As market participants wait for the April halving event to cause a massive surge in Bitcoin, smart investors are looking for high-potential altcoins. With a lower market cap and the ability to create a stir in the market, altcoins have an advantage over Bitcoin to fetch higher returns.
Thus, the demand for altcoins is increasing this April due to the possibility of bigger returns. To maximize gains, Coinpedia brings you a list of top altcoins that have a high chance of a massive surge this week. Moreover, the trend reversal conditions in these altcoins support the possibility of a massive bull run. So, let’s take a closer look at the price charts of these altcoins.
ORDI (ORDI)
With Bitcoin halving acting as a potential bullish catalyst, ordinals are likely to find new additions to the trend momentum. Among them, the ORDI price trend shows a high probability of trend continuation and a breakout rally.
In the daily price chart, the ORDI trend shows a triangle pattern with a bullish cycle starting from the baseline. Moreover, with today’s 13% surge, the altcoin is showing a potential breakout this week. With a potential recovery in the market-wide range this April, the ORDI price could reach the psychological mark of $100 in the coming week.
Ethena (ENA)
As a newly launched token with the support of Ethena Labs, the ENA token stands out in the altcoin space. ENA price trend is brewing a new rally as the new rally and the ongoing consolidation start to gain momentum again.
On the 1-hour chart, ENA price shows a bullish trend from the 50% Fibonacci level. The trend action also shows a potential inverted head and shoulders pattern as the neckline is slightly above the psychological mark of $1. 🐍qun秆崴:tq58956 🐳In case of a bullish breakout, the uptrend may lead to a long-term uptrend and may touch the $1.59 mark.
Singularity.NET (AGIX)
As AI tokens play the biggest role among altcoins with the support of credible use cases, they become the preferred interest of whales. Amid the increasing number of AI tokens, singularity.NET is an outstanding candidate with great potential.
On the daily chart, AGIX price trend shows an ascending triangle pattern with a solid support trendline.Currently, AGIX price is ready to break away from the trendline and start a new bull cycle. Also, according to the trend-based Fibonacci levels, the 50% Fibonacci level of $1.50 is the next resistance level. A potential reversal bounce could result in a breakout of the overhead resistance level.
Optimistically, AI Token could rebound sharply and reach the $2 mark.
