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

Bitcoin Price Eases From Highs — Support Zone Still Intact

Bitcoin price started a downside correction from the $97,800 zone BTC is now trading below $95,000 and testing the $93,500 support zone Bitcoin remained supported above the $94,500 zone The price is

Crypto Scams Soar in Nebraska as Romance Ruses Drain Savings

Crypto romance scams are surging in Nebraska, wiping out life savings through fake investments, phony documents, and manipulative online relationships Nebraska Issues Crypto Scam Alert After Victims

Bit Digital Aims for $500M Raise to Fuel HPC, Cloud Expansion

Bit Digital plans to raise up to $500 million through an at-the-market (ATM) equity offering The offering will be facilitated by investment bank HC Wainwright & Co, which will earn a commission

Bitcoin: Not Uncoupled, But Unbothered

Last week bitcoin’s rally past $94,000 reignited a long-running debate: is one of the world’s most volatile assets finally behaving like a safe haven This editorial is from last week’s edition

AI and Blockchain Explorers: Arkham and Blockchair Reshape Onchain Visibility

In recent years, blockchain explorers have advanced significantly, and with the rise of generative artificial intelligence (AI), their capabilities have expanded further Below, we examine two leading

Ethereum Price Sits Above Crucial Support Level — Is A Fall To $1,500 Possible?

The quick burst of bullish momentum in the crypto market in the closing weeks of April saw the Ethereum price close the month above $1,800 However, the altcoin failed to end the month in profit,