Tomorrow is the weekend, and Bitcoin is likely to be in a volatile market, which actually presents an opportunity for mainstream and altcoins. Although some altcoins have risen sharply recently, the true altcoin season has not yet arrived, and varieties like Auntie Tai are still at relatively low positions. Let’s see if they will surge over the weekend; if they don't rise and Bitcoin pulls back next month, other varieties will struggle as well. Therefore, it is not advisable to short mainstream and altcoins to avoid being unable to bear the rebound. There are only 5 days left until the month-end closing, and there won’t be a significant pullback this month, so let’s patiently wait for high-point signals to emerge!
There is a high probability that the Federal Reserve will cut interest rates in June-July, which may lead to a rally in all virtual currencies. Personally, I believe there won't be significant actions in May, but a 'golden pit' may appear, at which point one just needs to bold buying at the bottom! From the timing perspective, at the beginning of May, tariff issues may recur, coupled with the earnings season for US stocks, many companies will lower their future earnings expectations (forward EPS). In this case, US stocks are likely to decline, and if Bitcoin drops along with US stocks around $85,000, that could be a good buying opportunity, but this requires the premise that Bitcoin must truly drop along with US stocks.
As we slowly approach June and July, Trump’s side will begin to implement the second phase of ‘regulatory relaxation + domestic tax cuts’ policy. Once this policy comes out, risk assets priced in dollars may show a trend of strengthening in the third quarter, which would be a huge positive for Bitcoin, potentially driving it into a major upward trend.
Focus on 3 potential coins that could soar 10 times in the next major bull market!
1.link
LINK's price surged over 14% this week, approaching $15, showing strong rebound momentum. This positive momentum brings the token close to its recent 30-day high of $15.99. One of the main reasons for optimism in Chainlink is the increasing investor confidence, as LINK worth over $120 million has been withdrawn from CEX. Despite optimistic market sentiment, some technical signals and analyst predictions indicate that the market may experience volatility in the future, and if selling pressure increases, a decline may occur in the short term.
The overall technical outlook continues to show a bullish trend, with the super trend turning bullish and issuing a buy signal. On the other hand, the CMF has broken through the 0.16 level, indicating that the market is continuously strengthening. Additionally, the MACD indicator has shown a bullish crossover, entering the bullish zone for the first time since February. Therefore, LINK's price seems poised to rise back to $15 at any moment, which could solidify strong support at the $15.5 level. This may validate a new bullish trend, pushing the price back above $20.
Chainlink performed strongly this week, thanks to its network growth, collaborations with major institutions like Fidelity, SWIFT, and Aave, and the increasing popularity of its real asset tokenization solutions. However, its price movement remains closely tied to the overall cryptocurrency market and the performance of Bitcoin. Overall, LINK's price is currently maintaining a bullish momentum but faces technical resistance, which may lead to short-term volatility.
2.POL
The release of the Agglayer breakthrough plan has catalyzed this surge, which aims to incentivize POL staking through project airdrops. This has increased activity within the ecosystem and significantly raised demand for the token. From a technical perspective, POL has broken through the key resistance level around $0.22, which had been limiting the price during several weeks of accumulation. Therefore, supported by rising volume and open interest, this decisive movement indicates a genuine shift in market sentiment, potentially triggering a 30% to 40% increase.
POL's price has broken through the downward trend line but has failed to break through the important resistance level of $0.257. The cryptocurrency is attempting to break through the upper bound of the Gaussian channel, which may validate the beginning of a bullish trend. However, the bears have limited this movement, but the MACD formation indicates that as the price level rises to the positive range for the first time in 2025, the upward trend may continue.
Therefore, it is expected that the POL (formerly MATIC) price will close above $0.257, which may validate the effectiveness of the bullish divergence. Some overbought signals may cause short-term volatility, but the token's rebound from recent lows and increased trader interest indicate that POL's price may soon enter a new bullish phase.
3.XRP
The competition for spot ETFs is extremely fierce, with the latest data showing that over 70 ETF applications are awaiting approval from the U.S. Securities and Exchange Commission (SEC). This includes several XRP ETFs, which are expected to be approved. Additionally, the Chicago Mercantile Exchange (CME) Group is expanding its coverage of cryptocurrency derivatives and plans to launch XRP futures in May. Moreover, Ripple's CEO recently confirmed that an agreement has been reached with SEC staff to withdraw the lawsuit, and reportedly, a $125 million fine will be refunded.
All these positive developments are expected to have a favorable impact on XRP's price, which is currently stabilized above $2. Although resistance levels have been decreasing significantly, trading strategies suggest that XRP may break through before this weekend.
Despite the price being hindered by a descending triangle, bulls are still trying to break through the resistance level. Previous attempts were supported by a huge bullish candlestick, but unfortunately, a significant pullback followed, continuing to form support below $1.75. However, the recent upward trend is consolidative, with higher highs and higher lows being continuously formed, highlighting the strengthening of bullish strength.
On the other hand, the RSI has risen above the downward trend line, issuing an important bullish signal. Therefore, XRP's price is expected to hold the triangle resistance level and trigger a rebound, entering the resistance zone between $2.55 and $2.62. However, bulls need to inject excess liquidity to initiate this move, which may further push the price up to $2.8.
The return of XRP's price to the market may herald the true beginning of a significant event. While most people's attention is focused on Bitcoin and Ethereum, XRP's price is quietly rising and may further surpass other major cryptocurrencies. The next major test for this token may be around $2.5, and breaking this level could lead it into a full exploratory phase.
Brothers, come to the chat room to gather!
