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April 2024 has had a rough start, and we are yet to see parabolic rallies. The good news is that BTC has reclaimed the $69,000 mark. While some altcoins are making double-digit gains, 3 popular altcoins could break their all-time records in a few weeks. So which altcoins have the potential to reach ATH levels this month?
Kucoin (KCS)
The altcoin that reached a 52-week high of $16 has roughly tripled in value over 190 days. After the last peak, the price returned to its rally starting point due to a lawsuit filed by the US on February 22. It is now finding buyers at $10.33 and maintaining its psychological support level. If the price of $10.95 can be reclaimed, a rebound from the bottom could begin.
In an optimistic scenario, the last peak and then the $25 region could be revisited. However, losing double-digit support could lead to lows below $7.95.
Nervos Network (CKB)
Nervos Network, whose market value is approaching the billion-dollar mark, stands out among the assets this year. While giants like ADA and XRP are stagnant, CKB’s price trend has increased 5.3 times in 2024 with a major reversal. The altcoin, finding buyers at $0.020438, indicates a continuation of the trend and further increases.
With expectations of a bull run increasing in April, the CKB price could surpass the 52-week high of $0.025 and reach $0.044. Of course, for these optimistic predictions to materialize, the demand for altcoins must continue, and the inflation data on Wednesday (compared to the previous month) must come in low. The Fed’s increasing talk of interest rate cuts before the halving should boost risk appetite.
Akash Network (AKT)
On the weekly chart, the AKT Coin price is targeting $6.5 again. At the time of writing, the price is testing the support region and is at $4, and it must not lose the critical area of $3.86. The retest phase caused a 34% drop in just four weeks, and it now seems to have found the bottom.
After such major sell-offs, bounces from the bottom are familiar moves, and AKT Coin could rise to $6.5 and $9.82 in such a scenario.
