Key Takeaways
Most tokens are in sideways consolidation or early breakout phases, with directional bias hinging on daily candle closes.
Key resistance and support zones are crucial for confirming continuation or reversal.
As May draws to a close, the crypto market continues to exhibit mixed signals, with several top tokens—BNB, WLD, SHIB, TRUMP, TAO, NEAR, and TRX – hovering near critical technical levels. While some are attempting breakouts after weeks of consolidation, others are approaching key resistance or support zones that could define their short-term trajectories.
BNB Price Prediction
BNB is currently facing strong resistance at $696.47. A daily close above this level is needed to sustain the uptrend. Further resistance lies at $720.14 and $742.63.
If a daily candle wicks above these zones and RSI forms lower highs while price forms higher highs, this would signal a bearish divergence and potential trend reversal. Should the price fail to break above $696.47, BNB could drop to test support at $637.2.
A daily close below this support may lead to a further decline toward the previous bottom at $531.66, passing through intermediate levels at $619.24, $585.16, and $554.75.
WLD Price Predicion
WLD has reacted strongly to the resistance at $1.653, triggering a corrective wave and testing minor support at $1.296. If the price continues to fall, the next supports are at $1.218 and $1.069.
The key level is $1.069, if breached on a daily close, the uptrend would likely be invalidated and the asset may revisit previous lows.
Conversely, a breakout above $1.653 would lead to the next resistance at $1.99. Notable intermediate resistances to watch are $1.722 and $1.775. A backtest of $1.653 could provide a swing long opportunity.
SHIB Price Predicion
SHIB is currently consolidating in a tight range between $0.00001478 and $0.00001384, also constrained by a descending trendline formed by two previous highs. A breakdown below this range could send the price to the strong support at $0.00001267, which may trigger a bounce back toward the resistance at $0.00001708.
A daily close below $0.00001267 would open the path to the previous low at $0.00001054. On the other hand, a breakout above the range top could send SHIB to $0.00001585, followed by a backtest and potential continuation toward $0.00001708.
If SHIB closes above $0.00001708, it could rally toward the next major resistance at $0.00002222–$0.0000228.
TRUMP Price Prediction
TRUMP is in a strong upward phase, but a breakout toward a potential 2x gain requires a confirmed move above the resistance zone of $14.975–$15.650. The key level is $15.65, and a daily candle closing above this threshold would confirm a long-term bullish trend with targets at $16.952, $21.526, $24.537, and $26.023.
Currently, TRUMP is consolidating near the minor support zone of $12.469–$12.151, which could be a temporary entry point. DCA zones lie at $11.621, $10.977, and $10.411.
The key support at $10.411 must hold; a daily close below this level would invalidate the bullish setup and could lead to a retest of the previous low.
TAO Price Prediction
TAO is currently trading sideways in a range between $490 and $389.3, with an intermediate support at $435. If the price breaks above $490, the next resistance is at $565, and the asset may range between $490 and $565 until a daily close above $565 confirms a move toward $713.
Conversely, if the price breaks below $389.3, it is likely to test $356.4. A confirmed breakdown may lead to deeper targets at $317.1, $272.3, and $230.2. The $230.2–$272.3 zone is considered a strong support, making it a favorable area for spot entries.
NEAR Price Predicion
NEAR is attempting a breakout from its long-term downtrend. However, a corrective move toward $2.285 is needed to establish a new higher low. Immediate support lies at $2.652.
A daily candle close above $3.355 would confirm the bullish reversal and open up upside potential to $3.568, $3.67, and possibly $4.033. A backtest of $3.355 could offer a long swing setup.
TRX Price Prediction
TRX has already rallied strongly to $0.45, making further steep upside moves less likely in the short term. After ranging between $0.2103 and $0.2611 for 140 days, TRX has broken above the upper boundary and is targeting resistance at $0.2971.
A potential wick above $0.3188 could trigger a sharp correction. If price closes below $0.2103, it could invalidate the breakout and trigger a decline to the next supports at $0.1667 and $0.1431.
A short swing position may be considered on a confirmed breakdown.
Conclusion
Most of the analyzed assets are in a consolidation or early breakout phase, indicating a period of indecision before potentially larger moves. Traders should remain vigilant for confirmations at key levels, particularly daily candle closes above or below major support and resistance zones.