As the market continues to slump, investors are rebalancing their crypto portfolios in preparation for the bull market following April's Bitcoin (BTC) halving. Major stocks like Ethereum (ETH), Solana (SOL), and XRP are staples in most investors' portfolios, but some cryptocurrencies you buy promise investors 100x returns. Some do.
The April halving is considered to be a major market move, with Bitcoin likely to reach new all-time highs across the board. Therefore, it may be the best time for market participants to take advantage of dollar-cost averaging (DCA) and take full advantage of the bull market expected this year.
1. Shiba Inu (SHIB)
The price of Shiba Inu coin is flat like other major cryptocurrencies on the market. After a slow start to the week, prices have not moved much, although widespread consolidation has eased. However, if the current technical structure continues to improve, we can expect a major breakout this weekend, with SHIB surging an astounding 70% and reaching a 2024 high of $0.00004563.
Shiba Inu Coin holds firm on the short-term support provided by the 200-day Exponential Moving Average (EMA) (purple line on the 4-hour chart). More broadly, Memecoin has fluctuated between key support around $0.000024 (gray band) and resistance around $0.00003274 (red band) since the mid-March correction.
A 4-hour candlestick close above the 200-day EMA will speed up the recovery toward the high of the range while preventing the bulls from retesting the low of the range.
It is also important that Shiba Inu Coin price closes above the previous day’s high of $0.00002775, which acts as another bullish signal. According to CoinGecko data, a break through the high wall of the range could cause SHIB to surge towards a yearly high of $0.00004563 and trigger an even bigger move towards a historic high of $0.00008616.
2. Terra Classic (LUNC)
Terra Classic price is $0.000134, showing a slight decline of just over 4% in the last 24 hours. This slight decrease was also reflected in trading volume, which decreased by 4% and now stands at $33.93 million, indicating interest among traders. According to Coinmarket data, LUNC has a valuation of $779.71 billion, ranking it 113th in the cryptocurrency rankings.
LUNC's value has fallen by 13% in the last week, but the unexpected development hasn't dampened investors' spirits and they are optimistic about the outlook despite market fluctuations. During this time, the value of LUNC fluctuated between $0.00013 and $0.00016, showing a downward trend reaching a decrease of 38% over the past month.
LUNC could witness a resurgence of momentum if the bullish trend prevails and the price crosses the $0.00014 threshold. This uptrend could challenge the $0.00019 resistance level and even target the $0.001 mark.
3. Pendle
Pendle is a protocol that runs on the Ethereum blockchain and is designed to revolutionize the decentralized finance (DeFi) space by providing a platform for yield trading. The Pen dollar price rose with high momentum, ignoring most of the major cryptocurrencies that entered a new correction trend in mid-March.
This recovery can be attributed to several factors, one of which is the explosive increase in Total Value Locked (TVL). According to DeFiLlama data, Pendle's TVL has experienced a notable increase, increasing from $233 million at the beginning of the year to nearly $4 billion by April.
This significant growth reflects an expanding user base and could mean increased adoption of yield tokenization services, which could increase the liquidity and utility of the Pendle ecosystem.
Therefore, if the pen dollar price is forming a local top at $6.67, the expected correction could create demand pressure at the $5.62 and $5 levels, which are consistent with the 38.2% and 50% Fibonacci retracement levels. There is a gender.
4. Fetch AI (FET)
Fetch.AI (FET), a leading AI research organization, is pioneering decentralized, barrier-free machine learning networks through blockchain innovation. This initiative aims to decentralize and streamline digital transactions, increase efficiency, and improve user experience.
Fetch .AI price is currently $2.56, down 4% from the previous day. It is ranked 52nd on CoinMarketCap and has a market capitalization of $2 billion.
FET prices have risen an astonishing 32% over the past month, surging above the $2 threshold even in the midst of a market correction. This has secured its position as a top AI-focused altcoin, especially as his 18,000 Bitcoin options are set to expire.
conclusion
Investing in the cryptocurrency market requires speed, accuracy, and agility. By identifying which tokens to purchase, you can sell the difference in stacks between investors who maximize profits and those who end up losing money. This is not investment advice, but may help new investors start their research.
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