Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Fartcoin and HYPE Lead Altcoin Gains Amid Market Recovery

Share This Post

The post Fartcoin and HYPE Lead Altcoin Gains Amid Market Recovery appeared first on Coinpedia Fintech News

The wider altcoin market followed in the footsteps of Bitcoin, in a mild recovery, during the past 24 hours. However, some crypto assets recorded impressive gains, led by Hyperliquid (HYPE) and Fartcoin (FARTCOIN).

The Solana (SOL)-based memecoin, FARTCOIN, which had a fully diluted valuation (FDV) of about $572 million, gained around 19 percent in the last 24 hours leading to the mid-London trading session, to hit a local high of about 60 cents.

Hyperliquid price, on the other hand, had gained around 17 percent to trade around $11.84, at the time of this writing.

Interesting On-chain Activity for  Fartcoin and HYPE

According to on-chain data by lookonchain, a crypto trader spent $1.89 million to purchase 3.28 million $FARTCOIN, at an average price of about 58 cents. According to market data from Binance-backed Coinmarketcap, FARTCOIN recorded a 17 percent gain in its 24-hour average trading volume to hover about $306 million at the time of this writing.

Similarly, Lookonchain shows a trader entered a perpetual long trade, with the HYPE-USD cross at around $11.36 and a liquidation (Stop loss) of about $3.2477.  According to market data from Coinglass, the total HYPE futures Open Interest (OI) surged by over 16 percent, in the past 24 hours, to hover about $445 million on Tuesday during the early New York Trading session.

Midterm Expectations 

Amid the ongoing global trade wars – triggered by the recent U.S. reciprocal tariffs especially harsh to the BRICS countries – the wider crypto market has moved in uniform, led by BTC’s price action. Moreover, rising futures and perpetual tradings on top exchanges have been fueled by uniform fundamental outlooks.

As for HYPE, a rising divergence of the daily Relative Strength Index (RSI) amid a falling trend suggests a potential macro reversal.  A consistent close above the established falling logarithmic trendline on the upper border will trigger a fresh bull rally towards TP1 of about $12.27, TP2 of around $17.24, and TP3 of around $21.52. 

On the other hand, the FARTCOIN-USDT cross pair will have to consistently close above an established resistance level of around 58 cents to confirm further bullish sentiment.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

BzzDrop Launches World’s First “Survey-to-Earn” Blockchain Reward Platform, Announces $BZZ Airdrop

The post BzzDrop Launches World’s First “Survey-to-Earn” Blockchain Reward Platform, Announces $BZZ Airdrop appeared first on Coinpedia Fintech News BzzDrop, a groundbreaking Web3 platform,

Binance’s Spot-to-Futures Ratio Hits 1.5-Year Peak as Bitcoin Reclaims $109K

Bitcoin continues to show upward momentum as it has now finally reclaimed a critical price mark As of the latest data, BTC briefly traded above $109,000; however, it has since retraced, now trading

Crypto.com Secures MiFID License to Expand Services Across Europe

Cryptocom has secured a MiFID license via its acquisition of Allnew Investments Ltd, paving the way for broader financial services offerings, including securities and derivatives across Europe

Crypto Bull Run 2025: Altcoins to Surge 200% in 2-4 Weeks?

The post Crypto Bull Run 2025: Altcoins to Surge 200% in 2-4 Weeks appeared first on Coinpedia Fintech News The crypto market has entered a thrilling phase, with Bitcoin hitting a new all-time high

Top Three Altcoins To Buy in the Coming Altseason As Analyst Forecasts Life-Changing Gains: Ethereum, Unilabs, and Cardano

The post Top Three Altcoins To Buy in the Coming Altseason As Analyst Forecasts Life-Changing Gains: Ethereum, Unilabs, and Cardano appeared first on Coinpedia Fintech News In anticipation of the

Solana Gearing Up for a Huge Breakout—Will It Reach $200 by the End of Q2 2025?

The post Solana Gearing Up for a Huge Breakout—Will It Reach $200 by the End of Q2 2025 appeared first on Coinpedia Fintech News During the last leg of the 2021 bull run, Solana stunned the market