The crypto market’s volatility dipped in the last few days after a bullish beginning to May. However, some altcoins do not seem to have registered this dip as they have continued to rise. The question, however, remains which of them is close to making history.
BeInCrypto has thus analyzed three such altcoins that are close to forming a new All-Time High (ATH) in the third week of May.
Saros (SAROS)
SAROS’s price reached its all-time high of $0.171 in April. It currently trades at $0.153, holding above $0.147 in support. The altcoin remains just 11.4% shy of its peak, signaling potential for growth if positive market conditions continue to influence price action.
The possibility of SAROS hitting a new all-time high depends largely on broader market momentum. A sustained bullish trend could help SAROS breach the $0.171 resistance, setting a clear path toward $0.200. Market sentiment and overall crypto trends will play key roles in this potential rise.
However, if SAROS fails to maintain the $0.147 support due to increased selling pressure or bearish signals, the price could drop to $0.134. This decline would invalidate current bullish projections and delay the altcoin’s chance to reach new highs.
Maple Finance (SYRUP)
SYRUP has surged 113% this month, trading at $0.331 and nearing its all-time high. This strong performance marks it as one of the best-performing altcoins, indicating growing investor interest and momentum behind the token’s price movement.
The altcoin’s all-time high was set less than 24 hours ago at $0.384. A 15.66% increase from its current price would surpass this peak, a target achievable if SYRUP recovers from today’s 9% dip, signaling potential bullish momentum.
However, if profit-taking intensifies, SYRUP could fall below $0.288, risking a further drop to $0.244. Such a decline would invalidate the bullish outlook and might deter investors, causing the price to stall or drop further.
Leo Token (LEO)
LEO’s price remains far from its January all-time high of $10.33. Reaching this peak requires strong market support and investor confidence, which have been lacking in recent weeks amid volatile conditions.
A 20% increase is necessary to reclaim the ATH, but this may be challenging given the altcoin’s largest single-day gain this year was only 4.47%. However, Bitcoin’s surge past $110,000 could ignite bullish momentum for LEO if it manages to flip $9.11 into support.
Conversely, if LEO breaks below the $8.51 support level, it may decline further to $8.20. This drop would invalidate the bullish outlook and likely trigger additional selling pressure.
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Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
