Market conditions have improved over the past week, and Bitcoin's

Despite its recent rise, Sonic hasn't fully recovered from the losses incurred in March, where its price movement was still pressured by the previous decline.

In the dynamic realm of cryptocurrencies, where tokens ebb and flow with market tides, certain altcoins are emerging from the pack with promising developments that could propel them to new highs. As investors eagerly seek out promising avenues, three altcoins have caught the attention of BeInCrypto for their potential in the coming days.

Sonic (SONIC)

Sonic (SONIC) has been a token of interest lately, particularly after its price dropped significantly in March before bouncing back.

Despite recovering some lost ground, SONIC hasn’t fully regained the levels it lost during March, where the previous decline still had some impact on its price movement.

However, with the Sharding feature set to launch on 15 May, this could be a pivotal moment for SONIC’s recovery. This upgrade is expected to enhance transaction speeds and mitigate network congestion, setting the stage for SONIC’s price to rise further.

If this upgrade is successful, SONIC’s price could soar to $0.74, fully recovering the losses encountered in March.

Nevertheless, if there is profit-taking in the near term and SONIC fails to break the $0.60 resistance level, then a drop in price is possible. Should the price drop below this level, SONIC risks sliding to $0.50, which would render the current uptrend outlook invalid.

Arbitrum (ARB)

Arbitrum (ARB) has been a hot topic in the crypto sphere, and for good reason. The layer-2 scaling solution for Ethereum (ETH) has seen impressive growth since its token was launched in March.

Arbitrum is nearing the launch of its Sharding feature, which is expected to significantly increase transaction speeds and reduce network congestion.

Moreover, the upcoming unlock of 92.65 million ARB tokens on 16 May — which will release tokens worth approximately $43 million — is expected to bring about heightened price volatility.

Prior to the token unlock, ARB still has potential to register further gains. The Ichimoku Cloud indicator is currently present below the candlestick, which usually signifies potential upward momentum (bullish).

If this trend continues, then ARB could break the $0.51 level and move towards $0.55, with strong buying support potentially pushing prices higher in the short term.

However, if ARB fails to maintain the support level at $0.47, then a price drop is possible. The upcoming token unlock could worsen this decline, potentially pushing the price down to $0.38. This would invalidate the current uptrend outlook and signal a reversal to a downtrend (bearish).

Jupiter (JUP)

Among the promising altcoins to watch is Jupiter (JUP), the native token of Jupiter Exchange, a decentralized exchange (DEX) on the Solala blockchain.

JUP has encountered difficulties in breaking through the $0.54 level, despite attempts over the past week. However, the token has managed to stay above the crucial support level at $0.47.

The current momentum shows positive potential, but keeping the $0.57 level as support is crucial to continue the rise.

This week, JUP is expected to get a boost from a significant development. Jupiter Exchange announced that 2.5% of jupSOL transaction commissions will be donated to the Jupiter DAO.

This new source of revenue could increase liquidity and positive market sentiment, which supports JUP’s price growth in the short term.

If this new revenue model manages to boost investor confidence, then JUP could break above $0.68, provided it is able to maintain the support level at $0.57.

However, if it fails to keep that level, the price could potentially drop to $0.47, which would invalidate the uptrend outlook and erase most of the recent gains.