March was an exceptional month for the crypto market as investors witnessed Bitcoin prices hitting all-time highs as well as the rise of multiple major altcoins. However, despite the bullishness, some altcoins missed the mark.
These altcoins will likely print new all-time highs in the coming month of April, when the second quarter of 2024 begins.
SUI Will Be the First to Shatter the Record
Sui is the altcoin in the top 100 cryptocurrencies list that is the closest to printing a new all-time high. The altcoin made an attempt last month but failed only to witness a 21% rise in the past 48 hours. This rally has brought it closer to the previous high of $2.10, witnessed back in May 2023.
The Relative Strength Index (RSI), a momentum oscillator measuring the speed and change of price movements, is also in the bullish zone. This suggests that the digital asset is not yet overbought and could cross $2.10 by the beginning of April.
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Aptos (APT) Bull Run Continues
Aptos price rose from the low of $9 to nearly double in value as the altcoin can be seen changing hands at $18.6 at the moment. This rally will only continue as we move into Q2, given APT is less than 12.5% away from breaching the previous all-time high of $20.40 from January 2023.
The Moving Average Convergence Divergence (MACD), a trend-following momentum indicator that is used to identify bullish and bearish trends, is also signaling growth. The indicator is continuing the bullish crossover uptrend, which will drive APT higher.
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BNB Price Set to Initiate a Recovery
BNB is currently on a short-term incline, inching closer to the $691 ATH. The Binance native token is about 18.14% away from the price point, which would require BNB to close above the $600 mark first.
Although MACD and RSI are both noting a downtick right now, they aren’t highlighting bearish trends. As long as BNB stays above the 50-day Exponential Moving Average (EMA), the coin will have a shot at recovery, which will likely take place in April.
Arbitrum (ARB) Will Need a Push
Unlike other altcoins in this list, Arbitrum’s price noted its all-time high earlier this year back in January 2024. The cryptocurrency, however, noted significant correction since then, bringing the price down to $1.69.
The all-time high is now 42% away from the token, and ARB would need to flip the 50 and 100-day EMA in order to make it to $2. This support level will provide the boost necessary to rally on towards $2.40.
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MACD indicates that a bullish crossover is imminent, suggesting that the uptrend momentum will reignite soon.
Disclaimer
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