Bitcoin price surged and has begun to accumulate, whereas Ethereum is displaying more strength comparatively. Many altcoins have begun to surge in such a scenario, including Pi Network, dogwifhat, and Pepe, which have attracted massive gains. Among them are some who may soon reach the $1 resistance, and a monthly close above this range could trigger a strong AltSeason.
Stacks (STX) is trading just below $1, while Optimism (OP), Artificial Superintelligence Alliance (FET), EOS (EOS), Core (CORE) and Cardano (ADA) are trading between $0.8 and $0.9. While Optimism is leading the race with over 40% weekly gains, the FET price has also surged by more than 22%. Although the Cardano (ADA) price has also attracted nearly 20% gains in the past seven days, the token may continue to struggle to reach $1. Here’s why!
The above chart shows the race between these five tokens to reach $1 at the earliest. Among them, the EOS price faced rejection just below $1 during the latest breakout, while the other tokens were restricted below $0.9. However, all the tokens seem to have been gearing up and consolidating within a bull flag, and hence a breakout from this range is expected to push the price above $1. However, the EOS price is facing a decent pullback from the local highs while the selling pressure continues to remain accumulated.
The global crypto market cap is rising, which suggests the cryptos are maintaining a healthy ascending trend. The growing optimism around the markets is expected to have a positive impact on these tokens. Hence, the Cardano (ADA) price is expected to reach $1 in May 2025 along with EOS, FET, OP and CORE.
