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Best Altcoins To Watch In May: Breakouts Are Brewing, Says Crypto Analyst

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Best Altcoins To Watch In May: Breakouts Are Brewing, Says Crypto Analyst - NewsBTC

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"If ETH even sneezes higher, I expect this to just be up twenty-five percent one day,” he said, while cautioning that a transitional "negative twenty percent day” could precede the pop.  WIF, for its part, is "slamming against the cloud,” on the cusp of its own TK cross.Having retraced from $4.80 to current levels, it offers what he calls "a great-looking setup,” albeit one where "the greed in me always wants an entry down here”—a reference to a hypothetical bid parked at the cloud’s lower edge.

Dominance mattered enormously at the October 2023 bottom, and he suspects it will matter again once it rolls over.  "Come May, June, I think we will start to see the outperformance of the altcoins,” he predicts, but he tempers that with a blunt reminder: "It hasn’t made sense to sit in these BTC pairs.” The exception is Solana’s BTC chart, which mirrors the USD thesis with a half-formed inverted head-and-shoulders and a cloud target significantly higher.

Bitcoin’s resilience above the psychological $90,000–$95,000 level, an unexpected surge in stablecoin issuance and a swarm of textbook bullish patterns across large-caps and meme names have converged to create what veteran chartist Josh Olszewicz calls "one of the cleanest multi-asset breakout tapes we’ve seen since late 2023.”  Crypto Bull Run Back?


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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 23:00:20 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 1044 words

Reading Time: 6 minutes read

Sentences: 80 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28314019

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 10 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 11 hours ago

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Publisher ID: #102

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