Top 5 cryptocurrencies to consider for investment in April, according to a well-known analyst, Rekt Capital.
Anticipated halving events for Bitcoin and Bitcoin Cash are expected to fuel a significant market surge.
The current bullish market presents a favorable opportunity to capitalize on profits in various alternative cryptocurrencies.
The cryptocurrency market is experiencing a surge in this bullish market, with investors eagerly anticipating the Bitcoin halving event following the recent approval of spot Bitcoin exchange-traded funds (ETF) by the U.S. SEC. Based on the analysis of a well-known expert, here are the top cryptocurrencies to consider investing in for the month of April. The prices showed a strong rally and closed at a high in March, indicating potential opportunities.
Exciting News: Bullish Breakout for Top Crypto
1. Solana (SOL)
Renowned analyst Rekt Capital has highlighted the promising development of a ‘Bull Flag’ pattern on Solana’s weekly timeframe. Given the current bull pattern formation, there is a strong possibility that the SOL price will reach a new all-time high in the near future, even within this month.
The SOL price managed to successfully retest the lower range of $173-$175 before bouncing back and trading above the $200 level. The $173 level has become a crucial support for Solana.
The price of SOL has experienced a significant increase of 7% in just one week and an impressive surge of over 45% in the span of a month. The current trading price is $197, with a 24-hour low of $194.29 and a high of $204.18. In addition, the trading volume remains consistently high due to the recent surge in meme coins and increased interest from traders.
2. Dogecoin (DOGE)
Analysts closely monitored the price rally of Dogecoin in March, looking for a bullish monthly candle close. Dogecoin successfully closed above the $0.20 mark, with new support indicating potential gains towards the $0.30 milestone.
Rekt Capital also observed a positive monthly candle close by Dogecoin in the monthly timeframe. DOGE has surged significantly in February and March, and investors anticipate a positive conclusion for the leading meme coin in April as well.
The price of DOGE experienced a 1% surge over the past 24 hours, driven by a notable uptick in trading volume. The cost of Dogecoin has experienced a significant surge, increasing by over 20% in just one week and a staggering 70% in the span of a month. Currently, the trading price stands at $0.207.
3. Bitcoin Cash (BCH)
According to Rekt Capital, Bitcoin Cash has achieved a significant milestone. The statement followed BCH’s price closing the month above a multi-year downtrend for the first time since late 2017. He stated that the macro downtrend for Bitcoin Cash has come to an end.
The Bitcoin halving event has garnered much attention, overshadowing the Bitcoin Cash halving. The BCH halving is scheduled to take place at block height 840,000 on April 3, around 1:00 UTC. The current block reward stands at 6.25 BCH, while the upcoming block reward will be reduced to 3.125 BCH.
The price of BCH has experienced a significant 12% increase in the last 24 hours, currently trading at $664.62. The 24-hour low and high prices stand at $594.89 and $700.30, respectively. In addition, there has been a significant surge in trading volume, with an increase of over 280% in the past 24 hours. Bitcoin Cash has experienced a substantial surge of over 40% in just one week.
4. Bitcoin
Analysts have projected a target price of at least $80K following the Bitcoin halving, with further expectations of reaching $120K by the end of the year. The Bitcoin block halving event is scheduled to occur at block height 840,000 on April 20 around 07:30 UTC. With the block reward set to decrease from 6.25 BTC to 3.125 BTC, we can expect the BTC price to receive a boost as a result of the supply-demand dynamics.
Bitcoin achieved a significant milestone, marking a historic moment with its first monthly candle close above the previous all-time high of $69,000. Additionally, Bitcoin has successfully broken out above the weekly range, showcasing a steady increase in investments in spot Bitcoin ETFs.
Rekt Capital has predicted the BTC price, suggesting that it may need to experience a dip into the range of $69,032 in order to establish it as a new support level. This would then pave the way for further upward movement towards new all-time highs.
The price of BTC has experienced a significant increase of 4% in just one week and an impressive 12% in the span of a month. Currently, the price is trading at $69,535—the 24-hour low and high stand at $68,986 and $71,377, respectively.
5. Litecoin (LTC)
Litecoin also achieved a monthly close above the long-standing downtrend. Rekt Capital reports that the downtrend persisting since April 2021 has finally been broken.
Given the recent shift in the macroeconomic landscape, it is reasonable to anticipate that the price of LTC will surpass $150 in April. The LTC price has surged by over 22% after successfully retesting its multi-year Macro Downtrend as a new support level.
The price of LTC has experienced a significant increase, rising by 17% in just one week and over 24% in the span of a month. Currently, the price is trading at $104.73. The 24-hour low and high are $101.73 and $112.32, respectively. In addition, there has been a significant 132% increase in trading volume over the past 24 hours.
