Although its overall derivatives volume remains lower compared to HYPE and CRV, the meme coin saw nearly eight times more short liquidations than long ones in the past 24 hours.
The derivatives analysis outlook is bullish for the Solana-based meme coin, as FARTCOIN outperforms broadly the entire crypto ecosystem in the month of April 2025.
HYPE, CRV and FARTCOIN price forecast
Hyperliquid could extend its gains by 33% and test resistance at R1, $20.850. This level marks the lower boundary of an FVG on the daily price chart. HYPE could find support at $13.141, another key level marked by the boundary of an FVG on the HYPE/USDT daily price chart.
Technical indicators support this bullish thesis. RSI is at 57 and rising, while MACD is printing green histogram bars above the neutral line, signaling bullish momentum.
CRV could target resistance at $0.6770, representing a 7.68% upside from current levels. A further resistance zone lies at $0.7083. In the event of a correction, CRV may find support at $0.5522.
FARTCOIN could climb another 22% if bullish momentum persists, with a target resistance level at $1.13308. The RSI has entered overbought territory, suggesting a potential short-term pullback. However, MACD remains bullish with green bars above the neutral line.
At the time of writing, FARTCOIN is trading at $0.92347.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
