As May Comes to a Close, Many Crypto Tokens Are Approaching Major Developments

Altcoins aim to use these milestones as catalysts to drive their prices higher, following Bitcoin's recent momentum.

May is quickly coming to a close, and with it, several crypto tokens are nearing major developments that could propel their prices.

As several altcoins aim to use these milestones to drive their prices higher, they’ll also be looking to capitalize on Bitcoin’s recent momentum, which has seen the flagship token recover to $27,000.

BeInCrypto has analyzed three such altcoins that investors may want to keep an eye on as Q2 comes to an end.

BNB price is expected to surge soon, driven by the upcoming Maxwell hard fork on Binance Smart Chain (BSC). This upgrade promises faster block times, improved network efficiency, and smoother overall performance, which could boost investor confidence and usage of the platform.

The Maxwell hard fork could serve as a key catalyst for increased chain activity. Currently trading at $672, BNB faces resistance levels at $686 and $700. A strong market response to the upgrade may close the 18% gap to BNB’s all-time high (ATH) of $793.

However, if the hardfork’s reception is lukewarm, BNB may remain stuck below $686. This could invalidate the bullish outlook and stall the ongoing uptrend, as traders wait for clearer signs of sustained momentum.

On the other hand, breaking through $700 could pave the way for further gains toward $793, setting the stage for an interesting development in the coming days.

ZIL price has decreased by 14.7% over the last two weeks, falling from $0.0149 to $0.0127. This decline is likely due to the delays in the Zilliqa 2.0 mainnet launch. However, any positive update on the migration could trigger renewed bullish momentum for the token.

Investors should watch for news on Zilliqa 2.0, as favorable developments may push ZIL’s price toward resistance at $0.0137. Breaking this level could reinstate bullish sentiment and signal a potential recovery for the altcoin from the recent lows.

If ZIL fails to capitalize on this opportunity, the price may consolidate in the range of $0.0125 to $0.0137. Such sideways movement would weaken the bullish outlook, suggesting a period of uncertainty before the next major move.

OP price has remained relatively flat recently, but upcoming events may introduce bullish potential. The scheduled unlock of 31.34 million OP tokens this week, valued at $24.22 million, could spur a price surge as investors prepare for increased supply and activity.

Currently, OP is trading above the Ichimoku Cloud, which typically indicates bullish strength in the technical analysis framework. This setup suggests that OP could breach the $0.80 resistance and continue climbing toward the $0.90 level, which may attract more investor interest.

However, failing to break through $0.80 would invalidate the bullish outlook. In that case, the price could drop to $0.69 or lower, signaling potential weakness and a need for caution among traders.