Top 3 Altcoins This Week
Bitcoin showed potential to reach a new all-time high, but then pulled back to a major support level. However, the intraday gains have sparked optimism among altcoins.
Maker (MKR)
The price of MKR has fallen 12% over the past week, but could recover with the start of the first phase of MKR's upgrade to SKY, which kicks off on May 19. The move, part of Maker's rebranding to Sky, is aimed at completing the ecosystem's transformation and attracting investor interest.
The Executive Vote approval will allow SKY to become the governance token of the Sky ecosystem. This strategic shift could help MKR price recover to $1,894, with a possible further move towards the key resistance level at $2,188, signaling renewed bullish momentum in the market.
However, if MKR falls below the $1,655 support level, it risks a decline to $1,555 or even $1,325. Such a drop would invalidate the bullish outlook, signaling increased selling pressure and a possible extended decline.
OFFICIAL TRUMP (TRUMP)
TRUMP price remains stable due to low volatility, but bullish signals in the market help to avoid a fall. The Ichimoku cloud under the candles supports this stability, indicating the potential for a steady rise amid positive trends.
The official TRUMP token is set to see a significant rise on May 22, when the top 220 TRUMP holders join the US President in Washington for a gala dinner. This event could cause the price to rise, as holders often react strongly to actions related to the US President.
This event could push the TRUMP price to break through the resistance levels at $13.36 and $14.53, with a target of $17.14. However, a break below the support at $12.18 could lead to a decline to $10.29, which would cancel the bullish outlook and cause a significant price drop.
Floki (FLOKI)
FLOKI is trying to recover from recent losses of 21%, failing to break the resistance at $0.000113. The parabolic SAR above the candles indicates pressure, which suggests that the memecoin price is likely to decline in the near future.
The upcoming BADAI airdrop, which has been delayed since February, could have a positive impact on the price of FLOKI. Investors anticipating this event could increase their buying momentum if favorable news is released. This could potentially offset the bearish signals and maintain price stability.
If FLOKI breaks above $0.000100, it may reach the resistance at $0.000113 and start an uptrend. However, if the price breaks below the support at $0.000090, it may lead to a decline to $0.000071, which will cancel the bullish outlook.
Источник: cryptocurrency.tech
