Key Takeaways
- After breaking to new highs, the HYPE token has the potential to rally towards $100 following bullish price action.
- Despite market uncertainties, SOL’s price remains strong above key support of $150 as bulls aim for $295 highs.
- XRP continues to gain much traction in the media, but its price struggles below the $2.6 resistance ahead of the monthly close.
This month may prove to be one of the best months in 2025 for the crypto market in a long while after seeing Bitcoin and altcoins rally past their support zone, aiming to create strong bullish price action to new all-time highs. However, they have experienced minor price rejections.
The price crash for BTC from its all-time high of $109,600 to a region of $74,800 led to a massive price crash for altcoins, creating fears and uncertainties about whether the crypto market top was in. Altcoins saw an over 50-70% price crash, and the BTC fear and greed index was at an all-time low since the U.S. pre-election pump.
Bitcoin’s price rally from $74,800 to new all-time highs of $111,700 was a huge talking point in the media, although crypto experts and investors have shared that the price of BTC will maintain its strength to a new potential high, possibly $120,000, before a major retracement.
While much attention has been placed on BTC, altcoins have shown strong strength in the last few months. The likes of SOL, XRP, and HYPE rallied from a low of $8 to a region of $39, which is close to 500%, creating new all-time highs as price continues to see more upward price action.
A key contributor to HYPE’s rally has been strong trading action on its platform, which has helped its native token used for swap rally to highs. Top trader James Wynn has made so much money trading BTC derivatives on its platform. Let us examine strong crypto projects that will continue their fine rally ahead of the May monthly close.
Solana (SOL) Price Analysis
Source – 1D SOL Price Analysis From TradingView
The price of SOL remains strong ahead of its monthly close. A close above $190 could see bulls attempt to continue with the rally toward its previous highs, which are over 80% from its current price action.
While the price of SOL has more room for its rally, trading above its daily key zones of $120 and $150, respectively, is a major boost for whales. Price would be looking to build on such momentum to the upside, as the higher timeframe structure shows bulls would aim for a high of $295.
HyperLiquid (HYPE) Price Analysis
Source – 4HR HYPE Price Action From TradingView
The price of HYPE has been in an uptrend for the past few weeks. It rallied to set new all-time highs ahead of the May close, hitting the $40 milestone from a region of $8-$10 a few weeks ago.
Current price action for HYPE indicates strong potential to continue its rally in June. However, if the overall market sees a market retracement, the price of HYPE could see a minor decline towards $32-$30 before continuing to the upside. If price action continues in this form, the price of HYPE has the potential to reach $100.
XRP Price Analysis
XRP continues to gain strong fundamental news in the media as the price struggles to break above the key resistance of $2.6, preventing a strong price rally to the upside. If the price of XRP breaks above $3, we could see it move swiftly towards $5 and beyond, with strong fundamentals supporting its price rally.
Traders and investors will pay close attention to the XRP price around $2 and $2.6, which will act as major support and resistance and potentially determine the direction of the price rally.
