Despite the absence of a major rally in the crypto market in April 2024, there is a positive sentiment with Bitcoin (BTC) reclaiming the $69,000 level. Some altcoins are showing impressive performances, achieving double-digit gains, and are expected to reach all-time highs (ATH) in the coming weeks.
Indications of Kucoin (KCS) Surge
KCS witnessed a 3x increase in value within the year, reaching a 52-week peak of $16. After this peak, KCS faced a decline due to a lawsuit in the US and is currently finding support at the $10.33 level. If the $10.95 resistance is broken, continued upward movement is expected, with a potential for KCS to reach $25 in a positive scenario.
Nervos Network (CKB) Leading the Way
Nervos Network (CKB), which is nearing a billion-dollar market value, has increased in value by 5.3x since the beginning of the year. The upward trend for CKB is expected to continue, reaching $0.044 in April, contingent upon sustained demand for altcoins and low inflation figures.
Critical Levels for Akash Network (AKT)
AKT Coin is targeting $6.5 on the weekly chart. The current price at $4 must maintain the critical point at $3.86. After an expected rebound from the anticipated bottom following significant sales, AKT Coin could reach $6.5 and $9.82.
Useful Information
Bitcoin has reclaimed the $69,000 level, instilling optimism in the market.
Some altcoins show potential to reach ATH levels, including KCS, CKB, and AKT.
An upward movement is expected if KCS crosses $10.95, altcoin demand and low inflation figures are critical for CKB, and $3.86 is an important support level for AKT.
Considering this, investors and stakeholders can evaluate the potential for upward movement in these altcoins and closely monitor developments.
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