Top 3 Cryptocurrencies to Keep an Eye on in May 2025!
Crypto market's making some noise this May, with Bitcoin and altcoins going all ballistic! With a whopping $79.44 billion trading volume, the crypto sphere has shot up by a stunning 2.95%. And guess what? BTC has breached the $97,000 mark for the first time on February 4, 2025.
It ain't just BTC, though. The altcoin market is stepping up its game by adding some serious value to their respective portfolios. Ethereum, for instance, smashed the $1,800 mark. And, there's a lot more happening in the altcoin world - many mid-cap and low-cap coins are registering double-digit price rallies this month.
So, if you're planning to dive into the crypto world, here's a lowdown on the top three altcoins worth keeping a close eye on this month:
1. Ethereum (ETH)
ETH ain't Kosher these days, with the price breaching the $1,800 mark, and a mind-blowing 5.81% intraday jump, backed by a $15.78 billion trading volume. But ya know, it's still trading 44% cheaper this year, indicating a strong contender for a bullish reversal. With a whopping valuation of $225.37 billion, ETH's dominance in the crypto market has increased to 7.37%.
On the technical front, the Simple Moving Average (SMA) is making a steady appearance in the Ethereum price chart's daily frame, and the RSI indicator is inching towards overbought territory. This presents a solid bullish outlook in the near future.
If ETH can manage to maintain the $1,800 mark, expect it to aim for the upper resistance level of $2,400 this month. But if it loses steam, brace yourself for a drop to the lower support level of $1,500.
2. Arbitrum (ARB)
Despite the rollercoaster ride, ARB has managed to display a consolidated price action in the past few weeks. But hey, it's added over 5% to its portfolio today, hinting at a potential bullish reversal. With a Year-to-Date (YTD) return of -52.78%, this altcoin is a prime candidate for a rebound in the upcoming time.
Technical indicators, such as the SMA and RSI, have shown an increase in optimism. In the current market scenario, this altcoin might grab attention and potentially touch its upper price targets this month.
If ARB surpasses the $0.3675 mark, expect it to head towards the upper target price of $0.60. But if the bullish rally falters, the price of ARB crypto might retest its crucial support level of $0.2625.
3. Sui (SUI)
SUI has shown a strong bullish reversal during April, soaring approximately 50% in 30 days. With a market cap of $12.38 billion, it secured the 11th position in the crypto space.
The Relative Strength Index (RSI) has busted out of the oversold range and is maintaining its position above it. Moreover, the average trendline indicates a surge in buying-over-selling activity for this altcoin in the crypto scene.
If the market aligns with the bulls, the SUI coin price is poised to test its multi-month high of $5. But if the crypto market experiences increased liquidation, the price of SUI might plunge towards its support trendline of $3.
Also read: Ethereum Price Prediction 2025: Will ETH Smash $2.5K in May?
- Amidst the turbulent crypto market this May, Bitcoin's price soared above $97,000 for the first time in 2025, signifying a significant milestone.
- The altcoin market, however, is also making headlines, with many coins registering double-digit rallies. Ethereum, for instance, breached the $1,800 mark.
- Despite global economic conditions and potential regulatory uncertainty in May 2022, Ethereum (ETH) stood as a contender for a bullish reversal. It's currently trading at $1,800, featuring a 5.81% intraday jump and a $15.78 billion trading volume.
- Arbitrum (ARB), the scaling solution of the Ethereum network, has displayed a consolidated price action, with a potential bullish reversal hinted by a 5% increase.
- Sui (SUI), though still under development in May 2022, showed a strong bullish reversal in April, soaring approximately 50%. With a market cap of $12.38 billion, it secured the 11th position in the crypto space.
- As for ETH in the future, if it can maintain the $1,800 mark, it might aim for the upper resistance level of $2,400. But if it loses steam, a drop to the lower support level of $1,500 could be expected.
- The finance world is highlighting altcoins as the next big thing in investing, with technology playing a crucial role in their growth and adoption rates.
