Bitcoin’s recent rally past the $105,000 mark has reignited optimism among traders, fueling hopes for fresh all-time highs in the days ahead. This weekend surge didn’t just boost BTC—it sparked renewed enthusiasm across several altcoins including Hyperliquid (HYPE), Ethereum (ETH), Monero (XMR), and Aave (AAVE). Let’s dive into the market dynamics and what could be next on the horizon for these top performers.
Bitcoin Charging Toward New Peaks
Bitcoin has been trading within a tight range for several days, but the breakout above $105,500 on May 18 suggests that bulls are gaining control. Veteran trader Alan recently shared on X (formerly Twitter) his bullish forecast that BTC might climb to $116,000 as early as next week, riding this wave of momentum. Meanwhile, Matt Hougan, CIO at Bitwise, highlighted the increasing institutional demand as a potential driver of a supply squeeze that could push Bitcoin toward an ambitious $200,000 by year-end 2025.
Looking at technical indicators, Bitcoin’s moving averages are trending upward, while the Relative Strength Index (RSI) indicates that buyers still dominate despite being in an overbought zone. A decisive break and close above the immediate resistance at $105,820 could open the path toward testing the previous all-time high around $109,588. Should bulls hold that ground, a further rally to $130,000 becomes a plausible scenario.
On the flip side, a sharp pullback below the psychologically important $100,000 mark would suggest bears are reasserting control, likely leading to profit-taking and a possible slide toward the 50-day simple moving average near $91,400.
Altcoins Eye a Season of Their Own
While Bitcoin remains the headline act, analysts are increasingly turning their attention to altcoins, anticipating a potential “altseason.” Crypto strategist Javon Marks expressed optimism that altcoins—except for Ethereum—could experience one of their most vigorous rallies since the 2017 boom.
Ethereum’s Steady Climb
Ether recently retreated below $2,550 but struggled to maintain lower levels, indicating strong buying support. The 20-day exponential moving average (EMA) sits near $2,275, and with RSI still near the overbought threshold, the path of least resistance points upward. If ETH manages to close above $2,550, bulls might push further toward $2,739 and possibly $3,000 later.
Failure to hold above $2,400, however, would be a red flag, possibly triggering a deeper correction toward the 20-day EMA and lower support levels near $2,111.
Hyperliquid (HYPE) Ignites Interest
Hyperliquid has been battling resistance at around $28.50. Notably, the bulls haven’t relinquished much ground, suggesting strong demand. Its moving averages slope upwards, and the RSI signals bullish control. Should HYPE break above $28.50 convincingly, a surge to $35.73 could be on the cards. A fallback might test the 20-day EMA near $23.50, which has previously attracted buyers.
Monero (XMR) Holding Firm
Monero’s price action tells a story of resilience. From $262 on May 4, it surged to $353 on May 12 before pulling back only slightly. This shallow retracement suggests bulls are steadfast, preparing for another upward push. Clearing $353 resistance could launch XMR toward $391 and eventually $422. Key support lies near $331, with the 20-day EMA around $308 acting as a safety net.
Aave (AAVE) Eyes Higher Ground
Aave is facing resistance near $240 but has shown consistent buying on dips, never allowing prices to fall to the 20-day EMA around $206. A sustained close above $240 could trigger an advance to $280 and potentially $300 if bullish momentum continues. Conversely, a drop below $206 would signal a potential sell-off toward stronger support near $196.
What’s Next?
Bitcoin’s breakout is the spark, but the embers are spreading to promising altcoins that show technical signs of strength and robust demand zones. Traders and investors will be watching critical resistance and support levels closely in the coming days to gauge whether this momentum evolves into a sustained rally or faces renewed selling pressure.
With institutional interest on the rise and technical signals aligned, the cryptocurrency market may be gearing up for one of its more exciting chapters yet—one that could reshape portfolios and redefine market narratives for months to come.
