In April, the crypto market was very unstable because of the growing trade conflict between the U.S. and China. This caused altcoins to plunge hard and hit their lowest point of the year. However, now that the trade tensions are calming down, Bitcoin is climbing back up toward $100,000, and leading altcoins are rising too. Experts believe that positive economic conditions could help altcoins make a strong comeback in May.
Bitcoin’s Recovery Becomes Messiah for Altcoins
In the past few days, the crypto market has been rising again, claiming the $3 trillion market cap. Bitcoin has gone above $95,000, which has led to increased trading volume in the altcoin market.
Also read: Altseason 2025: 3 Altcoins to Stack Before the Big Pumps
Over the past month, several altcoins have gained attention as the trade war tensions eased. In the coming weeks of May, we could see strong buying interest in Bonk, Sui, and Official Trump prices.
Bonk Price Analysis
Bonk price has been trading in a narrow range between $0.0000212 and $0.000018 for several days, showing that buyers are stepping in near the lower end and sellers are active near the top. As of writing, Bonk price trades at $0.0000197, surging over 6.7% in the last 24 hours.
The flat moving averages and the RSI sitting just around the midpoint suggest that this sideways movement could continue for a bit longer. If buyers manage to push BONK above $0.000021 and keep it there, it could signal a bullish breakout and possibly send the price up to $0.000027, completing a double-bottom pattern.
On the flip side, if BONK price falls below the ascending support line, it could trigger a further drop toward $0.0000156, but buyers are likely to strongly defend that support level.
Sui Price Analysis
Sui is having a tough time breaking above the $3.8 mark and is currently hovering around $3.7, gaining over 8% in the last 24 hours. Sellers are doing their best to k