With the anticipations of a bull run in the crypto market in April, certain altcoins are coming closer to their all-time high levels. Further, with the high potential of a new bull run to set new peaks, investors and whales are on the lookout for these altcoins.
Amidst the plethora of altcoins available in the market, here is Coinpedia’s list of top altcoins that might hit a new all-time high this week. So, let’s have a look at the list and their price charts for potential entry spots.
Kucoin (KCS)
With Kucoin and other exchanges biting into Binance’s market share, the fundamentals are looking strong for the KCS token. Further, prior to the ongoing pullback, the altcoin price hit a new 52-week high at $16, accounting for an almost 300% rise in 190 days.
Leading to a golden crossover in the weekly chart, the altcoin shows an evening star-led drop, erasing 30% market value in just four weeks. However, the downfall comes as a retest of the $10 breakout.
Further, with the recent bounce back, the altcoin survives above the psychological mark and forms a long-tail candle. This increases the likelihood of a bullish turnaround with a post-retest reversal.
Considering the pre-halving craze picks up next week, the KCS price could hit a new all-time high and break above $25. In such a case, the uptrend could drive the altcoin price to $37.67.
Nervos Network (CKB)
With the market cap reaching closer to the billion-dollar mark, the Nervos Network is rising in the altcoins industry. With the massive reversal in the CKB price trend this year, the altcoin is up by 537% and trades at $0.020438.
With the bull run in motion, the crucial EMAs are on the verge of a golden crossover. Further, the long-tail weekly candle sustains above the 50% Fibonacci line and teases a trend continuation.
With the rising anticipations of a bull run in April, the CKB price could surpass the 52-week high at $0.025 and challenge the all-time high at $0.044. Optimistically, the buyers can asset dominance at the psychological mark of $0.050 and hit the 1.618% Fibonacci level at $0.057.
Akash Network (AKT)
With a massive rounding bottom reversal in the weekly chart, the AKT price trend challenges the $6.50 supply zone. However, with the recent supply wave, the altcoin retests the 61.80% Fib level at $3.86.
The retest phase accounts for a 34% downfall in just four weeks, leading to a massive correction and a streak of four bearish candles. Considering the buyers manage to sustain above the 61.80% Fib level, the sideliners are in for the perfect buying the dip opportunity.
With a post-retest reversal and a potential market recovery next week, the AKT price could surpass the $6.50 supply zone. By doing so, the altcoin prepares for a new all-time high, potentially at $9.82.
Conclusion
With high bullish anticipations in April, the upcoming Bitcoin Halving could lead to a massive recovery in the crypto market. Further, the selected altcoins are high-potential candidates as they have a history of high-momentum price jumps. Hence, despite the correction in the short-term, these coins are projected to hit a new all-time high, giving an opportunity to buy the dip for sideline traders.
