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ONDO SUI and WAL show resilience through strong support and bullish chart patterns
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Rising prices and falling volumes indicate bullish sentiment, but caution ahead
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DEEP is a market leader with a rising volume, but Token S indicates fundamental weakness
Monday, May 12, the crypto market began its week with a notable price movement. This weekly crypto outlook focuses on what to watch for across the full spectrum of important altcoins, while major players such as Solana hold their ground. We will look at the intraday performance of early market movers like ONDO, SUI and WAL.
This crypto watch extends to infrastructure coins HBAR and QUNT, assessing latest trends and chart structure. We will also focus on the underperformers including Token S to give a more rounded view of altcoins that are worth watching this week, May 12, 2025.
Mid-Cap Movers Fuel the Optimism Despite Volume Concerns
ONDO, which had fallen earlier, showed a late-day rally, rising 4.66% to reach $1.07. The $1.02 level was a strong support. Buyers stepped in twice to defend the mark.
The immediate resistance is around $1.10. However, a break above that could trigger the next leg up. ONDO’s $1.18B TVL, despite a drop in volume, reflects strong DeFi involvement and reinforces its price structure.
SUI also pushed 4.08% higher, settling at $4.14. The $3.95 price level served as a base, allowing the price to recover and move higher at midday. The volume dropped by over 21% but the liquidity ratio remained healthy at over 13%. This suggests that institutional interest remains intact.
WAL was also impressive, gaining almost 9% to reach $0.6708. It showed a textbook upward trend with higher highs, and a firm support near $0.615. The resistance at $0.685 may prove pivotal. Its low circulating supply may however affect its trajectory.
DeFi and Infrastructure Tokens Continue to Gain Ground
DEEP grew by over 7%, passing the $0.215 mark and then easing off slightly. The protocol’s volume is increasing, which is a stark contrast to many other protocols. This confirms the strength of the protocol’s breakout. Future emissions should be closely monitored with just over 30% of the protocol’s supply in circulation.
HBAR and QNT both showed modest but consistent gains on the infrastructure front. HBAR climbed up to $0.2130, after bouncing from $0.200. This maintained a healthy chart.
QNT briefly reached $101 before retracing a little, but still holding above its psychological support of $100. Both tokens showed lower trading volumes which could dampen momentum in the short term.
Related Top Altcoins To Watch As Tariff Uncertainty Lessens: ONDO, LINK HBAR QNT & PLUME
Caution flags up for underperformers like Token S
While most tokens rose, Token S suffered a loss of 3.32%.
Related Altseason will be led by $HBAR,$SUI,$SOL,$LINK, and $ONDO
The absence of market data, zero supply circulating, and unclear volume indicate weak fundamentals. Investor caution is warranted without a recovery in activity or liquidity.
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