Top Altcoins Likely to Reach All-time Highs in April
With Bitcoin's price edging closer to the $70,000 mark, the altcoin market is also gaining momentum. The overall sentiment is improving, especially with the anticipated Bitcoin Halving in April. As both Bitcoin and altcoins enjoy a bullish week, investors are eyeing potential altcoins that could achieve new all-time highs.
Let's delve into these promising altcoins:
AGIX - AI-Based Altcoin:
AGIX, an AI-focused cryptocurrency, is generating buzz amidst talks of top AI coins merging. It has seen a remarkable 35% increase in six consecutive bullish days from its $1 retest. Analyzing its 4-hour timeframe, a bullish reversal pattern is evident, with a neckline forming at $1.40. Currently, AGIX's price is challenging the upper Bollinger band and has surpassed the $1.35 mark. Sustaining above the 50% trend-based Fibonacci level suggests a potential surge to $1.70, marking a new all-time high.
PEPE, a meme token with a market capitalization of $3.23 billion, is among the top meme coins. Despite a 28% retracement from its peak of $0.00001083, PEPE has soared by 181% this month alone. Despite some sideways movement, PEPE demonstrates strong underlying demand, supported by higher highs and robust support at the $0.0000850 level. A breakout above $0.0000085 could propel PEPE's price to challenge the psychological barrier of $0.000010, possibly reaching $0.000015, indicating nearly a 100% increase.
Akash Network (AKT):
AKT has recently achieved an all-time high but is currently undergoing a pullback phase, presenting a buying opportunity. Despite the sell-off challenging key support levels, buyers are poised to reverse the trend polarity. The price dipped to $5 for a bullish breakout retest, leading to consolidation in the 4-hour timeframe. Observing trend-based Fibonacci levels, a reversal rally could drive the altcoin price to hit the 1.618 Fibonacci level at $8.94.
Conclusion:
As March concludes positively, April is expected to witness greater momentum in the crypto market. With anticipation for a potential bull run in AI and meme tokens, altcoins like AGIX, PEPE, and AKT could reach new all-time highs.
Source:Coinpedia
