March became a landmark moment for the cryptocurrency market, seeing the value of Bitcoin hit unprecedented highs, accompanied by significant appreciation in the value of many major crypto assets. Although the overall market trend is optimistic, some altcoins have failed to make the expected leap.
These crypto assets are expected to reach new peaks in April, at the beginning of the second quarter of 2024.
SUI prepares to lead breakthrough
Among the top 100 cryptocurrencies, Sui is rapidly approaching its all-time high price. Although the currency tried unsuccessfully to break through last month, the 21% increase in the past 48 hours still shows its strong momentum, gradually approaching the peak of $2.10 reached in May 2023.
The Relative Strength Index (RSI), an indicator that assesses how quickly an asset's price changes and how dynamic it is, is also showing a bullish signal, suggesting that Sui is not currently overbought. This is a sign that Sui is expected to break through the historical record of $2.10 at the beginning of April.
Aptos (APT) Bull Run Still Active
Aptos' trading price has rebounded strongly from its low of $9 and has nearly doubled to $18.6. Considering that APT is less than 12.5% away from its highest price of $20.40 since January 2023, this upward trend is expected to continue in the second quarter.
The Moving Average Convergence Divergence (MACD), a key trend-following indicator for gauging market dynamics, is currently showing a bullish trend, signaling the potential for further upside in APT price.
BNB Price Heads on the Road to Recovery
BNB is showing upside momentum in the short term and is currently making steady progress towards its all-time high of $691. This dynamic requires BNB to break through the psychologically important $600 mark for the first time, which is currently about 18.14% away from its target price.
Although the current Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) are both showing signs of a downturn, these indicators do not clearly point to a bearish trend. As long as BNB can stabilize above the 50-day exponential moving average (EMA), it is expected to experience a market recovery in April.
Arbitrum (ARB) Seeks Momentum
Arbitrum hit its all-time high in early January 2024, contrasting with other crypto assets on this list. But after reaching its peak, the digital currency experienced a significant price correction, falling to $1.69.
Currently, ARB is 42% away from its all-time high price. To hit the iconic $2 level, ARB must break above the 50-day and 100-day exponential moving averages (EMA). Support at this stage will inject new energy into its efforts to rebound to $2.40.
The Moving Average Convergence Divergence (MACD) indicator trend hints at an imminent bullish crossover, suggesting that upward momentum will be rekindled soon.
