May is witnessing active growth in the cryptocurrency market, particularly with tokens BONK and SEI. Technical analysis points to positive signals, while BlockDAG introduces initiatives to attract traders.
BONK Technical Analysis: Rapid Growth and Optimism Signals
BONK's technical analysis shows a significant recovery after a long period of stagnation. After a month of decline, the token surged 67% in just one week, overcoming key moving average levels for the first time since late 2024. Traders are now focusing on the new resistance level at $0.00002411.
SEI Tests Resistance with Bullish Momentum
SEI's price has sharply increased, reaching the $0.22 zone. However, the RSI on the 1-hour chart indicates overbought conditions, suggesting a potential small pullback. Analysts noted a clear five-wave pattern that could drive SEI to $0.2495 in the short term.
BlockDAG Initiatives: Purchase Contests and Token Distribution
BlockDAG is launching unique purchase contests where 25 million BDAG tokens will be distributed daily. This initiative is attracting traders, as buyers can earn significant prizes. To date, the total funds raised exceed $225 million, making BlockDAG a notable player in the market.
May brings new opportunities for traders in the cryptocurrency world. The technical features of BONK and SEI create an optimistic atmosphere, while BlockDAG's initiatives draw attention with unique offerings.
