The phrase ‘sell in May and go away’ has long migrated from Wall Street to crypto and usually hints at a sluggish summer and pullbacks. But this year, the picture may turn out differently.
Chainlink, Ethereum, Kaspa, Sui and NEAR have spent the past few months in a prolonged accumulation phase with low volatility. Now all five assets have reached levels where movement may begin, and each has its own trigger for May that could spark a move.
Chainlink (LINK) Compresses Inside an Ascending Triangle
Chainlink (LINK) is now trading around $9.13 after pulling back from a local peak near $31 in August 2025. The weekly chart shows a prolonged accumulation phase that began back in January 2026. The key support zone is in the range of $5.50–$7.50.
The nearest resistance above is around $13, and the next seller zone is about $17–$18. RSI on the weekly chart bounced off the bottom at the start of the year and is gradually returning to the 50 level. The BBWP indicator shows volatility compression, which usually precedes a strong move.
LINK weekly chart. Source: TradingView
Looking at the daily timeframe, since February LINK has been forming an ascending triangle. The price is holding on a rising trendline from the $7 level and is hitting horizontal resistance around $10.
A breakout above $10 opens the way to a target near $11.92, which is marked on the chart as the main bullish target. If the price loses trend support, the next level could be $8, and if pressure increases, about $6.80.
Volumes on the daily chart are gradually declining along with BBWP, which usually indicates accumulation before a move. RSI is holding near 50, confirming the market’s neutral sentiment.
LINK on the daily chart. Source: TradingView
The main fundamental driver for May is the partnership with OpenAssets, announced in April. The deal means tokenization flows from ICE, Tether, Fanatics and Mysten Labs will go through Chainlink oracles.
This is further strengthened by the launch of CCIP v1.5 on the mainnet and a buyback program for $644 million. All of this supports the narrative around real-world assets, especially if the triangle on the chart breaks upward.
Ethereum (ETH) Holds $2,200 Within the Daily Channel
Ethereum (ETH) is trading around $2,265 after a sharp correction from the all-time high of $4,956, recorded in August 2025. On the weekly chart, the bottom formed on February 2 at $1,748, after which the price was able to reclaim the support zone around $2,200.
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The nearest serious resistance above is at $2,701. A stronger supply zone is in the range of $3,400–$3,600. If the price falls below $2,200, the next target will be the ascending trendline around $1,600, coming from the cycle lows.
RSI on the weekly chart is gradually returning to neutral values, and BBWP continues to show volatility compression. Both signals point to accumulation before a stronger move.
ETH dynamics on the weekly chart. Source: TradingView
On the daily timeframe, ETH has been moving inside an ascending channel since the February bottom. Now the price is holding near the 0.382 Fibonacci level, around $2,264, with channel support nearby, in the $2,200 zone.
The key short-term resistance is at $2,400, where a selling zone previously formed. If the price falls below the 0.618 level (about $2,140), this will weaken the bullish scenario and reopen the way to $2,000.
Volumes on the daily chart are declining, BBWP remains at low levels, and RSI is below the descending trendline near 50. Volatility compression continues and points to an imminent move.
ETH on the daily chart. Source: TradingView
The key driver remains the delayed effect of the Fusaka upgrade, which was activated on December 3, 2025. The upgrade increased the volume of blob data from 6 to 48 per block and raised the gas limit to 150 million.
After that, fees on layer-two networks dropped significantly, which revived activity in DeFi. An additional factor could be the next Glamsterdam upgrade, tentatively scheduled for mid-2026, which could strengthen this trend.
Kaspa (KAS) Forms a Long-Term Descending Wedge
Kaspa (KAS) is now trading around $0.0325 after a deep drop from 2024 peaks above $0.20. The weekly chart has formed a descending wedge, within which the price has been compressing since the end of 2024.
Such structures most often break upward. If confirmed, the nearest target will be $0.054, followed by a zone around $0.075. The main support is around $0.030, which has held the price since January 2026.
Weekly volumes are declining, BBWP continues to show low volatility. RSI has already broken its descending trendline and is now testing it from above as support.
KAS on the weekly chart. Source: TradingView
The key driver here is the Toccata hard fork, which is scheduled to launch on the mainnet between June 5 and 20, 2026. The update will add native KRC-20 tokens, programmable covenants via the Silverscript compiler, and zero-knowledge support at the base layer.
Usually, before such upgrades, the market starts accumulating in advance. That’s why May looks like the most convenient window, while expectations are not yet fully priced in.
Sui (SUI) Tests the Lower Boundary of the Annual Range
Sui (SUI) is now trading around $0.91 after a sharp drop from 2025 highs above $5.30. Throughout 2026, the price has essentially remained around $0.90, holding at the same support zone.
A breakdown below opens the way for a deeper correction — down to the 1.0 Fibonacci level around $0.355. If support holds, the structure will start to turn upward, and the first target will be the 0.786 level near $1.43.
Next in the scenario is the $2.27 zone (0.618 level), which forms the key target if growth develops. At the same time, BBWP shows volatility compression, and RSI on the weekly chart remains near oversold and has not yet given a clear reversal signal.
SUI dynamics on the weekly chart. Source: TradingView
The key driver here falls right in the trading window. On May 4, 2026, CME Group launches regulated futures on SUI, opening access for institutional players.
Additional demand pressure is increased by the application to launch Grayscale Sui Trust (S-1) and the launch of 2x SUI ETF by 21Shares. All this supports demand for the asset throughout May.
NEAR Protocol (NEAR) Approaches Key Resistance of Several Years
NEAR is now trading around $1.30 after a long consolidation within its long-term support zone. The price is gradually compressing under a descending trendline stretching from the 2022 peak near $20 through the lower high of 2024.
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A confident breakout of this line will open the way to the first target around $3.30, which is the intersection of support and resistance levels. The next target is closer to $8, where a double top formed in March and December 2024.
BBWP indicates low volatility, and RSI on the weekly chart is testing its own descending trendline. Usually, breaking it signals a stronger move.
NEAR weekly chart. Source: TradingView
The main idea around NEAR now is the transition to a user-owned AI model, as discussed in Messari research.
The 2026 roadmap focuses on scaling to one million transactions per second and developing AI-Intents. Already launched products, including IronClaw, NEAR AI Cloud and the GPU marketplace with TEE protection, cover more than 100 million users.
Additional growth factors may include spot ETF applications for NEAR from Grayscale and Bitwise, which remain a potential trigger for upward movement.
Why These Altcoin Setups Matter Ahead of May 2026
All charts now show the same picture. Price is compressing, volumes are declining, BBWP indicates low volatility. RSI in each case is either forming a bottom or hitting key trendlines.
And importantly, all these assets have triggers converging in time. Such coincidence is rare for altcoins.
Whether the classic ‘sell in May’ rule works will largely depend on macroeconomics. If bitcoin continues to consolidate and Fed policy eases, May could become a turning point that traders have been watching for a long time.
If macro starts to put pressure, the same compressed structures may break down and confirm the usual seasonal scenario.
