3 Bullish Altcoins Predicted to Outshine Bitcoin (BTC) in May

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In Brief

  • Binance Coin is poised to be one of the best-performing assets, given its ongoing consolidation and proximity to forming a new ATH.
  • PEPE, which has already noted a 585% growth in the last three months, could still rise by another 41%.
  • Tron (TRX) just prevented a death cross on the daily chart, providing it room and opportunity for further growth.

Bitcoin (BTC) is the biggest cryptocurrency in the world, but at times, even altcoins can surpass the performance of the king coin.

BeInCrypto analyses which three such altcoins hold the potential to outperform BTC in the month of May.

Binance Coin (BNB) Is Still in the Competition

Binance Coin price has been in consolidation for over a month and a half, attempting to close above $640. However, the altcoin has failed to do so, leaving it stuck trading around the $560 to $620 range.

However, BNB has the benefit of support from its investors and bullish market cues. The exchange native token is less than 16% from its all-time high of $686. Breaching it would enable Binance Coin to note further rise.

3 Bullish Altcoins Predicted to Outshine Bitcoin (BTC) in May
BNB/USDT 1-day chart. Source: TradingView

Read More: Binance Coin (BNB) Price Prediction 2024/2025/2030

Nevertheless, consistent consolidation is also possible and could extend the wait for a new ATH.

PEPE Won’t Stop

Despite facing tough competition from dogwifhat (WIF), Pepe (PEPE) has surprised the market with its recent rally. In the past three months, the frog-themed meme coin has witnessed a 586% growth.

3 Bullish Altcoins Predicted to Outshine Bitcoin (BTC) in May
PEPE/USDT 1-day chart. Source: TradingView

Read More: Pepe (PEPE) Price Prediction 2024/2025/2030

If the meme coin stays above the 50-day Exponential Moving Average (EMA), it could reclaim $0.00001000 as support.

Tron (TRX) Takes It Back

Tron’s price bounced back from the lows of $0.109, nearly avoiding the formation of a death cross. This bearish phenomenon occurs when the 200-day EMA crosses over the 50-day EMA. However, a sudden surge in Tron price resulted in the aversion of this death cross.

This has opened TRX up to the potential of a rally since the Relative Strength Index (RSI) is in the bullish zone.

3 Bullish Altcoins Predicted to Outshine Bitcoin (BTC) in May
TRX/USDT 1-day chart. Source: TradingView

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements, indicating overbought or oversold conditions. It ranges from 0 to 100 and is typically used to identify potential trend reversals.

Read More: TRON (TRX) Price Prediction 2024/2025/2030

Should the RSI maintain the 50.0 neutral line as support, TRX could continue its rally.

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This article is sourced from the internet: 3 Bullish Altcoins Predicted to Outshine Bitcoin (BTC) in May

Related: Solana (SOL) Bulls Charge: Is a New All-Time High Price Next?

In Brief Solana (SOL) is nearing the golden ratio resistance at $170, with potential to retest its ATH of $260 if breached. Bullish signals include MACD histogram uptrend on monthly chart and strong support against BTC at 0.382 Fib level. However, bearish indicators such as potential rejection at $170 and bearish MACD on daily chart suggest mixed signals. The Solana (SOL) price appears poised to initiate a new bullish cycle, mirroring Bitcoin’s recent trajectory. This raises the question: will Solana soon reach a new all-time high (ATH)? Can Solana Break the Golden Ratio Resistance at $170? Solana is nearing the golden ratio resistance at approximately $170, with only about a 10.6% gap to bridge. A breakthrough at this crucial level could begin a new bullish cycle for Solana, potentially leading…

 

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