Bitcoin rebounds in April, some altcoins may hit all-time highs
Are you ready to ambush?
Bull market spot, don't know what to ambush, click the avatar to follow, see my pinned article,
My bull market strategy deployment is shared with all fans for free, it is real and effective.
April 2024 started badly, and we have not seen a parabolic rebound yet. The good news is that BTC has returned to the $69,000 mark. While some altcoins have achieved double-digit gains, 3 popular altcoins may break their historical records in a few weeks. So which altcoins are likely to reach ATH levels this month?
KuCoin (KCS)
The value of this altcoin has risen by about two times in 190 days, reaching a 52-week high of $16. After the last peak, the price returned to the starting point of the rise due to the lawsuit filed by the United States on February 22. It is currently looking for buyers at $10.33 and maintaining its psychological support level. If the price can recapture $10.95, a bottom rebound may begin.
In an optimistic scenario, the last peak and the subsequent $25 area may reappear. However, the loss of double-digit support may lead to a drop below $7.95.
Nervos Network (CKB)
With a market value approaching the billion-dollar mark, Nervos Network stands out among the assets this year. While giants such as ADA and XRP stagnate, CKB's price trend has risen 5.3 times in 2024, showing a major reversal. The altcoin found buyers at $0.020438, indicating the continuation of this trend and further rise.
With the strengthening of bull market expectations in April, CKB price may break through the 52-week high of $0.025 and reach $0.044. Of course, for these optimistic predictions to become a reality, demand for altcoins must continue and Wednesday’s inflation data (compared to the previous month) must be at lower levels. The Fed is increasingly talking about rate cuts ahead of the halving, which should boost risk appetite.
Akash Network (AKT)
On the weekly chart, the AKT coin price is once again targeting $6.5. At the time of writing, the price is testing the $4 support area and cannot lose the $3.86 critical area. The retest phase caused a 34% drop in just four weeks and now seems to have found a bottom.
A bounce from the bottom is common after such a massive sell-off, in which case AKT Coin could rise to $6.5 and $9.82.
