Crypto Market Sees a Decline in Volatility as Altcoins Continue to Rise

The crypto market has seen a decline in volatility in recent days after a bullish start to May. However, some altcoins seem to be unaffected

The crypto market has seen a decline in volatility in recent days after a bullish start to May.

However, some altcoins seem to be unaffected by this decline as their value continues to increase. The question now is, which altcoins have the most potential to make history?

Therefore, here is an analysis of three altcoins that are approaching the all-time high price record (ATH) in the third week of May, according to the BeInCrypto page.

Saros (SAROS)

SAROS price reached an all-time high (ATH) of $0.171 in April. On May 19, SAROS was trading at $0.153 and still holding above the $0.147 support level.

The altcoin is only about 11.4% away from its peak, signaling potential growth if positive market conditions continue.

The possibility of SAROS minting a new ATH depends largely on the overall market momentum.

If the bullish trend can hold, SAROS has a chance to break the resistance level at $0.171 and pave the way towards the $0.200 target. Market sentiment and global crypto trends will be the main deciding factors in this rise.

However, if SAROS fails to maintain support at $0.147 due to mounting selling pressure or the appearance of bearish signals, its price could drop to $0.134. This drop would derail the current bullish projections and delay the altcoin’s chances of reaching a new price record.

Maple Finance (SYRUP)

Maple Finance (SYRUP) has surged by 113% so far this month and on May 19 was trading at $0.331, close to its record high.

This impressive performance makes SYRUP one of the top performing altcoins, indicating increased investor interest and positive momentum towards the token’s price movement.

SYRUP’s record high price was reached less than 24 hours ago at $0.384. An increase of 15.66% from the current price would be enough to surpass that peak – a target that may be reached if SYRUP is able to recover from today’s 9% drop, signaling a potential continuation of the bullish trend.

However, if profit-taking intensifies, SYRUP’s price could fall below $0.288 and risks dropping further to $0.244. This drop would invalidate the projected upside and potentially reduce investor interest, which could lead to the price stagnating or even continuing to fall.

Leo Token (LEO)

LEO’s price is still quite far from its January record high of $10.33. Reaching that level will require strong market support and investor confidence – two things that have been lacking recently amid volatile market conditions.

LEO needs a gain of about 20% to return to its ATH. However, this seems challenging given that LEO’s biggest daily spike this year only amounted to 4.47%.

However, if Bitcoin (BTC) is able to break $110,000 and maintain its momentum, it could drive a bullish trend on LEO – especially if the token is able to turn the $9.11 level into new support.

Conversely, if LEO breaks below the support level of $8.51, the price is likely to drop further to $8.20. This drop would invalidate the existing upside projections and could trigger further selling pressure from investors.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.