The crypto markets initiated the weekly trade with decent gains while Bitcoin price surged above $87,000 and attained significant momentum. The other tokens also surged, but the intensity was lower compared to Bitcoin. Meanwhile, the SUI price is attracting massive volume, which suggests the investors could be extremely bullish about the upcoming price action. Therefore, the SUI price rally is set to demonstrate one of the most bullish cycles and outperform the popular altcoins very soon.
The SUI price has been displaying powerful momentum ever since it gained back the $2.2 zone with a notable rise in volume. The price rebounded from the yearly lows, which has also been a strong support of a bullish pattern. Therefore, a rise from the current consolidation is expected to revive a strong upswing in the SUI price rally. With this, the potential target for the altcoin could be 35% above the current levels.
But the question remains whether the bulls may manage to sustain above the gains or whether the upswing will be a short-lived rally.
As seen in the above chart, the SOL price is trading within a falling wedge and seems to have reached the apex of the consolidation. The dropped volume is recovering, hinting towards a rise in trading activity. On the other hand, the +Di & -Di are about to undergo a bullish crossover, which may turn the DMI bullish. With this, the SUI price is believed to break above the pattern and set up a fine upswing.
The bulls have been constantly trying to keep the momentum elevated, but somehow the bears have managed to keep the price restricted below the range. Now that the volume is recovering, one can expect a fin breakout with the possibility of sustained growth. Therefore, the SUI price is gaining momentum for a breakout, and when this happens, the price is set to reach $4 initially.
Cardano (ADA) has recently shown strong signs of a recovery, giving traders new hope for a rally towards the $1 mark. The price has climbed above $0.70 for the first time since March and is currently facing key resistance levels that could decide the next move.
Cardano Price Strong Recovery Hints at Rally
According to crypto analyst Ali Charts, the Cardano price is approaching a major test at $0.74. A breakout above this level could open the way for a move toward $0.88 for ADA price. Over the past seven days, Cardano has gained more than 12%, showing increased investor interest.
Trading volume has risen by 33% in the past 24 hours, reaching $723 million. This higher volume signals that buyers are becoming more active as Cardano attempts to overcome resistance barriers between $0.7150 and $0.7200. If the Cardano price fails to break above these levels, it could drop back to $0.6800.
The ADA price is currently trading around $0.7088, showing a daily gain of 2.04%. It continues to recover from the recent low of $0.6500. However, some technical indicators suggest that the upward momentum could be weakening as ADA price nears critical resistance points.
Whale Activity and ETF Speculation
Large Cardano holders, often referred to as whales, have been increasing their ADA holdings. Data from Santiment shows that wallets holding between 10 million and 100 million ADA now control 35.5% of the total supply. This figure has risen from 33% in January, indicating sustained accumulation boosted by the recent reveal of backing for the Ripple coin XRP.
Wallets with between 1 million and 10 million ADA have also grown to account for 15.83% of the supply. Analysts view whale accumulation as a positive sign, as it often suggests that large investors expect future gains.
Source: Polymarket
In addition, speculation about a potential spot ADA ETF is gaining momentum. Following the appointment of Paul Atkins as the new chair of the Securities and Exchange Commission (SEC), expectations for ETF approvals have increased. Moreover, Polymarket data shows the probability of an ADA ETF being approved this year jumped to 51%.
Golden Cross Formation and Bullish Momentum
As per the recent technical analysis, a Golden Cross on the 4-hour chart has emerged, strengthening the Cardano’s price’s bullish outlook. Subsequent to this crossover, the price rose sharply and then trading above the 50 period SMA which has since become the support. Another positive sign was marked by higher highs and higher lows in the price action.
The Money Flow Index (MFI) at the moment is 55.33, which is more neutral to slightly bullish at the moment. The MFI is not overstretched towards the buy signal and not oversold, meaning there is potential for rising ADA prices if the undertone remains bullish.
ADAUSD price chart (Source: TradingView)
On a larger timeframe, Cardano price is within the falling channel formed in the first half of 2025. The price has reversed from the channel bottom and is currently moving towards the midway and the upper edge of the channel.
An upward breakout above the upper Bollinger Band about $0.77 to $0.78, in accordance with Ali Charts, could open the way for further upward trends towards $0.88 possible. Therefore, if Cardano price clears this region, it will endorse the bullish signal highlighted earlier by the Golden Cross formation.
According to the charts, resistance is around $0.70 to $0.72, with further support at the lower border of the channel at $0.55 to $0.57. If the resistance levels remain intact, Cardano could revisit the lower support level before attempting another breakout.
Hedera (HBAR) enters May in a fragile yet potentially explosive technical setup, with futures activity cooling and price movements closely tied to Bitcoin’s momentum. HBAR Futures volume remains subdued, suggesting a decline in speculative interest compared to earlier this year.
Meanwhile, HBAR continues to track Bitcoin’s performance with amplified volatility. As BTC flirts with the $100,000 level and sentiment shifts bullish, HBAR could either break through key resistance levels and rally toward $0.40—or face a deeper correction if technical support fails.
Low HBAR Futures Volume Points to Cooling Speculation
HBAR Futures volume is currently at $118 million, up from a recent low of $76 million on April 19—its lowest point in the last three months.
This follows a steady decline from much higher levels seen earlier in the year.
Notably, HBAR Futures open interest had peaked at $1.3 billion on March 1 but has not surpassed $300 million since April 12, signaling a significant drop in speculative activity around the token.
