Bitcoin’s price made a strong push towards $65,000 after the introduction of Hong Kong ETFs, but has since pulled back to $62,000. April was a disappointing month for crypto investors, and there is little optimism for May. However, there are three altcoins that could outperform Bitcoin in the coming weeks.
Firstly, Binance Coin (BNB) started off slowly but quickly recovered after resolving its legal issues. While many altcoins have fallen to significant support levels, BNB has held relatively strong at $590. It has been consolidating for over a month and a half, but has been unable to break above $640. If Binance Coin can surpass the $635 to $645 range, it may rise to $686 in May, which would likely lead to further increases.
Secondly, PEPE Coin has been competing with Dogwifhat (WIF) Coin and has remained resilient. Despite low trading volumes and internal disputes, PEPE Coin has built a large community, indicating long-term potential. Over the past three months, this frog-themed meme coin has seen a nearly 600% increase. If it can maintain its position above the 50-day Exponential Moving Average (EMA), it could reach a new high of $0.000010.
Lastly, Tron (TRX) and its founder Justin Sun have managed to stay strong amidst the fall of other famous crypto figures. Tron’s price has rebounded from $0.109, preventing further declines. With the 200-day EMA on the verge of crossing above the 50-day EMA, bulls are preventing a death cross and are now aiming for new highs in the coming month. With the RSI in the neutral zone and strong support, May could be a promising month for TRX if Bitcoin doesn’t experience significant losses.
It is important to note that the information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and should conduct their own research.
