Altcoins Poised for Comeback as Crypto Traders Shake Off Bear Market Blues

After months of sideways action, altcoin markets show signs of life—just as Wall Street ’experts’ finish publishing their ’crypto is dead’ thinkpieces.

Key indicators flash green: Trading volumes spike 40% week-over-week while BTC dominance slips below 45%. Ethereum leads the charge with Layer 2 solutions finally delivering on their throughput promises.

Memecoins defy logic (again): DOGE and SHIB outperform major tech stocks year-to-date, because apparently fundamentals are so 2023.

The real story? Developers. Over 18,000 active repos across top 50 projects suggest this rally might have legs—unlike last year’s vaporware pumps.

Caution remains: With the SEC still treating crypto like a piñata and Tether’s reserves about as transparent as a Swiss bank vault, this party could end abruptly. But for now? The degens are back in town.

Shiba Coin and Solana (SOL)

traders eagerly anticipate the return of bullish days that seem to have been forgotten amidst prolonged market downturns. The current market has experienced one of the longest altcoin bear markets in history, with little more than temporary price spikes since its onset. This situation persists even in an environment where the U.S. is undergoing a crypto-friendly transition.

What is causing this delay? Certainly, the anticipated rise has been hindered by tariffs that are significantly larger than expected and Trump’s persistent and forceful remarks since April 2. Yet, the tide is turning, and an official trade agreement is expected to be signed soon. Additionally, the U.S. has expressed willingness to engage in further discussions with China.

Assuming we’ll hear more positive news in May, how might Shiba Coin perform before the anticipated interest rate cuts begin after June’s lengthy pause? The price is expected to break the threshold of 0.0000152 dollars for the second time. Following this, Shiba Coin may reclaim the 0.0000169 dollar support and likely target the peak at 0.0000241 dollars.

In a contrary scenario, investors face little to fear; we could see new lows down to 0.00001053 dollars.

, if May sees a rise, we anticipate closing prices above 158 dollars. Convincing closes above this level will signify confidence in a larger rally that targets 300 dollars. A normal upward movement may see the price test the 182-188 dollar range, and if the 202-205 dollar area turns into support again, it could pave the way for significant rallies in both Solana and the broader ecosystem.

Chiliz (CHZ)

As leagues finish,still falls short of expectations. It remains unmatched in the fan token space, but it is not 2021 any longer, and crypto investors have faced considerable disillusionment over the years. Should we witness a prolonged bull market, we hope Socios will announce the major news that has been anticipated, allowing prices to potentially revisit 2021 levels. For now, CHZ remains in an oversold condition.

, CHZ could test 0.07 dollars, turning this zone into support, which would then target the thresholds of 0.08477 and 0.096 dollars. Conversely, the price remains close to its lows.