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Altcoins Rebound as Bitcoin Surges 5% to $95,000

Coin WorldThursday, May 1, 2025 12:57 pm ET

2min read

In April, the crypto market experienced significant instability due to escalating trade tensions between the U.S. and China. This volatility led to a sharp decline in altcoins, reaching their lowest point of the year. However, as trade tensions began to ease, Bitcoin started to recover, climbing back towards $100,000. This recovery has had a positive impact on the broader crypto market, with leading altcoins also showing signs of resurgence. Experts suggest that favorable economic conditions could further boost altcoins in May.

Bitcoin’s recovery has been a catalyst for the altcoin market, with the overall market cap reclaiming the $3 trillion mark. Bitcoin’s surge above $95,000 has led to increased activity in the altcoin market, setting the stage for potential gains in several altcoins. Over the past month, as trade war tensions eased, several altcoins have garnered attention, with Bonk, sui, and Official Trump prices expected to see strong buying interest in the coming weeks of May.

Bonk has been trading within a narrow range between $0.0000212 and $0.000018, indicating that buyers are active near the lower end while sellers are present near the top. As of the latest update, Bonk is trading at $0.0000197, reflecting a 6.7% surge in the last 24 hours. The flat moving averages and the Relative Strength Index (RSI) around the midpoint suggest that this sideways movement may continue. If buyers can push Bonk above $0.000021 and maintain it there, it could signal a bullish breakout, potentially driving the price up to $0.000027 and completing a double-bottom pattern. Conversely, if the price falls below the ascending support line, it could trigger a further drop toward $0.0000156, although buyers are likely to defend this support level strongly.

Sui has been struggling to break above the $3.8 mark and is currently hovering around $3.7, with an 8% gain in the last 24 hours. Sellers are actively trying to keep the price below the 20-day moving average, but buying demand is rising. The RSI at 65 indicates that Sui is nearing overbought territory, which could signal an impending price pullback. If buyers can sustain the momentum, Sui might break past the $4.27 resistance and head toward $5.35. However, if selling pressure increases and the price drops below the 20-day Exponential Moving Average (EMA), Sui could fall back to the crucial $3 support level.

The Trump coin has been trading within a descending channel pattern, with buyers struggling to push the price above $14. Despite this, it has surged over 25% in the last 30 days and recorded a 3% gain in the last 24 hours, currently trading at $13. Buyers need to move the price back above the moving averages to maintain control. If the Trump coin closes above the descending trend line, it could set the stage for a move up to $16, with potential resistance at that level. A successful breakout could push the TRUMP/USDT pair as high as $24. Conversely, if the price closes below the moving averages, it would signal that bears are trying to create a lower high, potentially leading to a drop to $11.7.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.