3 Hidden Gem Altcoins to Watch Out for in April

Analysis3wks agoUpdate 6086cf...
38 0

In Brief

  • Aptos (APT) is 12% away from charting new all-time highs, with the uptrend just gaining strength.
  • Gala (GALA) broke out of its two-week-long downtrend and is now reclaiming bullishness by cementing a support floor.
  • Kaspa (KAS) is breaking out of a bullish flag formation, and succeeding in doing so would open it up to a 60% increase.

Amidst the domination of altcoins such as Ethereum, Solana, Cardano, and many more, investors tend to miss out on some of the lesser-known cryptos.

Thus, BeInCrypto has analyzed such cryptocurrencies, which might not be at the top of the list but are still expected to run up in the coming weeks.

Aptos (APT) Is Set to Go Big

Aptos price has surprised the entire market with its recent rally, which brought it closer to breaching the previous all-time high (ATH) of $20.4. APT now stands less than 12.5% away from pushing through and charting new ATH.

The bullish trend is already gaining strength, as evidenced by the Average Directional Index (ADX). The indicator above the 25.0 threshold signals that the active trend is strengthening, which, in the case of APT, is an uptrend.

3 Hidden Gem Altcoins to Watch Out for in April
APT/USDT 1-day chart. Source: TradingView

However, if Aptos price fails to cement $18.32 as a support floor, it could fall back down below $16, which would invalidate the bullish thesis.

Thus, it is important to keep a watch on the token.

Read More: Top New Crypto Listings To Watch In March 2024

Gala (GALA) Is Set for a 26% Increase

Gala price, after crossing the $0.080 mark earlier this month, began trending downwards, nearly losing the $0.050 support line. However, in the past few days, the cryptocurrency managed to breach the downtrend and rally further to test $0.065 as a support line.

The cryptocurrency now stands about 26% away from marking new year-to-date highs. Additionally, the Relative Strength Index (RSI) hints at certain bullishness. The indicator is a momentum oscillator indicating overbought and oversold conditions, which just crossed into the bullish zone.

3 Hidden Gem Altcoins to Watch Out for in April
GALA/USDT 2-hour chart. Source: TradingView

This means GALA has a shot at continuing the rally, which would send it $0.084.

Nevertheless, if the altcoin loses the support at $0.065, the Gala price could trickle down to $0.060, which would invalidate the bullish outlook.

Read More: Top Crypto Exchanges in Australia in 2024

Kaspa (KAS) Is Set to Validate This Bullish Pattern

Kaspa price, which had a great run last month, was stuck in a descending channel for the past month. The altcoin broke out of it a week ago and is presently trading at $0.135, testing the support level of $0.131.

This price action resulted in the formation of a bullish flag pattern. This is a continuation pattern where the price temporarily consolidates in a narrow range after a sharp upward move. This signals a potential continuation of the previous uptrend.

3 Hidden Gem Altcoins to Watch Out for in April
KAS/USDT 1-day chart. Source: TradingView

Per this pattern, KAS is expected to chart a 66% growth, with the target price marked at $0.235. This makes Kaspa a coin to watch out for.

Read More: 7 Best Base Chain Meme Coins to Watch in 2024

However, if the support at $0.131 is lost, the bullish thesis could be invalidated, and KAS could fall below $0.120.

This article is sourced from the internet: 3 Hidden Gem Altcoins to Watch Out for in April

Related: Litecoin (LTC) Correction: How Deep Will the Price Drop?

In Brief LTC number of active addresses has been declining heavily since last week. LTC number of transactions is also declining, showing its momentum is cooling off. EMA Cross lines are currently forming a bearish signal, entering a downtrend. Litecoin (LTC) price saw a dramatic 40% increase, quickly followed by an equal correction over a week, raising questions about future trends. A decline in active addresses and transactions suggests cooling interest, while bearish signals from the Exponential Moving Average (EMA) crosslines indicate a potential downtrend. These developments point to a critical phase for LTC, as it might enter a price adjustment period before stabilizing. Investors are watching closely to see if LTC can overcome these bearish trends or if it will face further corrections. Litecoin Active Addresses Is Heavily Decreasing…

 

© Copyright Notice

Related articles

No comments

You must be logged in to leave a comment!
Login immediately
No comments...