Top 3 altcoins to watch in the last week of April

The crypto market has stabilized in the past few days, helping altcoins and Bitcoin regain their momentum. However, the upward trend will be hard to maintain if it only relies on positive signals or the general market trend.

Below are 3 prominent altcoins that investors should pay special attention to this week – as noteworthy events are about to take place and are expected to bring significant volatility to the market.

Tutorial (TUT)

The price of TUT has remained stable for most of the month, currently fluctuating below the resistance level of $0.027. Successfully breaking through this barrier is crucial for recovering the 53% loss incurred in March. A price increase above $0.027 could signal a positive trend and further upward movement in the coming weeks.

If this trend continues, TUT could move towards the next resistance level of $0.039, indicating strong momentum.

TUT Price Analysis | Source: TradingViewHowever, if TUT does not surpass the resistance level of $0.027, the price may drop below $0.021. Such a decline would invalidate the bullish outlook and lead to further losses. In that scenario, the price could fall back to the $0.015 range – a significant setback that threatens the recent recovery efforts of this altcoin.

Injective (INJ)

The price of Injective (INJ) has surged 17% in recent days, driven by expectations for the upcoming Lyota mainnet upgrade. The upgrade is expected to be deployed on April 22, improving the infrastructure, performance, and transaction speed of Injective. This has sparked an optimistic sentiment, driving prices higher in the short term.

Currently trading at $8.6, Injective is approaching the resistance level of $9.11. If it successfully breaks through this barrier, the price could exceed $10, potentially reaching $10.35. The positive sentiment around the Lyota mainnet upgrade is likely to continue driving the growth of the altcoin if it can surpass these levels.

Analysis of INJ price | Source: TradingViewHowever, if Injective does not break through the resistance level of $9.11, as seen in early April, the price could slide below $8.4. This signals a retreat and could cause the token to drop to $7.64, negating bullish prospects and erasing recent gains.

BNB

The price of BNB is currently at 599 dollars, repeating a downward trend for 2 months. This altcoin is struggling to break through the resistance level of 611 dollars. To overcome this barrier, BNB needs strong support from the market as a whole or upcoming developments may provide a catalyst for price volatility and reversal.

A potential catalyst is the hard fork of the Lorentz opBNB mainnet, scheduled to take place today. This hard fork aims to increase the speed and responsiveness of the chain. If successful, this could help BNB break through the resistance level of 611 dollars and push the price up to the next level of 647 dollars, boosting bullish sentiment.

BNB Price Analysis | Source: TradingView However, if the impact of the hard fork does not meet expectations, BNB may find it difficult to maintain its upward momentum. In this case, the price can slide below the support level of $576, which is likely to fall to as low as $550. This will invalidate the current bullish outlook and potentially continue the downtrend.

You can check the coin price here.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.

Minh Anh