The cryptocurrency market has shown stable growth in recent days, helping altcoins and Bitcoin recover. However, relying solely on broader market signals or momentum will not sustain the price increase.
BeInCrypto has analyzed three altcoins for investors to follow in April, with important developments expected this week.
TUT Guide
TUT's price has remained stable for most of the month, currently fluctuating below the resistance level of $0.027. Overcoming this barrier is crucial to recovering the 53% loss that occurred in March. If the price rises above $0.027, it could signal a positive trend and further growth in the coming weeks.
If this trend continues, TUT could move to the next resistance level of $0.039, indicating strong momentum.
TUT price analysis. Source: TradingViewHowever, if TUT cannot break through the $0.027 resistance level, the price could drop below $0.021. Such a decline could invalidate the price increase prospects and lead to further losses. In that case, the altcoin price could fall to $0.015, a significant obstacle to the token's recovery.
Injective (INJ)
Injective's price has increased by 17% in recent days, driven by expectations surrounding the upcoming Lyota Mainnet upgrade. Expected to launch on 04/22, this upgrade is anticipated to improve Injective's infrastructure, performance, and transaction speed. This has created optimism, pushing the price higher in the short term.
Currently trading at $8.97, Injective is approaching the $9.11 resistance level. If it can break through this barrier, the price could surpass $10.00, potentially reaching $10.35. The positive sentiment around the Lyota Mainnet upgrade is likely to continue driving the token's growth if it can overcome these levels.
INJ price analysis. Source: TradingViewHowever, if Injective cannot break through the $9.11 resistance level, as seen earlier in April, the price could drop below $8.40. This would signal a retreat and could cause the token to fall to $7.64, invalidating the price increase prospects and erasing recent gains.
BNB
BNB's price is currently at $604, experiencing a downward trend over the past two months. This altcoin is struggling to break through the $611 resistance level. To overcome this barrier, BNB needs strong support from the broader market or upcoming developments that can provide momentum for price movement and reversal.
A potential catalyst is the Lorentz opBNB mainnet Hard Fork, expected to occur today. This Hard Fork aims to improve the chain's speed and responsiveness. If successful, this could help BNB break through the $611 resistance level and push the price to the next level of $647, boosting optimistic sentiment.
BNB price analysis. Source: TradingViewHowever, if the Hard Fork's impact does not meet expectations, BNB may struggle to maintain upward momentum. In this case, the price could slip below the $576 support level, potentially dropping to as low as $550. This would invalidate the current price increase prospects and likely continue the downward trend.




