- Altcoins regain strength as Ethereum, SUI, XRP, LINK, and SOL push off key support levels.
- Trading volumes surge across major altcoins, signaling growing bullish pressure heading into May.
- Bitcoin stability supports renewed altcoin momentum with breakout setups emerging across key tokens.
As Bitcoin continues to trade strongly, altcoins are showing signals of a potential breakout. Ethereum (ETH), Sui (SUI), XRP, Chainlink (LINK), and Solana (SOL) have each shown distinct price actions over the last 24 hours. Some tokens hint at bullish momentum, while others are caught in brief consolidation phases.
Significantly, surging trading volumes across major altcoins indicate renewed market interest, suggesting upcoming volatility. Investors are closely watching key price levels that could dictate the next big moves in the crypto market.
Ethereum Leads Altcoin Recovery With Volume Surge Above 57%
Ethereum posted a sharp rebound, opening around $1,803.90 before dipping near $1,755. However, a late-session surge lifted the price to $1,816.76, marking a 0.62% gain. Support remains firm between $1,755 and $1,760, while resistance caps near $1,816–$1,818.
Source: CoinMarketCap
Trading volume soared 57.21%, strengthening ETH’s breakout setup. A daily close above $1,818 with firm volume signals a continuation toward higher targets. Range trading between $1,780 and $1,803 remains the fallback.
Related: Bitcoin Range Vs. Altcoin Surge: Key Crypto Charts Analyzed
Sui Holds Critical Support Despite Early Session Pullback
Sui started the day strong, hitting a peak at $3.78 before slipping into a downtrend . It now trades at $3.53, down 2.37%. Immediate support stands firm at $3.49-$3.50, while resistance looms at $3.62.
Source: CoinMarketCap
Moreover, trading volume increased by 56.39%, suggesting heightened participation despite the price drop. Consequently, a break below $3.50 may drive SUI toward $3.45. Conversely, reclaiming $3.63 could renew bullish momentum and target a retest of $3.78.
Related: Altseason Looms as Bitcoin Holds $90K and Analysts Spot Classic Breakout Signals
XRP Tests $2.25 Support as Buying Pressure Softens
XRP showed early bullishness but failed to maintain its highs, slipping slightly by 0.41% to $2.27 . Key support at $2.25-$2.26 remains critical, while resistance at $2.30 caps upward movement.
Source: CoinMarketCap
Besides, a drop in trading volume by 8.73% hints at fading momentum. Hence, XRP must hold above $2.25 to avoid further declines toward $2.22. A breakout above $2.30 could revive a bullish narrative and retest the $2.34 peak.
Chainlink Pressures Resistance as Volume Spike Signals Buyer Interest
Chainlink turned heads with a solid 1.41% daily gain, ending at $15.15 after bouncing from $14.50 lows. Support is firm between $14.50-$14.55, while resistance at $15.20 stands ready to be challenged.
Source: CoinMarketCap
Moreover, a 20.19% spike in volume reinforces the bullish bias. If LINK breaks $15.20, it could quickly target $15.35. However, failure to breach this level may trigger a retreat toward $14.80.
Solana Fights to Reclaim Lost Ground After Sharp Dip
Solana faced strong selling pressure, dropping 2.07% to close at $147.96 after an early push to $152. Key support lies at $145.50-$146.00, while major resistance is established around $150.90.
Source: CoinMarketCap
Despite a 57.02% surge in volume, sellers currently dominate. Hence, SOL must reclaim $150.90 to regain upward traction. Otherwise, risks of retesting $145 or lower persist.
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