Cheeky Crypto, a popular YouTube channel with 189,000+ subscribers, just dropped a detailed breakdown of five altcoins worth watching as May comes to a close. The video dives into what’s going on with Solana, Chainlink, Cardano, Avalanche, and Uniswap, touching on key price zones, recent news, and where these tokens could be heading next.
Each of these coins has something unique going on. From governance upgrades and legal battles to protocol launches and ecosystem growth, there’s a mix of momentum and risk in play.
Here are the altcoins driving the action on the charts.
1. Solana (SOL)
Solana has been climbing lately, from about $151 to $171 since late April, thanks in part to a $1.2 billion boost in DApp revenue. That’s a 20% jump quarter-over-quarter, and it’s kept the “Solana Summer” hype alive.
But not everything is clear skies. The delay in ETF approval until mid-2025 is still a weight on the price. Traders are watching $165 as key support. If SOL price stays above $175, a run to $190–$200 could be next.
2. Chainlink (LINK)
Chainlink price had a short-lived rally to $17 but has settled back near $15. What sparked the move? Its CCIP (Cross-Chain Interoperability Protocol) just went live on Solana, and that’s generating buzz.
The big question now is whether CCIP can actually bring in real fees. If LINK holds $14.50, bulls might try pushing toward $18. But if it breaks below, $12 could be back in sight. Volatility is high, think of it as “a toddler with spaghetti,” as the video joked.
3. Cardano (ADA)
Cardano is up around 7% this month, trading near $0.75 after starting closer to $0.69. It’s getting attention for CIP-1694, a big governance proposal that would let the community vote on-chain.
Still, if market liquidity dries up, ADA price could dip fast. Holding $0.70 is key. If it breaks that, $0.62 could come into play. But if bulls hold the line, a push to $0.85 or even $0.90 isn’t off the table.
4. Avalanche (AVAX)
Avalanche has been quieter, gaining just 3% this month. But behind the scenes, there’s action: Wall Street pilots are testing its Evergreen subnets, and gaming brands like TSM are jumping in.
The chart looks clean. AVAX price needs to hold above $22 to stay in the game. If it picks up volume, $26 and then $30 are realistic targets. If not, a drop below $20 could flip the momentum to bearish.
5. Uniswap (UNI)
Uniswap had a flat month, starting around $6.30 and now sitting under $6. What’s weighing it down? A lawsuit from Bancor over AMM patents is creating some uncertainty.
Despite that, Uniswap treasury is strong, with $95 million in cash and $15.8 million in UNI tokens. If UNI price breaks above $6.50, it could aim for $7.80. But if it dips under $5.50, it might drift toward $5.
The video wrapped with a reminder that these altcoins aren’t moving in a vacuum. ETF delays, on-chain governance changes, TradFi adoption, and even patent fights are all part of the picture.
May 31 could be a turning point, especially with institutional rebalancing in focus. Until then, the advice is simple: set price alerts, keep some stablecoins ready, and don’t go all-in on one narrative. Spread out your bets and stay nimble.
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