Top 3 Promising Altcoins

Bitcoin is trading near its ATH. This is pushing many altcoins to all-time highs. May saw many new records. June is expected to continue this trend.

We talk about three altcoins that are close to new historical highs.

Maple Finance (SYRUP)

SYRUP price is currently 35+% down from its recent all-time high of $0.470 reached in late May. This indicates strong potential for the altcoin to renew its ATH in June, supported by the ongoing bullish trend.

SYRUP shows a high correlation with Bitcoin. It is 0.68, meaning that SYRUP often follows BTC price trends. The altcoin has gained 122% in the last month. This puts it in a good position to continue to benefit from Bitcoin’s upward movements.

However, selling pressure could threaten SYRUP's rally. A dip below the $0.332 support could lead to a fall to $0.288 or even $0.244. This would invalidate the bullish outlook.

Hyperliquid (HYPE)

HYPE price has risen 78% over the past month, but remains 27% below its ATH of $42.25 reached in December 2024. This shows strong potential for further growth in the near future.

In May, HYPE attempted to reach an all-time high but then pulled back. The Relative Strength Index (RSI) is currently in the bullish zone. This indicates a sustained bullish momentum and increases the chances of a successful breakout in June. However, a sudden bearish reversal could push HYPE below the $31.26 support level. This could result in a drop to $27.31 or even $23.20, which would invalidate the current bullish outlook.

BNB altcoin analysis

BNB price has risen 10% in the last month and is currently about 20% below its ATH of $793. If the bullish trend continues, BNB could reach new highs in June, attracting the attention of investors.

The Chaikin Money Flow (CMF) indicator remains above zero. This indicates strong inflows supporting the uptrend of BNB. A turn of the $700 level into support would confirm the potential for BNB to reach a new all-time high.

However, BNB is having trouble with the $686 resistance level. If selling pressure increases here, the price could fall below the $647 support and potentially reach $618 or $600. This would cancel the bullish outlook.

Источник: cryptocurrency.tech