Bitcoin (BTC) near a major support level.

This short-lived price increase sparked positive sentiment among altcoins. Recently, the BeInCrypto website highlighted three altcoins that, along with the upcoming major developments

Bitcoin has been hovering near a crucial support level throughout the week, but a slight price increase briefly pushed the cryptocurrency above the key resistance at $27,000. Nonetheless, this short-lived gain sparked positive sentiment among altcoins.

Recently, the BeInCrypto website highlighted three altcoins that, along with the upcoming major developments, are becoming important assets that investors need to pay close attention to.

3 Cryptos to Hunt Before Donald Trump’s Gala Dinner This Week!

This transition is part of Maker’s rebranding to Sky, which aims to complete the transformation of its ecosystem and attract investors.

The approval of the Executive Vote will make SKY the governance token in the Sky Ecosystem. This shift in strategy has the potential to drive MKR’s price recovery to reach $1,894, and could even break the key resistance level at $2,188, which would indicate a return of bullish momentum in the market.

However, if MKR falls below the $1,655 support level, there is a risk of a further drop to $1,555 or even to $1,325. This drop would invalidate the bullish projection and indicate increasing selling pressure and the possibility of a longer downward trend.

TRUMP’s price still tends to stagnate due to low volatility, but bullish market signals are holding it back.

The Ichimoku cloud below the candlestick shows stability, indicating the potential for consistent price movement amid the broader market’s positive trend.

The OFFICIAL TRUMP token is expected to get a major boost on May 22, coinciding with the Day of the TRUMP Dinner, where the top 220 TRUMP holders will join the US President in Washington D.C.

The event has the potential to attract huge attention and trigger significant price movements, given the strong response that holders usually show to activities involving the US President.

This update could push TRUMP price to break the resistance levels at $13.36 and $14.53, with an upside target of $17.14.

However, if the price drops below the $12.18 support, then there is a risk of a further drop to $10.29, which would invalidate the bullish outlook and lead to a significant price drop.