These cryptocurrencies could reach new all-time highs in May 2024.

Bitcoin (BTC) is one of the symbols closest to reaching an all-time high on a new semi-annual basis. BNB Coin (BNB) is just 12% away from hitting a new ATH chart of $686 for the first time in almost three years.

Bitget Token (BGB) and Ondo (ONDO) are consolidating below the 15% and 22% ATH respectively. These cryptocurrencies could reach new all-time highs in May 2024.

Many cryptocurrencies posted huge gains in March and April, reaching all-time highs. BeInCrypto looks at cryptocurrencies that could hit new all-time highs (ATHs) in May as the market enters a post-double month.

BNB is close to breaking a three-year record.

BNB Coin, the local token of the world's largest cryptocurrency exchange Binance, has surpassed its previous ATH of $686. The last time BNB recorded these prices was three years ago, in May 2021.

BNB has struggled to break above the $640 resistance level for the past two months and is currently trading at $612. However, according to the Relative Strength Index (RSI), altcoins have room for further growth.

The RSI measures the speed and volatility of price movements and indicates overbought (above 70) or oversold (below 30) conditions that can help evaluate potential trend changes. As long as BNB remains below the overbought zone, it will continue to rise.

On a broader time frame, Bitcoin price is following a Wyckoff pattern and the long-term outlook for BTC is bullish. So this rally further confirms this pattern.