3 Altcoins Approaching All-Time High (ATH) Price Records

The crypto market has seen a decline in volatility in recent days after a bullish start to May. However, some altcoins seem to be unaffected by this decline as their value continues to increase.

May saw a decline in crypto market volatility after a bullish start to the month.

However, despite this decline, some altcoins seem to be indifferent as they continue their journey upwards.

With several altcoins now approaching the all-time high price record, here is an analysis of three such altcoins:

Saros (SAROS)

SAROS price reached an all-time high (ATH) of $0.171 in April. On Friday, May 19, SAROS was trading at $0.153 and still holding above the $0.147 support level.

The altcoin is only about 11.4% away from its peak, signaling potential growth if positive market conditions continue.

The possibility of SAROS minting a new ATH depends largely on the overall market momentum. If the bullish trend can hold, SAROS has a chance to break the resistance level at $0.171 and pave the way towards the $0.200 target. Market sentiment and global crypto trends will be the main deciding factors in this rise.

However, if SAROS fails to maintain support at $0.147 due to mounting selling pressure or the appearance of bearish signals, its price could drop to $0.134. This drop would derail the current bullish projections and delay the altcoin’s chances of reaching a new price record.

Maple Finance (SYRUP)

This impressive performance makes SYRUP one of the top performing altcoins, indicating increased investor interest and positive momentum towards the token’s price movement.

SYRUP’s record high price was reached less than 24 hours ago at $0.384. An increase of 15.66% from the current price would be enough to surpass that peak – a target that may be reached if SYRUP is able to recover from today’s 9% drop, signaling a potential continuation of the bullish trend.

However, if profit-taking intensifies, SYRUP’s price could fall below $0.288 and risks dropping further to $0.244. This drop would invalidate the projected upside and potentially reduce investor interest, which could lead to the price stagnating or even continuing to fall.

Leo Token (LEO)

After a strong start to the year, which saw the token gain more than 100% in the first two months, LEO’s price has stalled and began a sideways movement.

Despite this, the token is still up more than 200% from its 2022 lows, reached during the bear market.

LEO’s price is still quite far from its January record high of $10.33. Reaching that level will require strong market support and investor confidence – two things that have been lacking recently amid volatile market conditions.

LEO needs a gain of about 20% to return to its ATH. However, this seems challenging given that LEO’s biggest daily spike this year only amounted to 4.47%.

If the bulls can maintain control and push the price above the resistance at $9.50, the next target could be $9.90, which is the 1.272 Fib level. From there, the crucial psychological level of $10.00 may come into play.

Conversely, if LEO breaks below the support level of $8.51, the price is likely to drop further to $8.20. This drop would invalidate the existing upside projections and could trigger further selling pressure from investors.