Husky Inu Now Accepts Card Payments for Presale

Crypto US stocks are in focus today as Galaxy Digital (GLXY), MARA Holdings (MARA), and Riot Platforms (RIOT) each present key developments and price movements.

GLXY continues to face volatility after its Nasdaq debut, while MARA shows strength with a 27.88% gain over the past 30 days. RIOT, meanwhile, expanded its credit line with Coinbase to $200 million, reinforcing its growth strategy. Analysts remain bullish on all three names, with strong upside targets and favorable ratings across the board.

Galaxy Digital (GLXY)

Galaxy Digital (GLXY) closed yesterday with a sharp 7.36% drop but is showing modest recovery in pre-market trading, up 1.5%. The company made its long-anticipated Nasdaq debut on May 16, opening at $23.50 per share.

CEO Mike Novogratz described the listing process as “unfair and infuriating,” marking the end of a years-long effort to enter U.S. markets.

Notably, Galaxy is already working with the SEC on tokenizing its shares, aiming to integrate them into DeFi applications. Despite the milestone, the timing coincided with the disclosure of a $295 million Q1 loss, adding pressure to investor sentiment.

Technically, GLXY is down 6.77% since its Nasdaq debut and is hovering near key support levels. If bearish momentum persists, the stock could slide below $22, marking new all-time lows.

However, if the early pre-market strength continues and a broader rebound takes shape, GLXY may attempt to retest resistance at $22.24.

A decisive move above this level could pave the way toward $23.61 and even $25, but the company will likely need a strong fundamental catalyst—such as progress on tokenization or regulatory clarity—to sustain an upward trajectory.

MARA Holdings (MARA)

MARA is up 27.88% over the past 30 days and has held above the $15 level since May 9, showing resilience despite short-term pullbacks. It closed yesterday down 0.80% and is down another 0.68% in pre-market trading.

Analyst sentiment remains cautiously bullish: Seven out of 17 analysts rate it a “Strong Buy,” nine suggest holding, and only one recommends a “Strong Sell.”

The average 12-month price target is $20.27, indicating a potential upside of 25.2% from current levels.

Financially, MARA reported Q1 2025 revenue of $213.9 million—an increase from $165.2 million the year prior—driven by a 77% jump in the average Bitcoin price. However, Bitcoin production declined due to the halving, and the company posted a net loss of $533.4 million, primarily due to end-of-quarter price volatility.

Despite this, MARA expanded its BTC holdings to 47,531, a 174% year-over-year increase. Technically, MARA maintains a bullish EMA structure, but the narrowing gap suggests caution. If momentum fades, the stock could test support at $15.25, with further downside risk to $14.47 or even $12.63.

A renewed uptrend could see it pushing toward resistance levels at $16.69, $17.30, and potentially $17.86.

Riot Platforms (RIOT)

Riot Platforms (RIOT) closed yesterday with a mild decline of 0.45% and is down another 1.23% in pre-market trading. The company recently announced a major financial move, doubling its credit line with Coinbase to $200 million.

According to CEO Jason Les, the expanded facility aims to enhance Riot’s financial flexibility, support strategic initiatives, and reduce capital costs.

Operating mining facilities in Texas and Kentucky, along with engineering hubs in Colorado, Riot is positioning itself as a vertically integrated Bitcoin infrastructure platform.

Market sentiment around RIOT remains strongly bullish. Of 17 analysts covering the stock, 15 rate it a “Strong Buy,” with a one-year price target averaging $15.54—representing a potential upside of 74%.

From a technical perspective, RIOT faces resistance at $9.09; a breakout above this level could lead to gains toward $9.47.

Conversely, if the $8.82 support level breaks, the stock may fall to $8.40 or even $8.05, especially if selling pressure intensifies.

The post 3 US Crypto Stocks to Watch Today appeared first on BeInCrypto.

Altcoins like AIXBT, Echelon Prime (PRIME), and Balancer (BAL) have posted massive gains heading into the first week of May, but key technical indicators now suggest all three may be overbought. AIXBT is up nearly 95% on the week with strong price momentum, yet it still lags the broader market with a low relative strength.

PRIME and BAL have both surged over 30% in the last 24 hours, but each shows extreme RSI readings above 70 while also underperforming in relative strength—raising red flags about sustainability. While the rallies have drawn short-term attention, traders should be cautious as these tokens show signs of overheating without broader market confirmation.

AIXBT

AIXBT, one of the most recognized crypto AI agents tokens, has emerged as a top performer, surging nearly 40% in the last 24 hours and over 95% in the past seven days.

This explosive rally places AIXBT among the best-performing altcoins of the week, drawing increased attention from traders and speculators.

However, technical indicators suggest the token may be entering overheated territory, warranting caution in the short term.

The Relative Strength Index (RSI) is a momentum indicator that moves from 0 to 100. Values above 70 mean the asset is overbought and may pull back. Values below 30 suggest it’s oversold and could rebound.

Relative Strength (RS) compares a token’s performance to a benchmark. RS above 1.0 means outperformance. Below 1.0 means underperformance. AIXBT has an RSI of 73.92 and an RS of 0.69. That technically makes it overbought, but still lagging behind the broader market.

This shows that AIXBT’s rally has been sharp, but not strong relative to other assets. The surge may be driven more by short-term speculation than sustained market strength.

Echelon Prime (PRIME)

Echelon Prime has surged 33% in the last 24 hours, making it one of the day’s top-performing altcoins.

Its trading volume has exploded by 276%, reaching nearly $16 million—an indication of heightened trader interest and momentum.

However, while the price action is impressive, technical indicators are flashing caution in the short term.

PRIME’s Relative Strength Index (RSI) currently sits at 74, firmly in overbought territory. At the same time, its Relative Strength (RS) is just 0.124.

This combination—high RSI and low RS—suggests the recent rally may be unsustainable.

While there’s strong short-term demand, the token lacks confirmation from relative market strength, making PRIME vulnerable to a sharp correction if buying pressure fades.

Balancer (BAL)

Balancer has jumped over 41% in the last 24 hours, supported by a sharp rise in trading activity, with volume climbing to $53 million.

The price surge places BAL among the strongest-performing altcoins in the market. However, technical indicators suggest the rally may be overextended despite the breakout.

BAL’s Relative Strength Index (RSI) is at 79.33, signaling extreme overbought conditions. Meanwhile, its Relative Strength (RS) stands at just 0.27, indicating it is still underperforming relative to the broader market.

This combination—very high RSI and low RS—often points to an unsustainable move driven more by hype than underlying strength.

Without relative outperformance to support the momentum, BAL could be at risk of a near-term pullback once buying pressure cools.

The post 3 Altcoins that are Overbought in the First Week of May 2025 appeared first on BeInCrypto.