10 Altcoins that Analysts Think are Worth Keeping an Eye on in May 2025!
Jakarta, Pintu News – Entering May 2025, the cryptocurrency market is showing interesting dynamics, with several altcoins displaying promising technical patterns. Crypto analyst Jake Simmons of NewsBTC highlights some digital assets worth watching based on the Ichimoku Cloud indicator and certain chart pattern formations.
Solana (SOL): Potential Trend Reversal
Solana (SOL) takes the top spot on the list of altcoins to watch. After recording six consecutive red daily candles, SOL formed an “inverted head-and-shoulders” pattern with a neckline pointing towards $200. Analysts observed a potential edge-to-edge price movement within the Ichimoku Cloud, with ideal entry points between $140 to $120. At the time of writing, SOL was trading around $151.90.
Also Read: Ripple (XRP) Moves $1.1 Billion, What Happened?
Curve (CRV): Rise Amidst Market Decline
Curve showed strength with double-digit gains on a day when most altcoins were declining. CRV’s technical structure shows accumulation with a flat base for several months, candles closing inside the cloud near the lower boundary, and a bullish Tenkan-Kijun cross. The anticipated move target is near $1.20, almost double the current level.
Ethereum (ETH) and Litecoin (LTC): Basic Formation Process
Ethereum is still in the process of forming a base, with analysts noting that ETH needs more time to start an uptrend. Litecoin (LTC) is showing an “inverted head-and-shoulders” pattern that is still in its early stages, expected to mature by early June.
Fetch.ai (FET), Chainlink (LINK), and Algorand (ALGO): Bullish Signals
Fetch.ai (FET) has broken the cloud on April 23 and is showing a bullish Tenkan-Kijun cross, although analysts note that this move comes after two to three weeks of gains, reducing the risk-to-yield ratio. Chainlink is forming a “right shoulder” pattern with a warning at the $15 level, while Algorand (ALGO) is approaching the cloud target at $0.32, just one daily close away from confirmation.
Dogecoin (DOGE), Pepe (PEPE), and WIF: Upside Potential in the Meme Sector
Dogecoin caught analysts’ attention as one of the assets with high yield potential, although the “right shoulder” pattern still needs about one to two weeks to fully form. Pepe (PEPE) is inside the cloud with a bullish Tenkan-Kijun cross and a clear neckline on the Kijun, with a potential upside of 25% if Ethereum (ETH) goes up. WIF is on the verge of the cloud, approaching the Tenkan-Kijun cross, offering an interesting setup although analysts want a lower entry point.
Bitcoin’s Dominance and Rotation to Altcoins
Bitcoin’s dominance still near the top of the cycle complicates the narrative of rotation to altcoins. Analysts note that BTC’s dominance has an important role to play, especially when it reaches extremes. However, they predict that by May to June, altcoins will start to outperform BTC.
Also Read: Worldcoin: Innovating Digital Identity Verification Through Iris Scanning
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
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