Hyperliquid, Curve DAO, Fartcoin: The Crypto Circus You Can’t Miss! 🎪

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Ah, the crypto market—a place where fortunes are made, lost, and occasionally farted away. This week, as Bitcoin stumbled like a drunkard after the U.S. presidential election, three tokens—Hyperliquid, Curve DAO, and Fartcoin—emerged as the unlikely heroes of this digital circus. Rallying between 25% and 100% in the past seven days, these tokens have proven that even in a market as volatile as a Russian winter, there’s always room for a little absurdity. 🎭

The crypto market capitalization now stands at a staggering $2.711 trillion, up 2% in the last 24 hours. Bitcoin, the old guard, has seen its market cap climb 2% since the beginning of April 2025. But alas, Bitcoin’s dominance has been on the rise, delaying the much-anticipated altcoin season. It’s as if the king refuses to abdicate his throne, leaving the jesters to wait in the wings. 👑

Despite Bitcoin’s flash crashes, Hyperliquid (HYPE), Curve DAO (CRV), and Fartcoin (FARTCOIN) have shown remarkable resilience. It’s as if they’ve been fortified by some mystical elixir, or perhaps just the sheer audacity of their names. 🧙‍♂️

Bitcoin performance against HYPE, CRV and FARTCOIN

Bitcoin’s price has been on a rollercoaster ride since the U.S. presidential election in November 2024. After nearly five dips, it has managed to recover each time, like a cat with nine lives. 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. It’s a classic case of the shorts getting their pants pulled down. 🩳

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. It’s as if the market has decided that CRV is the belle of the ball. 💃

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. It’s a fart that’s making waves. 💨

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. It’s as if HYPE has found its second wind. 🌬️

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. It’s a delicate dance, but CRV seems to have the moves. 💃

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. It’s a fart that’s defying gravity. 🚀

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2025-04-12 00:38