The crypto market shifts to upward momentum in this bullish market as market participants await Bitcoin halving after the approval of spot Bitcoin exchange-traded funds (ETF) by the U.S. SEC. With the prices rallying and concluding high in March, we will discuss the top cryptocurrencies to invest in April as per the popular cypto analyst Rekt Capital. The list includes Solana (SOL), Bitcoin Cash (BCH), Dogecoin (DOGE), Bitcoin (BTC), Litecoin (LTC).
Top 5 Crypto Picks for April’s Bullish Run:
Solana (SOL)
Analyst pointed out that Solana is showing initial signs of formation of a ‘Bull Flag’ pattern in the weekly timeframe. After this bull pattern formation, SOL price can hit a new all-time high and the likelihood of it occurring this month are exceedingly high.
Solana is still consolidating inside this potential Bull Flag, recently rejecting from the Flag Top
Solana needs to continue to at least hold the Bull Flag bottom (~$184) as support to maintain bullish momentum
Any downside volatility via wicking into $173 (blue) is fine… https://t.co/TBzDevHvWr pic.twitter.com/jkW85Yr41w
— Rekt Capital (@rektcapital) April 1, 2024
SOL price successfully retested the range low of $173-$175 and rebounded to trade higher above the $200 level. The $173 level is now a crucial support for Solana.
SOL price surged 7% in a week and over 45% in a month. The price is currently trading at $197, with a 24-hour low and high of $194.29 and $204.18, respectively. Moreover, the trading volume continues to remain high amid meme coins frenzy and rise in interest among traders.
Bitcoin Cash (BCH)
Rekt Capital said “Bitcoin Cash has made history.” The statement came after BCH price closed the month above a multi-year downtrend for the first time since late 2017. He confirmed the conclusion of macro downtrend for Bitcoin Cash.
The excitement surrounding Bitcoin halving has overshadowed Bitcoin Cash halving event. BCH halving will occur at block height 840,000 on April 3 at approx 1:00 UTC. The current block reward is 6.25 BCH, the subsequent block reward will be 3.125 BCH.
BCH price soared 12% in the past 24 hours, with the price currently trading at $636.62. The 24-hour low and high are $594.89 and $700.30, respectively. Furthermore, the trading volume has surged by more than 280% in the last 24 hours. Bitcoin Cash has rallied over 40% in a week.
Dogecoin (DOGE)
Analysts were closely watching Dogecoin price rally for a bullish monthly candle close in March. Dogecoin managed to close above the $0.20 level as new support confirmed further upside toward the $0.30 psychological level.
Dogecoin is now in the process of retesting this ~$0.20 level as new support
It could get volatile around here but lose sight of this important technical step
Dogecoin is retesting this area to position itself for further future upside#DOGE #Crypto #Dogecoin https://t.co/ecYgKppkts pic.twitter.com/vwGNoWy0BJ
— Rekt Capital (@rektcapital) April 1, 2024
Rekt Capital also noted a bullish monthly candle close by Dogecoin in the monthly timeframe. DOGE price has witnessed massive rallies in February and March, he anticipates April to conclude bullish for the largest meme coin too. DOGE price increased 1% in the past 24 hours backed by a significant surge in trading volume. Dogecoin price surged over 20% in a week and 70% in a month, with the price currently trading at $0.207.
Bitcoin (BTC)
Experts have provided a target price of at least $80K after Bitcoin halving and $120K until the end of the year. Bitcoin block halving event to occur at block height 840,000 on April 20 at approx 07:30 UTC. The block reward will decrease from 6.25 BTC to 3.125 BTC, giving a push to BTC price due to supply-demand dynamics.
Bitcoin also had its first monthly candle close above old all-time highs of $69,000, which is historic. Furthermore, Bitcoin has confirmed a breakout above the weekly range, with continued inflows into spot Bitcoin ETFs.
Retest of old All Time Highs as new support is in progress$BTC #Crypto #Bitcoin https://t.co/Oy3gaS9Yl0 pic.twitter.com/3eo61gFf3S
— Rekt Capital (@rektcapital) April 1, 2024
Rekt Capital predicted that BTC price needs to dip into the range of $69,032 to successfully retest it as new support before continuing higher towards new ATH.
BTC price surged 4% in a week and over 12% in a month, with the price currently trading at $69,535. The 24-hour low and high are $68,986 and $71,377, respectively.
Litecoin (LTC)
Litecoin also had a monthly close above the long-standing downtrend. The ‘macro downtrend’ has been broken for the first time since April 2021, revealed Rekt Capital.
With the macro downtrend now officially over, we will be observing LTC price above $150 in April. LTC price surged over 22% since successfully retesting its multi-year Macro Downtrend as new support.
LTC price soared 17% in a week and over 24% in a month, with the price currently trading at $104.73. The 24-hour low and high are $101.73 and $112.32, respectively. Furthermore, the trading volume has surged by 132% in the last 24 hours.
