The Top 3 Altcoins To Look Out For During The Month Of April By Coin Edition

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The Top 3 Altcoins To Look Out For During The Month Of April

Published Apr 01, 2023 17:14

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The Top 3 Altcoins To Look Out For During The Month Of April

USDT/USD

-0.01%

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XRP/USD

+2.14%

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SOL/USD

+2.16%

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SOL, LINK, and XRP have the potential to resume their bullish recovery.

The SOL price could start targeting $26, $38, or even $48 soon.

LINK’s weekly RSI slope is rising higher, and this could mean that bullish momentum is growing.

The month of March has come to an end, and now people want to know what altcoins to look out for heading into April. At the moment, it seems like Solana (SOL), XRP, and Chainlink (LINK) are the front runners when it comes to resuming their bullish recovery in the upcoming month.

SOL / Tether US 1D (Source: TradingView)

Ever since May of last year, SOL has been stuck in a downsloping trendline, and the altcoin has failed multiple times to break free from its clutches. Although this trendline is currently leading an aggressive downtrend, a breakout from this level could signal a trend reversal for SOL.

If this ends up being the case, the SOL price could start targeting $26, $38, or even $48 soon. At the moment, SOL is trading hands at $21.

XRP / Tether US 1W (Source: TradingView)

XRP is also an altcoin showing some promise for the new month. The area around $0.31 currently acts as the support base for the double bottom pattern that has formed on XRP’s weekly chart. This is a famous bullish reversal pattern that indicates that traders are actively accumulating the token.

The XRP price has also reached a local resistance of around $0.43 to $0.415. If the altcoin is able to break out above this level, the price of XRP could experience a 20% rally to challenge the next resistance around $0.55.

Chainlink / Tether US 1W (Source: TradingView)

LINK is also showing some potential. The crypto’s weekly chart indicates that the altcoin has been trading sideways for a few weeks now between the buying climax of $9.5 and the selling climax of $5.5.

Despite this, LINK’s weekly RSI slope is rising higher, and this could mean that bullish momentum is growing for LINK. This bullish divergence could indicate that there is a possibility for the LINK price to move past the $9.5 resistance, signaling a trend reversal.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post The Top 3 Altcoins To Look Out For During The Month Of April appeared first on Coin Edition.

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The Top 3 Altcoins To Look Out For During The Month Of April

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