The crypto market is trading in the red zone. However, analysts are hopeful about some tokens for the future. The popular analyst, nicknamed Rekt Capital, names 4 altcoins to invest in April. Meanwhile, Bitcoin’s halving event is approaching. According to the analyst, this will provide an opportunity for other altcoins to rise in the bull market.
First ranked altcoin: Solana (SOL)
Rekt Capital says Solana is showing the first signs of a ‘Bull Flag’ formation on the weekly time frame. He states that it is possible for the SOL price to reach an all-time high following this bullish formation. He also notes that this is extremely likely to happen this month. SOL price successfully retested the $173-175 range. Following this, it recovered to trade above the $200 level. The $173 level is now an important support for Solana.
SOL price increased by 7% in a week and over 45% in a month. The altcoin was currently trading at $197. Meanwhile, the meme coin craze and interest among traders is growing. Therefore, SOL trading volume remains high.
Dogecoin (DOGE) comes in second place
cryptokoin.comAs you follow from , analysts were monitoring the Dogecoin price rally for the monthly candle close in March. Dogecoin confirms further upside towards new support at $0.30 psychological level. Thus, it managed to close above the $0.20 level. Rekt Capital also notes that a monthly bullish candle was closed by Dogecoin on the monthly timeframe. DOGE price saw major rallies in February and March. The analyst expects the meme coin to rise further in April.
DOGE is up 1% over the past 24 hours, supported by a significant increase in trading volume. The altcoin price increased by over 20% in a week and over 70% in a month. Meme coin was trading at $0.207 at the time of writing.
Bitcoin fork Bitcoin Cash (BCH) is also on analyst’s radar
According to Rekt Capital, Bitcoin Cash made history. The statement came after the BCH price closed the month above its multi-year downtrend for the first time since late 2017. This confirmed that the macro downtrend for Bitcoin Cash is over. The excitement surrounding the Bitcoin halving has overshadowed the Bitcoin Cash halving. BCH halving will take place on April 3. The current block reward is 6.25 BCH, the next block reward will be 3.125 BCH.
Meanwhile, BCH price is up 12% in the last 24 hours. The token was trading at $664.62 at the time of writing. BCH’s trading volume increased by more than 280% in the last 24 hours. The altcoin has gained over 40% in a week.
Last ranked altcoin: Litecoin (LTC)
Litecoin had a monthly close above its long-standing bear trend. Rekt Capital says the ‘macro downtrend’ has been broken for the first time since April 2021. According to the analyst, we will be looking at LTC price above $150 in April. LTC price is up over 22% since it successfully retested the multi-year Macro Downtrend as new support.
Meanwhile, the LTC price increased by 17% in a week and over 24% in a month. The token was trading at $104.73 at the time of writing. BCH’s transaction volume increased by 132% in the last 24 hours.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!