Price Analysis View Non-AMP

Top Altcoins To Hit All-Time Highs This Week

Published by
Shayan Chowdhury

Bitcoin surged near $66,000 on Wednesday, leading the rise in cryptocurrency prices. This increase followed the April CPI report, which indicated a moderation in core inflation and a greater-than-expected cooling in retail sales. As BTC price is now gaining confidence, several altcoins are preparing for a skyrocketing trend this week, potentially challenging their previous ATH.

BTC Market Prepares For A Pullback

Bitcoin’s price has stabilized slightly above the crucial support level of $66,000, with crypto traders confident in its strength. However, some traders are concerned about the likelihood of a significant correction in the coming days due to a potential selloff around resistance channels.

Also read: Top Crypto Events to Watch Next Week: Binance vs. Nigeria, Decision on Ethereum ETF, and Crypto Bill 

This could lead to a significant increase in interest in the altcoin market this week, potentially pushing several altcoins to new highs.

Pepe Price Analysis

Pepe’s price is experiencing increased bearish pressure following a selloff at the recent all-time high of $0.00001156. The price is falling below the EMA20 trend line, signaling a potential trend change. As of now, Pepe trades at $0.000009432, reflecting a decline of over 6.4% in the last 24 hours. 

Buyers are trying to keep the price above the 20-day EMA ($0.00000958). If they succeed, the PEPE/USDT pair might climb back to $0.000011. This level is critical for the bears to defend because a rally beyond it could lead to an increase toward the ATH.

On the other hand, a break and close below the $0.0000091 support level would confirm a bearish pattern, potentially pushing the pair down to the strong support at $0.0000055. With the RSI sharply declining below the midline, bears currently have an advantage in dominating the price chart.

Render Price Analysis

Bulls are struggling to keep RNDR price above the 20-day EMA, currently at $10.2, indicating ongoing pressure from bears. However, Render price continues to hold its buying demand above Fib levels. As of writing, RNDR price trades at $10.6, surging over 5.4% in the last 24 hours.

The 20-day EMA is surging, and the RSI is heading toward the overbought region, suggesting that RNDR might experience bullish movement for several more days. If buyers manage to sustain the price above the descending resistance line, the RNDR/USDT pair could potentially move towards the 50-day SMA at $11.4. This level may pose significant resistance, but surpassing it could send the price toward new ATH this week.

Conversely, a reversal from the 50-day SMA would indicate that bears dominate higher price levels. As a result, the pair might decline towards a crucial support level of $9.5.

Bonk Price Analysis

Bonk price has seen a significant increase recently, potentially testing the patience of buyers. Despite this surge, bears maintain a strong presence around the $0.000028 mark. Currently, Bonk price trades at $0.000028, marking an over 12.5% rise in the last 24 hours.

Buyers are working to hold the price above the 20-day Exponential Moving Average (EMA) of $0.0000265. If successful, the BONK/USDT pair could advance towards the 50-day Simple Moving Average (SMA). This level is critical for bears to defend, as surpassing it might lead to a rise towards a new ATH of $0.00005.

On the other hand, if the price declines and stabilizes below $0.0000237, it would indicate a bearish trend. This could result in the pair falling to the strong support level of $0.00002.

Shayan Chowdhury

Shayan is a digital nomad and a professional journalist. He delivers high-quality engaging articles to Coinpedia through his in-depth research and analysis.

Recent Posts

XRP Price Prediction: $10 Breakout or Will Ozak AI Outshine in 2025?

The crypto market is getting more active as we approach the next bull run, and…

May 24, 2025

Top Cryptocurrencies To Watch as Market-wide Volume Spikes

Surging trading volumes are igniting the crypto market, spotlighting top cryptocurrencies like Ethereum (ETH), XRP,…

May 24, 2025

Bitcoin Could Hit $125K by Midyear, Experts Predict Massive Gains Ahead

Bitcoin is on the move again, breaking records and attracting the attention of big players.…

May 24, 2025

XRP Price Forecast 2025: Can It Rebound After Recent Dip and SEC Delays?

The XRP price took a hit from $2.48 and fell to $2.29 early morning on…

May 24, 2025

Why Ripple and XRP Could Be the Backbone of The G20’s Financial Plan?

Ripple’s fast and affordable payment system is gaining traction around the world. A new report…

May 24, 2025

Bitcoin or Gold? Schiff Says Central Banks Have Made Their Choice

The age-old debate between Bitcoin and gold is heating up again and economist Peter Schiff…

May 24, 2025