TL;DR:
- Analyst Michaël van de Poppe confirmed that the correlation between alternative cryptocurrencies and Bitcoin remains extremely high.
- The Renzo token recorded a 150% rally from its local lows before its recent market stabilization.
- Trading metrics indicate that if Bitcoin registers a 3% to 4% drop, altcoins could decline between 15% and 25%.
During Monday’s session, the market report on the best altcoins for this week of May by renowned crypto analyst Michaël van de Poppe was released. The analyst’s assessment details the current volatility conditions and the lack of solid conviction across most alternative currencies.
I made a mistake in my Altcoin portfolio this week.
— Michaël van de Poppe (@CryptoMichNL) May 17, 2026
This week we've clearly seen that there's just no conviction in the altcoin markets.
They run up alongside Bitcoin, but the moment Bitcoin calms down, you'll start to see that there's a lot of downwards momentum in those… pic.twitter.com/IutgYJHeti
Investment strategies and asset selection analyzed
The crypto market’s behavior over the last few days made it clear that most altcoins continue to dance to Bitcoin’s tune. According to Michaël van de Poppe’s report, the moment the pioneer cryptocurrency slows its pace or experiences a slight correction, the rest of the market usually suffers much deeper declines. The specialist admitted to making a mistake by rotating capital between different assets prematurely during the latest period of volatility. The data suggests that a patient and selective stance presents itself as the preferable option while Bitcoin remains near its local highs.
With the goal of reducing direct correlation within investment portfolios, the analyst pointed to Hyperliquid (HYPE) as one of the strongest opportunities of the week. Its recent historical performance shows a differentiated market behavior relative to Bitcoin, which could facilitate a more attractive positioning during times of high uncertainty.
Van de Poppe incorporated Wormhole (W) into his portfolio in the $0.0160 region after withdrawing a portion of his capital from Renzo (REZ). Although the expert described this buy movement as an aggressive strategy, his projections suggest an optimistic scenario for Wormhole’s long-term structure following the latest general price pullback.
Regarding Renzo, the analysis indicates that the project still retains considerable intrinsic value. However, after experiencing a 150% advance from its lows, MN Trading Capital’s recommendation points to focusing on buying dips rather than chasing price strength in full ascent.
The asset to avoid and technical risk management
On the flip side of the coin, the cryptocurrency Optimism (OP) was flagged as an asset to stay away from during the upcoming trading sessions. Data from the analytics firm indicates that assets already experiencing vertical gains for several consecutive weeks could face serious difficulties if Bitcoin initiates a new structural correction. For this reason, the analyst believes that opening aggressive buy positions in OP raises risk levels unnecessarily at this time.
The high market correlation implies that a minor 3% to 4% decline in Bitcoin could easily translate into 15% to 25% drops for the rest of the tokens. According to Van de Poppe’s perspective, the current optimal strategy consists of safeguarding larger positions in cash while waiting for better tactical entry points.
Market milestones to watch
According to the technical patterns analyzed by the expert, the development of the current correction could be drawing to a close. Market operators are now focusing their attention on Bitcoin’s upcoming weekly close above the key $76,000 support to validate the stability of the quotes.
