10x Research: Altcoin momentum is hindered by the 30-day moving average, with BNB and TRX being the best configurations currently

10x Research released a report stating that the momentum of altcoins is fading in the early stages, while Bitcoin still dominates, and trading volume has declined again. The upward momentum of altcoins is hindered by the 30-day moving average, failing to break through; if it falls below this moving average, long positions should be closed.

The report indicates that the best current positions are BNB (Grayscale ETF application, Coinbase roadmap, etc.) and TRX (Tron actively repurchasing treasury assets, Moscow Exchange launching the MOEXTRX index). Potential profit-taking may occur in: SUI (up 21% this week, CME futures launching on May 29, $143 million treasury staking), ONDO (up 18.4%, collaborating with JPMorgan and Ripple for the first tokenized treasury redemption, part of the infrastructure being built), TON (down 14%, due to security controversies and trust concerns triggered by the deletion of a well-known Telegram account). Avoid ETH, HYPE, TRUMP, MKR. HYPE dropped 9.9% after the ETF launch, a typical case of "buy the expectation, sell the fact."

The report also lists three major catalysts for this week: the hearing on the "Clarity Act," Powell's power transition to Waller, and CPI/PPI data.