Hedera Futures refer to derivative contracts that allow traders to speculate on the future price of HBAR, the native token of the Hedera network. Both retail and institutional participants often use these contracts to hedge risk or take leveraged positions.
Futures volumes and open interest are key indicators of market sentiment and liquidity—higher volumes typically suggest stronger conviction or increased trading activity. At the same time, declining figures may reflect reduced interest or confidence in near-term price action.
The current lower levels suggest HBAR’s recent price movements may have been more influenced by spot demand than leveraged speculation.
Hedera’s High Correlation with BTC Could Drive Next Rally
HBAR has recently shown a high correlation with Bitcoin (BTC), often amplifying the moves of the broader crypto market leader.
When BTC rallies, HBAR tends to rise even more sharply; conversely, HBAR often experiences deeper pullbacks during corrections. This pattern reflects Hedera’s sensitivity to market sentiment and positioning as a higher-beta asset in the crypto space.
As a result, shifts in Bitcoin’s trajectory, especially during periods of strong momentum, can significantly influence HBAR’s price action.
BTC and HBAR Performance in the last 30 Days. Source: Messari.
With Bitcoin up 13% in the past 30 days and now sitting just 6.3% below the $100,000 mark, the next leg higher could have a strong spillover effect on HBAR.
On-chain data shows a recovery in BTC’s apparent demand, while institutional sentiment is gradually improving, with ETF inflows showing early signs of a rebound. If Bitcoin breaks above $100,000, HBAR could benefit from renewed capital inflows and rising market enthusiasm.
Given HBAR’s tendency to outperform BTC in bullish phases, a decisive Bitcoin breakout could be a powerful catalyst for a broader move in Hedera.
Key Levels to Watch as HBAR Faces Bullish Breakout or Death Cross
HBAR price faces a critical technical setup heading into May, with the potential for a sharp move in either direction. On the bullish side, if HBAR can attract strong buying pressure and establish a sustained uptrend, it could climb as much as 123% to reach $0.40.
To do so, the token must first break through a series of key resistance levels at $0.20, $0.258, $0.32, and $0.37—each of which has previously acted as a rejection point during past rallies.
A successful breakout through these levels could signal renewed momentum and broader market confidence in Hedera.
However, downside risks remain firmly in play. HBAR’s EMA lines show signs of an impending death cross—a bearish pattern in which the short-term average moves below the long-term average, indicating that a deeper correction may be ahead.
If this formation is confirmed, HBAR could first test support at $0.16. Failure to hold that level may lead to further losses toward $0.124, and in a more aggressive downtrend, prices could decline to $0.0053.
Bitcoin’s (BTC) market dominance has surged to 64%, reaching its highest level in over four years.
However, experts remain divided on what this means for the future. Some predict an impending altcoin season, and others caution that Bitcoin’s dominance could continue to suppress altcoins.
“Excluding stable coins, Bitcoin dominance is now at 69%,” Cowen revealed.
The rise in Bitcoin dominance has sparked debate among analysts about its implications for altcoins. Cowen believes there will be a correction or downward movement in altcoins before any substantial gains can be expected in the market. This implies that the altcoin season may not be imminent yet.
“I think ALT/ BTC pairs need to go down before they can go up,” he stated.
Nordin, founder of Nour Group, also expressed caution. He stressed that Bitcoin dominance is nearing the levels seen during the peak of the 2020 bear market.
“This isn’t just a BTC move. Its capital rotating out of alts,” he noted.
“Bitcoin dominance back to 64%. No Alt seasons in 2024 or 2025,” analyst, Alessandro Ottaviani, predicted.
On the other hand, analyst Mister Crypto predicts that Bitcoin’s dominance may follow a long-term descending triangle pattern. A descending triangle typically suggests bearish momentum, where the price or dominance gradually decreases as lower highs are formed.
However, this could prolong its market control before a broader correction allows altcoins to gain traction.
Another analyst mentioned that Bitcoin dominance is currently testing the resistance zone between 64% and 64.3%. Therefore, a possible retracement may be on the horizon. Should this retracement occur, altcoins could begin to gain traction, with some potentially emerging as top performers in the market as capital shifts away from Bitcoin.
“However, a breakout from this zone could mean further declines for alts,” the analyst remarked.
Finally, Junaid Dar, CEO of Bitwardinvest, offered a more optimistic view. According to Dar’s analysis, if Bitcoin’s dominance drops below 63.45%, it could trigger a strong upward movement in altcoins. This, he believes, would create an ideal opportunity to profit from altcoin positions.
“For now, alts are stuck. Just a matter of time,” Dar added.
Tether Dominance Signals Potential Altcoin Season
Meanwhile, many analysts believe that the trends in Tether dominance (USDT.D) signal a potential altcoin season. From a technical analysis standpoint, USDT.D has reached a resistance zone and may be due for a correction, suggesting the possibility of capital flowing from USDT into altcoins.
“The USDTD is in a rejection zone, as long as it does not close above 6.75% it will be favorable for the market,” a technical analyst wrote.
Another analyst also stressed that the USDT.D and USD Coin dominance (USDC.D) have reached resistance, forecasting an incoming altcoin season. Doğu Tekinoğlu drew similar conclusions by observing the combined chart of BTC.D, USDT.D, and USDC.D.
As Bitcoin’s dominance climbs, investors are closely monitoring these technical and on-chain signals. The interplay between Bitcoin’s strength and stablecoin dynamics could dictate whether altcoins stage a comeback this summer or face further consolidation. For now, Bitcoin’s grip on the market remains firm.
