As Bitcoin Rises, These 5 Altcoins Are Gearing Up to Secure Their Respective Resistances

Apart from Cardano, there are 5 more tokens that carry the potential to explode and close the monthly trade above $1

The crypto market has seen some interesting activity in recent times, with Bitcoin struggling to break out of the $68k-$72k range. However, there are some altcoins that are slowly gearing up to secure their respective resistances.

Apart from Cardano, there are 5 more tokens that carry the potential to explode and close the monthly trade above $1

Cardano (ADA), Stacks (STX), Optimism (OP), Artificial Superintelligence Alliance (FET), EOS (EOS), Core (CORE)

Among the six tokens that may soon reach the $1 resistance, five tokens-Optimism (OP), Artificial Superintelligence Alliance (FET), EOS (EOS), Core (CORE) and Cardano (ADA) are trading between $0.8 and $0.9. While Optimism is leading the race with over 40% weekly gains, the FET price has also surged by more than 22%. Although the Cardano (ADA) price has also attracted nearly 20% gains in the past seven days, the token may continue to struggle to reach $1. Here’s why!

The above chart shows the race between these five tokens to reach $1 at the earliest. Among them, the EOS price faced rejection just below $1 during the latest breakout, while the other tokens were restricted below $0.9. However, all the tokens seem to have been gearing up and consolidating within a bull flag, and hence a breakout from this range is expected to push the price above $1. However, the EOS price is facing a decent pullback from the local highs while the selling pressure continues to remain accumulated.

On the other hand, the Stochastic Relative Strength Index (RSI) on the daily timeframe for the ADA price suggests that the token is approaching the oversold territory. A further increase in the selling pressure could push the Cardano price into the oversold zone. In such a scenario, the buyers may step in to push the price upwards.

The global crypto market cap is rising, which suggests the cryptos are maintaining a healthy ascending trend. The growing optimism around the markets is expected to have a positive impact on these tokens. Hence, the Cardano (ADA) price is expected to reach $1 in May 2025 along with EOS, FET, OP and CORE.