Cryptocurrency

Bitcoin

Algorand

GateToken

Momentum

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrency-swings-marchs-market-rollercoaster-and-altcoin-predictions" rel="noopener noreferrer nofollow">Cryptocurrency Swings: March’s Market Rollercoaster and Altcoin Predictions</a><br></p>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/exploring-the-surge-in-turkish-cryptocurrency-trade" rel="noopener noreferrer nofollow">cryptocurrency</a> market experienced significant volatility in March, with <a href="https://en.bitcoinhaber.net/bitcoin-minings-surging-energy-demand-as-market-prices-rise" rel="noopener noreferrer nofollow">Bitcoin</a> leading a rally that soared beyond its previous peak, reaching heights of over $73,500. However, this upswing was short-lived as prices retracted and continued to fluctuate throughout the month. As we step into April, the spotlight turns to a couple of altcoins that might outshine Bitcoin’s recent performance.</p>
<h2 id="algorand-s-bullish-momentum">Algorand’s Bullish Momentum</h2>
<p style="text-align: justify">Algorand, a platform designed for decentralized and scalable smart contracts, secured by a unique Pure Proof-of-Stake mechanism, has inked a 17% price rise throughout the year. Despite trailing behind its competitors initially, Algorand’s market indicators suggest an impending uptick. Technical analysis revealed a ‘golden cross’ on the 4-hour chart, a bullish sign hinting at a possible shift from a bearish to a bullish trend, potentially forecasting long-term growth.</p>
<p style="text-align: justify">Should this positive trend persist, Algorand is expected to challenge its previous resistance level at $0.32. A breakthrough could set the stage for the cryptocurrency to target the next resistance mark at $0.41 during April.</p>
<h2 id="gatetoken-set-for-potential-rally">GateToken Set for Potential Rally?</h2>
<p style="text-align: justify">GateToken, the utility token of the Gate.io exchange, is making waves as it approaches its all-time high from May 2021, currently only 22.19% below. With a notable 98.10% value surge in the past month, GateToken recently crossed the $10 threshold, marking its first time since May 2021.</p>
<p style="text-align: justify">The ascending trajectory of GateToken is evident on the 4-hour chart, with exponential moving averages lining up to signal an uptrend. The consistent price candles above the 20-EMA suggest buyer dominance, and the pattern of increasing lows and highs supports the trend analysis. Should the momentum maintain, GateToken is poised to retest its previous high of $12.83 in April.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/cryptocurrency-swings-marchs-market-rollercoaster-and-altcoin-predictions" rel="noopener noreferrer nofollow">Cryptocurrency Swings: March’s Market Rollercoaster and Altcoin Predictions</a></h5>

Cryptocurrency Swings: March’s Market Rollercoaster and Altcoin Predictions

Table of Contents

BH NEWS

Other articles published on Mar 30, 2024

Microsoft and OpenAI to Collaborate on $100 Billion AI Data Center Project

Goldman Sachs Revises Outlook on Fed Rate Cuts; Predicts Starting in June

ETH Vs SOL: Solana’s Latest Meme Coin Sees Huge Attention from Shiba Inu (SHIB) and Pepe Coin (PE...

LGD Gaming Withdraws from Elite League Amidst Roster Rebuild

Letter from Metamask Developer Company to SEC: “Recognize Ethereum’s Superior Attributes to Bitcoin”

BEFE Coin's Price Leaps by +20% - Are New Exchange Listings the Catalyst?

Join our free newsletter for daily crypto updates!