Altcoins, VOC, Voice of Crypto
The entire crypto market is experiencing a surge, likely due to the upcoming Bitcoin halving on 20 April 2024.
ORDI is showing bullish signs and might attempt to break above the $71 resistance, potentially reaching $107.
Helium is trying to recapture the $7.7 level after a drop, with a potential 25% upside.
Fantom might break its 25-day moving average at $0.89, leading to a possible 36% rally.
Aave is trapped between an ascending trendline and its moving average, suggesting a potential breakout soon.
The upcoming Bitcoin halving on 20 April is only about two weeks away, and the entire market, for some reason has turned completely green.
Bitcoin, for example, is up by around 2% over the last day and is trading somewhat strongly above the $69,000 zone.
The general fear and greed index has declined somewhat to a greed figure of 75%, and the crypto market in general, is above the $2.5 trillion threshold.
From any standpoint, it is fairly easy to assume that this growth might spill over into the next week.
And because of this, we have compiled a list of five of the best altcoins to keep an eye out for in the coming week, for the best crypto returns as a trader or investor.
Let’s jump right in.
ORDI has come a long way from fighting for its life below $60 last week, to working on being stable around $70 at the time of writing.
ORDI’s current price
Data from CoinMarketCap shows that the cryptocurrency is trading at a massive 8% price increase in the last 24 hours, along with a current market price of $70.
In the charts, we can see a nice bit of recovery with ORDI, along with a nice rebound from $55.5 as shown below.
ORDI in the charts
We must also mention that a fairly strong resistance sits along the $71 - $72 zones, presenting some degree of work for the bulls.
If ORDI fails to break above this resistance, we might the cryptocurrency form a head-and-shoulders pattern, with a much higher probability of a break below $55.5 and a retest of $27.8.
However, the RSI shows that we are in bullish territory with ORDI, and we might just see this break and close above $71.
Keep an eye out for ORDI. If we do see this break, the next stop would likely be around $107.
Helium has been on a bullish roll, particularly in the last 24 hours before writing.
Helium’s price
According to data from CoinMarketCap, the cryptocurrency trades at around $6.2, is up by around 9.7% over the last day, and by around 1% over the last week.
This indicates that the growth of HNT is relatively new and that the volatility of the cryptocurrency is rising.
Helium in the charts
According to the charts, Helium lost its footing and fell below the $6.8 support in mid-March.
The cryptocurrency eventually hit the $5.24 support and was able to rebound from here.
What we are looking at in the charts, is Helium’s attempt to break above this ascending trendline once again.
We can expect a 25% move to the upside on the cryptocurrency, where it will be tested again at $7.7.
If Helium can cross this $7.7 hurdle, we can expect a rally and retest of the $11 local high.
In some strange coincidence, CoinMarketCap data shows that Fantom is up in the last 24 hours, and also down in the past week—by almost the same percentage.
Fantom’s price
The cryptocurrency trades at around $0.89 and is only a few hundred cents shy of the $1 mark.
In the charts, we can see a well-pronounced rebound from the $0.768 support, as well as an attempt at breaking the cryptocurrency’s 25-day moving average.
Fantom in the charts
This presents a valid point to keep an eye out for.
If we see a break and close above Fantom's 25-day moving average at around $0.89, we are bound to see the cryptocurrency rally further up and end up somewhere around its previous local high of $1.23.
This rally, if it happens, would present FTM with a 36% rally opportunity, or even higher.
Akash, like Fantom, is up on the daily, but down on the weekly timeframes.
Akash’s current price
According to data from CoinMarketCap, the cryptocurrency trades at around $4.25, is up by around 8.5% over the last 24 hours, but is down by 12% on the weekly timeframe.
Akash’s entry price
Akash's perfect entry price is different from the others, in that it isn't very visible at first glance.
However, the charts show that investors may have to wait a little longer, for an entry at around $3.36.
However, once this $3.36 support gets hit, Akash will be poised to double in price as it rallies straight up to around $6.5 or even higher, as illustrated above.
According to data from CoinMarketCap, Aave is up by around 3.5% over the last 24 hours, with a current price of around $120.
Aave’s price
According to the charts, Aave is currently trading on top of an ascending trendline as shown below, and is on the verge of breaking above its 25-day EMA.
Aave in the charts
Aave is now squeezed between this ascending trendline and the moving average, leading us to believe that the next bits of price action are set to happen fairly quickly.
If we see a break above this moving average for Aave around $121, it might set the stage for a rally to the $133 resistance, where the cryptocurrency might either reverse or forge ahead to $170.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.