Bitcoin’s approach to the new all-time high is to push many altcoins to record prices. You may have seen multiple new asses, but we expect June to continue.
Beincrypto has analyzed three such Altcoins, close to the new all-time highs and how they can reach these levels.
Maple Finance (syrup)
The Syrup price is currently trading at $0.345, about 35.69% below the recent ATH $0.470 since late May. This suggests that Altcoin has a strong potential to reach a new ATH in June, backed by ongoing bullish momentum.
The syrup shows a strong 0.68 correlation with Bitcoin, indicating that it often follows BTC price trends. Syrup, which has grown 122% over the past month, is well positioned to continue the benefits of Bitcoin’s upward movement.
However, sales pressure can threaten the profits of the syrup. If an investor’s sale pushes a price below $0.332 support, Altcoin could drop to another $0.288 or $0.244, negating the bullish outlook.
High lipids (hype)
Hype prices have skyrocketed 78% over the past month, and are currently trading at $33.65. Altcoin is 27.2% below the December 2024 ATH $42.25, indicating strong potential for further profits in the short term.
In May, the hype attempted to break the ATH, but pulled back and corrected it down. The Relative Strength Index (RSI) is currently in the bullish zone, with signaling continuing momentum, increasing the likelihood of a successful June breakout. This could help the hype enter a list of altcoins that will reach new all-time highs next month.
Despite optimism, a sudden bearish shift could potentially fall below the hype below the $31.26 support level. Such a move could drop to $27.31 or $23.20, potentially overriding current bull forecasts.
BNB
BNB prices have risen 10% in the past month and are currently trading at $658, about 20.6% below the all-time high of $793. Maintaining this bullish momentum will help BNB reach new highs in June, drawing attention from investors in search of opportunities for growth.
The Chaikin Money Flow (CMF) indicator remains above zero, indicating a strong influx supporting the upward trend in BNB. Repeated support for $700 confirms that BNB is the highest ever high and could boost market confidence.
However, BNB has been struggling to break past the $686 resistance recently. If sales pressure rises at this level, the price could fall below the $647 support and to $618 or $600, voiding the bullish outlook.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always carry out your research and consult with an expert before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
