As the month of April drew to a close, several altcoins demonstrated notable gains, particularly over the past week, largely driven by Bitcoin’s surge towards $95,000. Various factors are contributing to the optimistic outlook for certain key tokens as they anticipate a bullish start to May.

BeInCrypto conducted an analysis of three altcoins that investors should keep an eye on in the final days of April, as these coins are preparing for significant developments.

BNB is currently experiencing positive performance, with expectations of further gains in the coming week due to the imminent Lorentz hard fork. Scheduled to go live on April 30, this upgrade aims to enhance the network’s efficiency by introducing faster block times. This improvement is anticipated to bolster network performance and potentially lead to a price increase for BNB.

Following a breakout from a two-and-a-half-month downtrend, BNB is currently trading at $606. The altcoin is targeting the $618 resistance level, and if it successfully breaches this level, it could leverage the positive momentum generated by the Lorentz upgrade. This could pave the way for a potential rise to $647.

Conversely, if BNB fails to surpass the $618 resistance, a downturn might ensue, possibly pushing the price below $600. In this scenario, BNB might find support at $576, which would negate the bullish outlook. Observing the $618 level will be crucial for determining the altcoin’s future trajectory.

KAS has seen a 27% gain over the past week, helping to dispel bearish signals from the Ichimoku Cloud. Currently trading at $0.099, the altcoin is approaching the critical $0.103 resistance level. Should this momentum persist, KAS may break through and establish a new bullish trend.

The upcoming Crescendo upgrade is expected to fuel additional positive momentum for KAS. The mainnet activation, which is designed to increase the network’s transaction capacity tenfold to 10 blocks per second, could significantly impact the coin’s price and attract increased investor attention.

If the Crescendo upgrade meets expectations, KAS could climb to $0.112, potentially reaching $0.120. Conversely, if KAS fails to cross the $0.103 barrier, the altcoin may experience a decline. A drop below $0.092 could push the price towards $0.083, invalidating the current bullish outlook.

Another altcoin worth monitoring in the final week of April is AAVE, which has witnessed a robust 22% increase this week, positioning it among the top-performing altcoins. Despite the substantial gains, current price movements suggest that AAVE has not yet peaked. The altcoin still retains potential for further upward momentum, bolstered by strong market interest.

The Relative Strength Index (RSI) shows that AAVE is in the bullish zone but remains far from the overbought level of 70.0. With ample room before reaching this threshold, AAVE’s price could continue its ascent, potentially exceeding $180 and reaching $198.

On the other hand, if bullish momentum wanes, AAVE could fall below the $167 support level. In this situation, the price might decline to $153, and if this support is breached, AAVE could plummet to $126. Such a movement would invalidate the current bullish outlook, indicating a possible reversal in the trend.

以上内容由悟空财富根据公开信息整理，与本站立场无关，如存在问题请联系我们，本文为数据整理，不对您构成任何投资建议，投资有风险，请谨慎决策。