The post Fartcoin (FARTCOIN) Stands Strong Amid Market Correction Along Hyperliquid (HYPE)-Here’s What’s Next appeared first on Coinpedia Fintech News
The ‘tariff war’ between the U.S. and other countries has caused huge havoc with the crypto markets, with over $500 billion being wiped out in a couple of days. Meanwhile, the possibility of an Altseason also remains differed as the ETH price is down below the crucial range. However, a few altcoins, like Fartcoin & Hyperliquid, display strength. Here’s what you can expect from these altcoins amidst growing concerns about extended bearish scenarios.
Fartcoin (FARTCOIN) Price May Turn Bearish Soon
The Fartcoin price remained elevated while the global market conditions have been favoring the bears over the past couple of days. The price faced a huge 50% plunge during the past weekend, while the start of the fresh weekly trade turned out to be significantly bullish. Meanwhile, the bearish pressure over the token is expected to mount, which could cause the price to drop further below $0.5 in the coming days.
The short-term price action of FARTCOIN suggests the bulls may get exhausted very soon as they have utilized all their strength in uplifting the levels from the local support zone between $0.55 and $0.59. Besides, the stochastic RSI has reached the overbought zone in the short term, which may trigger a healthy correction as the RSI levels have undergone a bearish crossover. Therefore, the FARTCOIN price is believed to drain hard in the next few days if it falls below the above-mentioned support and reaches levels below $0.5.
Hyperliquid (HYPE) Price Primed for a 15% Rise
The Hyperliquid price, being different from Fartcoin, appears to be primed for a bullish breakout as the token has reclaimed levels within the bullish range. However, the bearish influence may continue to prevail over the token but the bulls are expected to revive a strong rise, which may help the levels break above the resistance in the next few hours.
Since its inception, the HYPE price has been trading within a decisive symmetrical triangle and has broken the upper resistance, aiming to reach $30. However, the bears restricted the rally to around $28 and triggered a massive pullback. Meanwhile, the price has entered within the bullish range and is expected to consolidate until it reaches the apex, followed by a breakout to the interim resistance at $25. If the rally sustains above the range, a further rise to $30 could be imminent.