Market Breakout! What’s Next for ALGO, HBAR, ADA, XRP, XLM, and LINK? AllinCrypto May 9, 2025
- Bitcoin is over $102,000, confirming macro bullish momentum.
- All 6 altcoins we highlighted in falling wedge setups have now broken out.
- The altcoin season appears to be gaining traction as BTC dominance dips.
- Fundamentals + TA = powerful upside potential for ALGO, HBAR, ADA, XRP, XLM, and LINK.
Just weeks ago, the charts were suggesting the possibility of something significant happening as six major cryptocurrencies — Algorand (ALGO), Hedera (HBAR), Cardano (ADA), XRP, Stellar (XLM), and Chainlink (LINK) — were all forming the classic falling wedge bullish technical pattern that has a history of explosive price lifts.
Well today, those wedges have popped upward, and the entire market is off to the races. Bitcoin is now trading above $100,000 and many altcoins are suddenly blasting off after a couple of months of sideways price action. Not only is this a confirmation of the technicals it may be the start of a massive altcoin season.
Let’s unpack what has happened, how the six coins are performing, and what may happen next in this rapidly developing crypto cycle.
At a Glance: Market Summary
| Coin | Current Price (Approx) | 24h Gain | Pattern Status | Next Resistance Levels |
|---|---|---|---|---|
| ALGO | $0.237 | +11.9% | Breakout confirmed | $0.29 – $0.31 |
| HBAR | $0.204 | +9.7% | Wedge broken | $0.22 – $0.25 |
| ADA | $0.796 | +10.4% | ADA vs USD Dominance broken | $0.90 – $1.10 |
| XRP | $2.41 | +9.0% | Long wedge breakout | $2.80 – $3.00 |
| XLM | $0.304 | +10.7% | Mirror of XRP | $0.35 – $0.40 |
| LINK | $16.33 | +9.6% | Wedge + breakout | $18 – $20 |
Coin-by-Coin Price Analysis
1) Hedera (HBAR)
Current Price: ~$0.225
- Current Price: $0.204
- 24h Change: +9.66%
- Breakout Status: Wedge has broken and rallying.
- Resistance Zones: $0.22 – $0.25
Price Analysis:
Hedera has broken out of its falling wedge pattern convincingly and confirmed a trend reversal that had been taking pace over the last 3 months. The breakout was spiky and on rising volume and moved HBAR above $0.20. This has both psychological and technical significance as $0.20 represented a “huge” resistance level during prior rallies.
Why It Matters: Hedera has the credibility with large enterprise partners such as Google, IBM, and Dell. The recent integration into ESG reporting and ongoing usage of Hedera for tokenizing carbon credits could propel it to be a leader in sustainable blockchain applications in the future.
What’s Next: The next zone to watch is $0.22 – $0.25. If it passes through strength above this range, we could see an extended move toward $0.30 + depending on Bitcoin dominance continuing to fall.
2) Algorand (ALGO)
- Current Price: $0.237
- 24h Change: +11.9%
- Breakout Status: Wedge breakout confirmed
- Resistance Targets: $0.29 – $0.31
Price Analysis
ALGO has finally gotten out of a long consolidation as we now see a typical falling wedge breakout. ALGO has bottomed around $0.17 during this consolidation, and has broken resistance at $0.22. This breakout comes right off of a period of silent accumulation of ALGO, indicating that the strong hands are in control of this market.
Why It Matters: Algorand has a deep network of integrations with global institutional initiatives, which includes central bank digital currency program pilots. We are also starting to see that Algorand is gaining traction in DeFi and tokenized real estate use cases.
What’s Next: Now that ALGO is sitting on top of $0.24 for support, it should attempt a again break $0.29, which was the high in February. After $0.29 we would look for $0.31 to be a breakout confirmation that could start a rally for a multi-month period.
3) Cardano (ADA)
- Current Price: $0.796
- 24H Change: +10.4%
- Breakout Status: ADA vs USD Dominance
- Resistance Study: $0.90 – $1.10
Price Analysis:
Cardano is beginning to show bullish strength. This token is finally gaining some strength with higher highs and higher lows, confirming the bullish reversal.
Why it Matters: The current ongoing work with scalability (Hydra), interoperability (Mithril), and privacy (Midnight) can make it a serious competitor in the next phase of blockchain infrastructure. Additionally, developer activity is increasing, and TVL for DeFi continues to grow.
