TL;DR:
- SkyAI recorded a 358% increase over a seven-day period, reaching a local high near $0.68 on May 4, 2026.
- Dash broke a six-month downward trendline following a 23.73% daily rally, placing its price around $48.55.
- Ondo Finance broke out of a three-month accumulation range with rising trading volume and a total value locked of $3.58 billion.
May 2026 begins in the cryptocurrency market with signs of strength in specific assets. So far, the best altcoins—Dash, Ondo, and SkyAI—have activated bullish triggers after overcoming critical technical levels.
SkyAI technical setup and Fibonacci targets
On Monday, May 4, the asset SkyAI (SKYAI) reached a local high of $0.68. This movement represents the culmination of a parabolic rally that began from the $0.03 levels recorded in February of this year.
The daily chart reveals that the upward exponential curve is acting as dynamic support for the price. The Relative Strength Index (RSI) remains in bullish territory without showing negative divergences to date.
If the current momentum holds, projections based on the 1.618 Fibonacci extension suggest the price could head toward $4.56. However, technical reports from analysts on X, such as cryptoknight890, warn that losing the support curve would expose lower levels near $0.21.
Dash breaks a six-month downtrend
On the other hand, Dash (DASH) experienced a 23.73% advance at the beginning of the week, trading at $48.55. This move allowed the asset to challenge a downward trendline that had capped its price since November 2025.
The volume recorded during this breakout is the highest seen since early February. MACD indicators show a recent bullish crossover, reinforcing the trend-change structure in the short term.
According to market analysis, a sustained close above $51 could validate the transformation of the former resistance into a new support level. The next supply target is identified at $54.45, corresponding to the 0.5 Fibonacci level.
Evolution of Ondo Finance and the RWA sector
Finally, Ondo (ONDO) managed to break out of a three-month accumulation range this Monday, May 4, positioning itself near $0.30. The asset had remained compressed between $0.245 and $0.295 since February 2026.
On-chain data indicates that Ondo Finance reported revenues of $13.26 million during the first quarter of 2026. These fundamental figures accompany the token’s technical breakout in the secondary market.
Furthermore, chart data suggests the first major resistance zone is located at $0.36. In this regard, analyst DonWedge points out that the $0.29 zone must now act as support to avoid invalidating the current bullish movement.
The close of this first week of May will be conditioned by these assets’ ability to consolidate their breakout levels against the rotation of capital toward artificial intelligence tokens and real-world assets.
