3 Altcoins to Watch in the Second Week of April 2025
The post 3 Altcoins to Watch in the Second Week of April 2025 appeared on BitcoinEthereumNews.com.
While the crypto market started the week on a bearish note, upcoming developments may signal a potential turnaround. Several altcoins have key external factors supporting their price movement, offering investors opportunities for growth. BeInCrypto has analyzed three altcoins to watch this week, exploring their potential price direction. Movement (MOVE) MOVE price experienced a significant 44% correction over the past two weeks, currently trading at $0.305. This decline was notably steep in the last 24 hours, as MOVE formed a new all-time low (ATL) at $0.286, losing 23%. This downturn has left investors concerned about further price drops. Movement is facing a token unlock on April 9, with 50 million MOVE worth over $15 million entering circulation. The influx of new tokens could increase supply, reducing demand, which may exacerbate the ongoing bearish trend. This could potentially drive the price even lower, continuing the downtrend. MOVE Price Analysis. Source: TradingView Given these conditions, MOVE price may test the $0.286 level again, with the possibility of either holding as support or falling through, forming a new ATL. If the market reaction is positive, however, MOVE could reclaim $0.374 and invalidate the bearish outlook, triggering a recovery. EOS (EOS) EOS has emerged as one of the best-performing tokens this week, recovering 57% towards the end of March. This positive momentum is a sign that the altcoin is nearing the end of its bearish streak. Despite the recent gains, EOS faced a 15% pullback last week, currently trading at $0.72. It is holding steady above the $0.68 support, aiming to breach $0.76. This movement aligns with the potential formation of a Golden Cross, with the 50-day EMA nearing a crossover with the 200-day EMA. EOS Price Analysis. Source: TradingView If EOS fails to maintain the support at $0.68, it may drop to the next support level…
Filed under: News - @ April 7, 2025 8:22 pm