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May 2026 has opened with signs of strength in parts of the cryptocurrency market, as several altcoins—Dash, Ondo, and SkyAI—triggered bullish technical signals after clearing key levels.
On Monday, May 4, SkyAI (SKYAI) reached a local high of $0.68. The move follows a parabolic rally that began from the $0.03 area recorded in February 2026.
Technical analysis highlights the daily chart’s upward exponential curve acting as dynamic support. The Relative Strength Index (RSI) remains in bullish territory and, to date, has not shown negative divergences.
If momentum persists, projections based on the 1.618 Fibonacci extension suggest the price could move toward $4.56. Analysts also note a key risk: losing the support curve could expose lower levels near $0.21.
Dash (DASH) rose 23.73% at the start of the week, trading around $48.55. The advance enabled the token to challenge a downward trendline that had capped price action since November 2025.
Volume during the breakout was reported as the highest since early February. MACD indicators show a bullish crossover, supporting a short-term shift in trend structure.
Market commentary suggests that a sustained close above $51 would confirm the change, turning prior resistance into new support. The next supply target is identified at $54.45, aligned with the 0.5 Fibonacci level.
Ondo (ONDO) also broke out of a three-month accumulation range on Monday, May 4, trading near $0.30. Since February 2026, the token had been compressed between $0.245 and $0.295.
On-chain data cited in the report shows Ondo Finance revenues of $13.26 million in the first quarter of 2026, presented as fundamental support alongside the token’s technical breakout in the secondary market.
Chart levels discussed include a first major resistance zone at $0.36. Analyst DonWedge noted that the $0.29 area must now act as support to avoid invalidating the current bullish move.
The close of the first week of May is expected to depend on whether these assets can consolidate their breakout levels amid capital rotation toward artificial intelligence tokens and real-world assets.
