Altcoins continue to shine not just on the top blockchains in the crypto space

Altcoins have continued to perform well not just on the top blockchains in the crypto space but even on the ones that are less well-known. One such is the Kaia network, which was noted to have a massive surge in users in April.

According to the data on Dune, the total monthly active users peaked at 22.63 million in April, with the addition of 8 million users.

BeInCrypto has analyzed three of the top-performing altcoins on the Kaia Network for investors to watch heading into May.

Superwalk (GRND)

GRND has risen by nearly 31% this month, but it is still short of recovering the losses from the end of March. The altcoin is currently trading above the critical support level of $0.0568, which is showing that the buyers are in control.

If GRND can maintain its position above this support, it could see further gains in the coming days. The next resistance level to watch is at $0.0627, which could help to limit any gains in the short term.

However, if GRND does break through this resistance, it could open the door for a move toward the next major resistance level at $0.0696. This level is the Fibonacci 0.382 and could provide a strong barrier to further gains.

On the other hand, if GRND fails to hold above the $0.0568 support level, the bullish outlook could be at risk. A drop below this level would likely lead to a decline toward the $0.0494 support level, or even the $0.042 support level.

This would invalidate the current bullish thesis and signal that a potential shift in market sentiment is underway.

Kleva (KLEVA)

KLEVA has recently experienced both impressive and disappointing price action. The altcoin surged 119% at the beginning of last week, demonstrating strong bullish momentum. However, in the last 48 hours, it has faced a 33% decline. This volatility reflects uncertainty in market sentiment, making the future direction unclear.

The recent drop has brought KLEVA down from $0.125 to $0.083, with the altcoin currently holding above the crucial $0.081 support level. If KLEVA manages to bounce off this support, it could attempt to recover by breaching the $0.092 resistance. Successfully surpassing this level would signal a potential rally.

However, if KLEVA fails to hold the $0.081 support, the bearish outlook could intensify. A drop below this level could lead to a decline toward $0.063, erasing much of the recent gains. This would invalidate the bullish thesis and raise concerns about a possible extended downtrend.

Marblex (MBX)

Another one of the altcoins to watch, MBX, has experienced a 15% rise over the past 10 days, quickly recovering the losses from the end of March. As MBX nears $0.20, it will likely maintain its upward momentum. This improvement signals that MBX could continue its uptrend, potentially heading toward new resistance levels in the near future.

Currently holding above the crucial support level of $0.189, MBX is positioning itself to rally toward the next major resistance at $0.21. Surpassing this resistance would allow MBX to recover losses from the end of March, reinforcing the current bullish sentiment and attracting further investor interest.

However, the bullish outlook could be invalidated if MBX fails to hold above the $0.189 support. A fall below this level could lead to a decline, with potential drops to $0.177 or even $0.160. Such a move would undermine the current uptrend and signal a shift toward a bearish market sentiment for MBX.