What’s Next: With a clear run to $0.90, a breakout above $1.00 places ADA back in the discussion for one of the top Layer-1 platforms. Watch the $1.10 region – this is an important inflection point in the longer term chart.
4) Ripple (XRP)
- Current Price: $2.41
- 24h Change: +9.05%
- Breakout Status: Long wedge breakout with follow-through
- Resistance Targets: $2.80 – $3.00
Price Analysis:
XRP has exploded from its multi-month wedge with serious momentum over the last 24 hours. After years of legal headwinds, the token is now beginning to regain attention as one of the only regulatory clear digital assets in the U.S.
Why It Matters: Ripple’s ongoing expansion into Asia, relationships with Central banks, and dominance in the cross-border payment space are now building very powerful foundational elements for XRP. The breakout is showing renewed confidence from investors that XRP’s use case is indeed real and expanding.
What’s Next: Expect significant resistance at $2.80 – $3.00, where many retail traders may look to take profit. However, if it can close above that weekly close, this could set XRP up for a parabolic move into its all-time high area.
5) Stellar Lumens (XLM)
- Current Price: $0.304
- 24h Change: +10.7%
- Breakout Status: Mirror of XRP, breakout confirmed
- Resistance Targets: $0.35 – $0.40
Price Analysis:
XLM has followed a similar structure as XRP over the last several months and the breakout was perfectly timed. The significant volume confirmed the breakout above $0.28, the next major hurdle is around $0.35 which previously capped other rallies and is the top of its wedge structure.
Why It Matters: Stellar continues to serve the unbanked population, having partnered with MoneyGram and USDC. Stellar is also being considered for blockchain-based aid mechanism(s) which may yield real-world traction as global stablecoin adoption grows.
What’s Next: If XLM manages to maintain above $0.30, bulls will target $0.35. Successful breakout and close above $0.40 could signal a mid-cycle change in trend and open the door for additional upside toward $0.47–$0.50.
6) Chainlink (LINK)
- Current Price: $16.33
- 24-hour Change: +9.6%
- Breakout Status: Wedge breakout with momentum
- Resistance Targets: $18 – $20
Price Analysis:
Chainlink is finally getting some recognition as LINK has broken out of the wedge formation we’ve been stuck in for months. LINK cleanedly broke the wedge up towards the $18 level, a key area of resistance due to previous rejections during three rally attempts.
Why it matters: Chainlink is the leading oracle provider, and is still one of the most important pieces of DeFi, tokenization of assets, and data feeds across the blockchain ecosystem. The growth of CCIP (Cross-Chain Interoperability Protocol) positions LINK as critical infrastructure in a multi-chain world.
What’s next? If LINK flips $18 into support, $20 would be the next area of resistance. If it can clear $20, we should see a fast move toward $24-26, especially if RWA and DeFi narratives continue to heat up.
The Rally May Be Just Starting
The falling wedge breakouts we identified are no longer conjecture “they are happening, and the market is showing up.” If bitcoin continues to cling onto $100K and altcoins are reclaiming key levels… this could be the beginning of a new leg in the crypto bull cycle.
For investors and traders: stay alert! Patterns are developing. Narratives are coming together. It is getting busier.
These six projects, Algorand, Hedera, Cardano, XRP, Stellar, Chainlink, are not merely technically poised; they are relevant in the real world and possess long-term ecosystems to drive their growth. These assets deserve your attention in 2025, regardless of Swing Trading or Holding.
What is a falling wedge pattern in crypto?
A falling wedge is a bullish technical pattern, which occurs when price begins to form lower highs, as well as lower lows all that are constrained within converging trendlines. A falling wedge can signal a weakening bias in bearish momentum, and characteristically forms before a breakout back to the upside, particularly with strong fundamental projects
Why are Algorand, Hedera, and Cardano breaking out now?
These coins have been constructing falling wedge patterns for weeks, and their breakouts are occurring in coordination with Bitcoin’s advancement above $100K. This technical breakout is occurring alongside a significant improvement in sentiment, institutional interest, and adoption across each respective ecosystem.
Is it altcoin season now?
Many analysts believe we are officially entering a new altcoin season, particularly when we factor in Bitcoin dominance, and the money that is rotating into Layer-1s, oracles, and DeFi-related coins. The strong price action on ADA, LINK, HBAR, and XLM is further evidence of this thought process.
Are these coins a good investment here?
The technical breakouts are promising, and these projects have solid fundamentals. However, crypto markets are also very volatile and can correct very quickly. As always, please do your homework and risk management before entering or adding to positions. We are not a finiacial advisors
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