Bitcoin is traded near ATH. This pushes many altcoins to historical maximums. In May, many new records were recorded. June is expected to continue this trend.
We talk about three altcoins that are close to new historical maximums.
Maple Finance (Syrup)
The price of SyP is now 35+% of the recent historical maximum of $ 0.470, reached at the end of May. This indicates the strong potential of altcoin. He can update ATH in June, supported by a continuing bull trend.
SYRUP demonstrates a high correlation with bitcoin. It is 0.68, meaning that SyP often follows the BTC price trends. Altcoin grew by 122% over the past month. This puts him in a favorable position in order to continue to benefit from the rising bitcoin movements.
However, sales pressure can threaten Syrup growth. The drawdown below the support of $ 0.332 is fraught with a fall of up to $ 0.288 or even $ 0.244. This will cancel the bull forecast.
Hyperlique (Hype)
The HYPE price has increased by 78% over the past month, but remains 27% lower than its ATH $ 42.25, reached in December 2024. This indicates a strong potential for further growth in the near future.
In May, Hype tried to achieve a historical maximum, but then rolled away. The relative force index (RSI) is now in the bull zone. This indicates a stable bull impulse and increases the chances of a successful breakthrough in June. However, a sudden bear’s turn can discard the HYPE below the support level of $ 31.26. This is fraught with a fall to $ 27.31 or even $ 23.20, which will cancel the current bull forecast.
Analysis of altcoin BNB
The BNB price has increased by 10% over the last month and is now about 20% lower than its ATH $ 793. If the bull trend is preserved, BNB can reach new heights in June, attracting the attention of investors.
The CHAIKIN Money Flow (CMF) cash indicator remains above zero. This indicates strong tributaries that support the upward BNB trend. The transformation of $ 700 in support will confirm the potential of BNB to achieve a new historical maximum.
However, BNB has problems with the $ 686 resistance level. If the pressure of sales increases here, the price may fall below $ 647 and potentially reach $ 618 or $ 600. This will cancel the optimistic forecast.
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Source: Cryptocurrency
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