In the rapidly evolving cryptocurrency landscape, altcoins have continued to capture attention across various blockchain networks, including those that are less recognized. Among these, the Kaia Network has emerged as a notable example, experiencing a substantial increase in user activity during April. According to data from Dune Analytics, the total monthly active users on the Kaia Network reached a peak of 22.63 million in April, representing an addition of 8 million users compared to the previous month.

BeInCrypto conducted an analysis of three prominent altcoins on the Kaia Network, focusing on their performance leading into May. These altcoins are GRND, KLEVA, and MBX, each demonstrating distinct patterns and potential for growth.

GRND, one of the highlighted altcoins, has seen a significant 31% increase this month. Despite this progress, GRND remains below the threshold needed to recoup losses incurred at the end of March. Currently trading above the critical support level of $0.0568, GRND exhibits signs of positive momentum. Maintaining its position above this support level is essential for GRND to sustain its upward trend. If successful, GRND may advance towards the next resistance level at $0.0627, potentially leading to a recovery of recent losses and a subsequent rise towards the key target of $0.0696.

Conversely, should GRND fail to uphold the $0.0568 support level, the bullish scenario might be jeopardized. A break below this level could result in a downward movement towards $0.0494, negating much of the recent gains and indicating a possible shift in market sentiment.

KLEVA, another altcoin under scrutiny, has exhibited mixed price movements. Initially surging by 119% at the start of the previous week, it later experienced a 33% decline within the last 48 hours. This volatility underscores the uncertainty surrounding market sentiment, leaving the future direction uncertain. The recent downturn has caused KLEVA's value to drop from $0.125 to $0.083, yet it remains above the pivotal $0.081 support level. Should KLEVA rebound from this support, it may attempt to regain ground by overcoming the $0.092 resistance level. Achieving this could indicate a potential upward rally.

On the other hand, if KLEVA cannot sustain the $0.081 support level, the bearish outlook might intensify. A breakdown below this level could precipitate a decline towards $0.063, diminishing the recent gains and invalidating the bullish thesis, which could raise concerns about a prolonged downtrend.

MBX, the third altcoin reviewed, has witnessed a 15% increase over the past ten days, swiftly recuperating losses from the end of March. As MBX approaches $0.20, it is anticipated to retain its upward momentum. This enhancement suggests that MBX is poised to continue its uptrend, possibly encountering new resistance levels in the near future.

Presently trading above the crucial support level of $0.189, MBX is strategically positioned to advance towards the next major resistance at $0.21. Breaking through this resistance would enable MBX to recover losses from the end of March, reinforcing the current bullish sentiment and drawing additional investor attention.

Nevertheless, the bullish outlook could be undermined if MBX fails to maintain its position above the $0.189 support level. A decline below this level might trigger a downturn, with potential falls to $0.177 or even $0.160. Such a development would weaken the current uptrend and signal a transition towards bearish market sentiment for MBX.

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