Bitcoin is back above $100K. Yes, you read that right—six figures again.
And just like that, the mood across crypto flipped bullish. Yesterday, we looked at meme coins going wild. Today, we’re diving into a few altcoins showing interesting chart patterns. Some are breaking out, while others are getting ready.
Here’s our breakdown of the most exciting altcoins price action we’re watching this week.
List of 6 Altcoins Price Action we Follow
Before we dive into the charts, make sure to sign up on Bybit or Blofin (no KYC) using one of our referral links. Not only do these exchanges offer all the coins we discuss today and some good bonuses, they also give us some extra data points of trading activity. The more traders and volume we see, the more charts and trading content we will analyze and share with you.
Today we’re keeping it short and sweet. Sometimes we dive a little deeper into the charts and TA, however, so much is going on these days, we just want to give you a couple of spots to track.
Related: Study our series of trading guides to improve your skills.
1. XRP Price Prediction: Eyes on the Resistance
XRP has climbed to $2.36 and is now testing an important resistance line. This is a level worth watching closely.
Sellers will likely fight hard to defend it. If buyers break and close above, momentum could shift completely. In that case, XRP may shoot to $2.60 and then even hit $3.
However, if the price pulls back from resistance but finds support at the moving averages, bulls will likely buy the dip. That’s a good sign. They may try again to break out above resistance.
For the bears to take control, XRP would need to fall below $2. That would tip the balance back in their favor.
2. Cardano Price Prediction: Classic Breakout Pattern
Cardano (ADA) bounced off the 50-day SMA at $0.67 and completed an inverse head-and-shoulders pattern. That’s a strong setup.
Right now, ADA trades around $0.78. The 20-day EMA is rising, and the RSI is positive. Buyers have the upper hand.
If ADA stays above the neckline, we may see a push toward $1.01. There is a small hurdle at $0.83, but it probably won’t last long.
If the price drops below the 50-day SMA, things could turn bearish. ADA might slip to $0.60 or even $0.50 if pressure continues.
3. Chainlink Price Prediction: Reversal in Progress?
Chainlink (LINK) made a sharp move off the 50-day SMA at $13.72 and now sits at $16.19. It also completed an inverse head-and-shoulders pattern.
Sellers are trying to push the price back below the neckline. But if buyers defend it well, the next leg up could begin.
A successful breakout could launch LINK toward $21.30. That’s the target from the pattern. However, if the price falls below the moving averages, the bullish setup fails.
In that case, LINK may fall to $12 and remain in a sideways range for a bit longer.
4. BNB Price Prediction: On the Edge of Breakout
BNB jumped strongly on May 8, breaking past the $620 resistance. It even reached $644 a day later.
This zone is tough, and sellers will try to block more gains here. But if bulls break through $644, we could see BNB hit $680 soon.
However, bears still have a chance. If they defend $644 and drag the price below key moving averages, the trend could weaken. In that case, BNB might drop back to $580.
Time is running out for the bears. The bulls clearly have momentum right now.
5. Sui Price Prediction: New Highs in Sight?
Sui (SUI) jumped from the 20-day EMA at $3.29 and broke above the $3.90 resistance on May 8. It now trades at $3.97.
The trend looks solid. The 20-day EMA is pointing up, and the RSI is near overbought territory. This shows strong demand.
If SUI stays above $3.90, the next targets are $4.25 and $5. But if it slips and closes below $3.90, bears might step in.
Even then, the 20-day EMA could act as strong support. It’s the bulls’ game to lose for now.
6. Avalanche Price Prediction: Can AVAX Break Free?
Avalanche (AVAX) bounced off its moving averages on May 8 and hit $23.50 resistance the next day. It currently trades at $23.43.
This resistance zone is tough. But a clean breakout above $23.50 could spark a rally to $28.78 and even $31.73.
Sellers are expected to defend this level hard. If they succeed, AVAX could dip again. A drop below the moving averages could signal more sideways action.
For now, it’s a wait-and-watch game around the $23.50 mark.
Final Words: Altcoins Price Action is Back in Focus
Altcoins are finally showing signs of life. After months of sideways action and fakeouts, the charts are heating up.
Whether it’s XRP pushing key resistance, ADA confirming a classic pattern, or SUI rallying toward fresh highs—this market feels alive again.
Keep an eye on volume and breakout confirmations. Many coins are at crucial levels. A strong move from here could set the tone for the next altcoin season.
And remember, altcoins price action tends to be fast and explosive once the trend flips bullish. Stay sharp, and don’t chase green candles blindly.
We’ll be watching closely and updating you daily. For now, enjoy the ride and trade safely!
If you enjoyed this blog, check out our recent blog about Solana’s bull flag pointing to $220
As always, don’t forget to claim your bonus below on Bybit. See you next time!
