In April, the crypto market was very unstable because of the growing trade conflict between the U.S. and China. This caused altcoins to plunge hard and hit their lowest point of the year. However, now that the trade tensions are calming down, Bitcoin is climbing back up toward $100,000, and leading altcoins are rising too. Experts believe that positive economic conditions could help altcoins make a strong comeback in May.
Bitcoin’s Recovery Becomes Messiah for Altcoins
In the past few days, the crypto market has been rising again, claiming the $3 trillion market cap. Bitcoin has gone above $95,000, which has led to increased trading volume in the altcoin market.
Also read: Altseason 2025: 3 Altcoins to Stack Before the Big Pumps
Over the past month, several altcoins have gained attention as the trade war tensions eased. In the coming weeks of May, we could see strong buying interest in Bonk, Sui, and Official Trump prices.
Bonk Price Analysis
Bonk price has been trading in a narrow range between $0.0000212 and $0.000018 for several days, showing that buyers are stepping in near the lower end and sellers are active near the top. As of writing, Bonk price trades at $0.0000197, surging over 6.7% in the last 24 hours.
The flat moving averages and the RSI sitting just around the midpoint suggest that this sideways movement could continue for a bit longer. If buyers manage to push BONK above $0.000021 and keep it there, it could signal a bullish breakout and possibly send the price up to $0.000027, completing a double-bottom pattern.
On the flip side, if BONK price falls below the ascending support line, it could trigger a further drop toward $0.0000156, but buyers are likely to strongly defend that support level.
Sui Price Analysis
Sui is having a tough time breaking above the $3.8 mark and is currently hovering around $3.7, gaining over 8% in the last 24 hours. Sellers are doing their best to keep the price below the 20-day moving average; however, buying demand rises.
As the buyer interest rises, it could give Sui a boost. That said, the RSI is sitting at 65, which means Sui is near the overbought territory—often a sign that a price pullback might be coming.
If buyers can keep the momentum going, Sui might break past the $4.27 resistance and head toward $5.35. But if the selling becomes strong and the price drops under the 20-day EMA, Sui could drop back down to the important $3 support level.
Official Trump Price Analysis
The Trump coin has been hovering within a descending channel pattern. Buyers are struggling to send the price above $14. However, it surged over 25% in the last 30 days and recorded a gain of around 3% in the last 24 hours. Currently, the Trump coin is trading at $13.
Buyers need to move the price back above the moving averages soon to stay in control. If Trump closes above the descending trend line, it would give the bulls an edge and could set the stage for a move up to $16. While sellers may put up strong resistance at that level, a successful breakout could push the TRUMP/USDT pair as high as $24.
On the other hand, if the price closes below the moving averages, it would signal that bears are trying to create a lower high. In that case, the pair could fall to $11.7.
