As market participants await a massive spike in Bitcoin with the halving event in April, smart money is on the lookout for high-potential altcoins. With a lower market cap and the ability to create buzz in the market, the altcoins have an edge over Bitcoin for greater returns.
Hence, with the chances of greater returns, the altcoins are gaining demand this April.
For maximum gains, Coinpedia brings you a list of top altcoins with the high potential of a massive jump this week. Further, the trend reversal conditions in these altcoins support the chances of a massive bull run.
So, let’s have a closer look at the price charts of these altcoins.
ORDI (ORDI)
With Bitcoin halving being the potential bullish catalyst, the ordinals could find a fresh increment in trend momentum. Amidst this, the ORDI price trend shows a high likelihood of trend continuation with a breakout rally.
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In the daily price chart, the ORDI trend shows a triangle pattern with a bull cycle taking off from the baseline. Further, with the 13% rise today, the altcoin shows a potential breakout this week.
With a potential market-wide recovery coming this April, the ORDI price could reach the psychological mark of $100 in the coming week.
Ethena (ENA)
As a freshly launched token with the backing of Ethena Labs, the ENA token stands out in the altcoins sector. With a fresh rally and the ongoing consolidation starting to pick momentum again, the ENA price trend is teasing a new rally.
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On the 1H chart, the ENA price shows a bullish turnaround from the 50% Fibonacci level. With a neckline slightly above the psychological mark of $1, the trend action also showcases a potential inverted head and shoulder pattern.
In case of a bullish breakout, the uptrend could lead to a prolonged uptrend and potentially reach the $1.59 mark.
Singularity.NET (AGIX)
With the AI tokens making the most in the altcoins with the backing of a credible use case, they are the interest of choice for whales. Amidst the rising number of AI tokens, singularity.NET is a standout candidate with high potential.
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In the daily chart, the AGIX price trend shows an ascending triangle pattern with a solid support trendline. Currently, the AGIX price is ready to take off from the trendline and start a new bull cycle.
Further, as per the trend-based Fibonacci levels, the 50% Fibonacci level at $1.50 is the next resistance level. A potential reversal rally could lead to the overhead resistance breakout.
Optimistically, the AI coin could give a massive rally and reach the $2 mark.
This news is republished from another source.
