These three medium-cap cryptocurrencies are expected to explode in May. They have already broken out of bearish patterns, and strong fundamentals affirm their bullish case.
During the bull market, Bitcoin rally precedes the altcoin season, during which time medium and small-cap coins start shooting to unprecedented heights.
In this post, we tell you of the three medium-cap cryptos worth buying in May and holding throughout the market cycle. These have not only broken out of a bearish pattern but are also expected to continue rallying in the near future and include Sui, Solana, and Bitcoin Cash.
Sui (SUI)
Over the last 30 days, SUI rallied by more than 75%, which helped it recapture the four-month high of $4.26. From a technical perspective, the top altcoin recently broke out of a bearish flag pattern.
At the time of writing, it trades around $4 with virtually all technical indicators hinting at a further uptrend.
The unexpected rally was fueled by a number of factors, key among them being increased investor and developer activity on the SUI network.
Its TVL, for example, recently surpassed $2 Billion. The DEX volumes are also rising steadily, and so is the daily trade volume of the coin. Developer activity on the platform is also rising. Throughout May, we expect a recovering crypto market to drive SUI prices further up.
Solana (SOL)
Solana is up by more than 35% in the last 30 days. It currently trades around $177, having rebounded from below $100 last month. But seeing that it still trades more than 40% below the January highs, we are confident it has more room for upside gains.
Our analysis also confirms further gains of the Ethereum killer and expects it to rally as much as 350% to peak above $500 before year-end.
Among the top factors expected to fuel Solana’s uptrend this month are the recovering crypto market. Bitcoin has already torn above $100k and seems ready to set a new all-time high.
This has inspired the rest of the coins, including Solana, to break out of bearish patterns and assume an uptrend.
Bitcoin Cash (BCH)
Trading more than 90% below its all-time high, Bitcoin Cash has been rather slow in responding to the ongoing bull market. But despite the sluggish reaction to the shifting market trends, BCH has always followed Bitcoin’s footsteps.
It rallies when the legacy digital rallies and vice versa. We are, therefore, confident that Bitcoin Cash will start rallying again and possibly break above $1,000 before year-end.
From a technical perspective, Bitcoin Cash is currently breaking out of an extended period of indecisive price action.
Since slipping out of the season high of $640, BCH price has been caught in a range between $250 and $420. It recently breached the key resistance level of $420, and all the technical indicators, from MACD to RSI, hint at further upside.
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