3 Altcoins That Could Hit All-Time-High in the Last Week of May

Bitcoin reaching a new All-Time-High (ATH) last week has reignited optimism in the market. Following the king of cryptocurrencies, several altcoins are approaching their own record highs, with some even surpassing them over the weekend.

BeInCrypto has analyzed three altcoins for investors to watch this week as they near new All-Time-Highs.

Hyperliquid (HYPE)

HYPE is the latest top altcoin nearing a new All-Time-High, currently trading at $38.96. The altcoin is just 9.2% away from breaking the crucial resistance level at $42.25, making it a strong candidate for a breakout in the coming days.

The Ichimoku Cloud indicator, positioned below the candles, supports HYPE's continued upward momentum. This technical setup suggests HYPE could extend its impressive 50% increase this week and successfully create a new All-Time-High.

However, investor profit-taking remains a risk. A sudden selling pressure could push HYPE's price back to the support level of $32.19. If it falls below this support, the price appreciation prospect will be denied and could signal a downward trend.

Ket (KET)

KET is currently trading at $0.554, less than 6.3% away from its All-Time-High (ATH) of $0.590. If KET breaks this resistance level, it will mark the second ATH for this meme coin within a week, signaling a strong upward momentum that investors should watch.

This week, KET has maintained the important psychological support level at $0.500. Holding this support provides the necessary foundation for the coin to continue its upward trend, boosting investor confidence and maintaining the current price increase.

However, meme coins like KET remain susceptible to high volatility and unpredictable investor behavior. Sudden sell-offs could cause the price to drop back to $0.500 or even fall to $0.422, which would invalidate the current price appreciation prospects and increase downside risks.

UNUS-SED-LEO (LEO)

LEO is the furthest among top altcoins from reaching a new All-Time-High at $10.33. The altcoin needs to increase by 16.19% to achieve this target, requiring strong market momentum and investor confidence to push the price up.

The Relative Strength Index (RSI) is moving into the price increase zone, just above the neutral line. Maintaining this support could signal increasing price momentum. If Bitcoin reaches a new ATH this week, it could drive LEO to break resistance levels at $9.11 and $9.92.

However, unfavorable market conditions could keep LEO below $9.11. The price might consolidate above $8.86 or even drop to $8.51, reflecting cautious investor sentiment and potential downward pressure.