- CRV and HYPE are in the spotlight for strong fundamentals and bullish price charts.
- On the high timeframe, Bitcoin has an higher low to the May 2021 cycle.
Crypto analyst Altcoin Sherpa has identified two altcoins with great fundamentals and bullish chart setups, Curve DAO (CRV) and Hyperliquid (HYPE). The pseudonymous trader pointed to these tokens as rare opportunities in a largely uncertain market.
Curve finance allows for efficient stablecoin trades with minimal slippage. At the time of the post, the native token of the platform, CRV, was worth $0.697. Meanwhile, the HYPE token, which is based on the Hyperliquid layer one blockchain, is used to power a decentralized exchange. Currently, the token is trading at $24.89.
The analyst said CRV and HYPE charts “look pretty solid overall,” meaning both tokens still look good against the rest of the altcoin market. The endorsement is notable amidst a period of disbelief in the majority of altcoins among investors.
The analyst also listed memecoin Bonk (BONK) aside from CRV and HYPE as a token of interest. While not yet in accumulation mode, Sherpa said he’d be closely watching for a buying opportunity until BONK hits key support levels. As of the time of writing, BONK’s price is $0.0000235.
Sherpa’s chart analysis paints a “green box” target area to look out for as a possible entry based on the belief for BONK’s upside if price conditions make it such. Although BONK doesn’t have the same utility focus as CRV and HYPE, it still enjoys community hype. Additionally, its previous pumps have continued to attract speculative traders.
Bitcoin’s Surge Boosts Market Dominance
Bitcoin’s dominance hit 64.89%, the highest since January 2021 early Friday, as the asset turned above $97,000. That represents a sharp rebound from the 55% price range in December 2024, when Donald Trump’s post-election optimism briefly reignited altcoin momentum.
In February and March, market sentiment shifted as the tariffs imposed by the Trump administration eroded the appetite for risk. Bitcoin recovered following policy adjustments and exemptions that calmed investor fears. Bitcoin’s growing dominance stems from a consolidation of capital in the asset during a time of uncertainty in traditional and digital markets. According to TradingView data, its share of total crypto market capitalization has surged since January, when it stood at around 57.90%.
Bitcoin is currently trading at $104,196 and is still in a bullish pattern as of publication. According to Sherpa, Bitcoin has set a higher low on the high time frame compared to the May 2021 cycle.
“The two-month consolidation and sharp volatility reset were necessary,” the analyst stated. He thinks this moves the price action to a more sustainable bottom and the broader setup for a big rally. Chart analysis by Rose Premium Signals shows Bitcoin is testing a key resistance level at $105,000. A breakdown from this point could send BTC back toward the $100,000 range. Some analysts also suggest an inverse head and shoulders pattern may be formed.
💰 $BTC Market Update#Bitcoin is currently testing the Weekly Supply Zone around $105,000 👀
🧠 The most likely scenario is a rejection from this level, leading to the formation of an Inverse Head & Shoulders pattern — a setup that could create space for a mini #altseason 📈… pic.twitter.com/aLSPi5qhuq
— Rose Premium Signals 🌹 (@VipRoseTr) May 11, 2025
The pattern typically features two clear shoulders with a deeper dip in between, but recent price swings have been uneven, making the setup unclear. A rejection at current levels could trigger a short phase of altcoin accumulation before Bitcoin resumes its upward move.
