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Although Bitcoin‘s price approached $65,000 with the introduction of Hong Kong ETFs, it has since retreated to $62,000. April ended poorly for crypto investors, and there is no clear optimism for May. However, three popular altcoins could outperform Bitcoin in the coming weeks.
Binance Coin (BNB)
Binance Coin started slow but made a rapid recovery after resolving legal issues. While most altcoins have retreated to significant support levels, BNB’s price remains relatively positive at $590. It has been consolidating for over a month and a half, unable to close above $640.
If Binance Coin‘s price can break through the $635 to $645 range, it could rise to $686 in May. Surpassing this level would lead to further increases.
PEPE Coin
PEPE Coin continues to compete with Dogwifhat (WIF) Coin and remains strong. It built a large community last year despite low volumes and internal disputes. These factors highlight its long-term potential.
In the last three months, this frog-themed meme coin has seen an increase of nearly 600%. If it maintains above the 50-day Exponential Moving Average (EMA), it could reach a new high of $0.000010.
Tron (TRX)
Tron, a longstanding altcoin, and its founder Justin Sun have consistently landed on their feet. Despite the fall of other famous crypto figures, Justin has remained standing. Tron’s price rebounded from $0.109, preventing deeper lows.
With the 200-day EMA about to cross above the 50-day EMA, bulls are preventing a death cross and now aim for new highs in the coming month. With RSI in the neutral zone and strong support, May could also be promising for TRX if Bitcoin does not face larger losses.
