3 Altcoins That Are Close to Forming New All-Time Highs This Month

As Q2 began, the crypto market gained momentum, with many tokens showing strong performance in the latter half of April.

As Q2 began, the crypto market momentum increased, with many tokens showing great strength in the latter half of April. Most altcoins have seen triple-digit gains as they followed Bitcoin’s lead.

Moreover, some altcoins are approaching their all-time highs, signaling the market’s optimism and growth. BeInCrypto has handpicked three such altcoins that could be en route to forming new all-time highs in the month ahead.

Walrus (WAL)

WAL has surged by 50% over the past week, reaching a price of $0.622. This strong uptick also saw the altcoin hit a new all-time high (ATH) of $0.690.

Recent gains reflect growing investor interest and confidence in the altcoin’s performance.

Currently, WAL is just 11% away from breaching its ATH and potentially forming a new high at $0.750. However, this progress depends on sustaining the bullish momentum.

If market conditions remain favorable and buying pressure continues, WAL may break through this resistance and push toward the $0.750 target.

Alternatively, if investors decide to sell early and the bullish momentum fades, WAL could struggle to maintain its upward trend. A failure to break the $0.634 resistance level could lead to a drop to $0.546. This would invalidate the current bullish outlook and signal a potential correction in the altcoin’s price.

Saros (SAROS)

SAROS has not posted significant gains this month but did manage to hit a new all-time high (ATH) of $0.1712 before falling to $0.1311 at the time of writing.

Despite the drop, the altcoin remains within a range that could allow for potential recovery and further price growth.

Currently, SAROS is facing resistance at $0.1344, and breaking through this level is crucial for the altcoin to return to its ATH of $0.1712. A successful breach would open the path toward $0.2000, providing the altcoin with a strong opportunity for continued upward movement if the bullish momentum sustains.

If SAROS fails to breach the $0.1344 resistance, it could remain consolidated above $0.1153. A failure to hold above this level would put the bullish outlook at risk, potentially leading to further downward movement and invalidating any potential for short-term growth.

BNB

BNB is currently priced at $609, needing a 30% rise to reach its all-time high (ATH) of $793. However, achieving this requires strong market conditions and investor support, both of which have been lacking throughout April. A sustained rally would be crucial for the altcoin to reclaim its ATH.

Currently trapped under a nearly five-month downtrend, BNB faces significant resistance. A 30% rally would be needed to break through this trend and reach $793. If BNB can surpass the $700 mark, it would confirm that the altcoin is on track to challenge its previous ATH and establish a new high.

However, BNB is struggling to gain traction among investors, making such a rise difficult. Failing to breach the $618 resistance could result in a decline, with BNB potentially falling below $600. If this occurs, BNB could slide toward $576, further invalidating the bullish outlook and prolonging its downtrend.