Three Altcoins to Watch Ahead of Potential Bitcoin (BTC) Price Breakout

Bitcoin showed signs of potentially forming a new all-time high earlier today but slipped back toward key support. Despite this, the intraday rise sparked bullish

Bitcoin (BTC) showed signs of potentially forming a new all-time high earlier today but slipped back toward a key support level.

Bitcoin (BTC) showed signs of potentially forming a new all-time high earlier today but slipped back toward a key support level.

Despite this, the crypto's intraday rise from a key support level sparked bullish sentiment among altcoins.

Despite this, the crypto's intraday rise from a key support level sparked bullish sentiment among altcoins.

Three altcoins that investors should be closely monitoring alongside major upcoming developments are highlighted below.

Maker (MKR)

MAKER (MKR)

MKR price dropped 12% over the past week but may rebound with the upcoming Phase One deployment of the MKR to SKY upgrade starting on Friday, May 19.

This transition, part of Maker’s rebranding to Sky, aims to complete its ecosystem transformation and attract investor interest.

The approval of the Executive Vote will enable SKY as the governance token of the Sky Ecosystem. This strategic shift could drive MKR’s price recovery to $1,894.

A further push could propel MKR toward the key resistance level at $2,188, signaling renewed bullish momentum in the market.

However, if MKR falls below the support level of $1,655, it risks dropping to $1,555 or further down to $1,325. Such a decline would invalidate the bullish outlook, signaling increased selling pressure and a possible extended downturn.

OFFICIAL TRUMP (TRUMP)

TRUMP price remains relatively stable due to low volatility, but the bullish market signals prevent a decline.

TRUMP price remains relatively stable due to low volatility, but the bullish market signals prevent a decline.

The Ichimoku cloud is spotted below the candlesticks, which supports this stability and suggests potential for sustained price action amid broader positive trends.

OFFICIAL TRUMP token is set for a major boost on May 22, the Day of the TRUMP Dinner, where the top 220 TRUMP holders will join the US President in Washington D.C. This event could spark significant interest and TRUMP price movement, as holders usually respond strongly to actions related to the US President.

This update could propel the TRUMP price to clear the crucial resistance levels at $13.36 and $14.53, setting its sights on $17.14.

This update could propel the TRUMP price to clear the crucial resistance levels at $13.36 and $14.53, setting its sights on $17.14.

However, a break below the support at $12.18 could trigger a steeper fall to $10.29, ultimately negating the bullish outlook and leading to a more substantial price decrease.

Floki (FLOKI)

Floki (floki)

FLOKI is attempting to recover from recent 21% losses after failing to break the $0.000113 resistance. The Parabolic SAR is seen above the candlesticks, which may indicate potential downward pressure. This suggests that the meme coin could be heading for a price decline in the near term.

The upcoming BADAI airdrop, which has been delayed since February, could have a positive impact on FLOKI’s price. Investors are eagerly awaiting this event, and any favorable updates could generate buying momentum.

This would be helpful in mitigating the bearish signals and supporting the stability of the FLOKI price.

If FLOKI manages to rise above the $0.000100 mark, it could make another attempt to reach the $0.000113 resistance and potentially trigger a sustained uptrend.

If FLOKI manages to rise above the $0.000100 mark, it could make another attempt to reach the $0.000113 resistance and potentially trigger a sustained uptrend.

On the other hand, a break below the $0.000090 support may lead to a more significant decline toward $0.000071, ultimately invalidating the bullish outlook.