The Best Altcoins to Watch For Potential Gains
As Bitcoin (BTC) continues its upward trajectory, regaining its bullish momentum after brief range-bound price action and inching closer to its all-time high (ATH) of $73,700, crypto analyst Miles Deutscher shared insights on several altcoins to watch for potential gains this week.
Bitcoin’s Positive Outlook
Deutscher observes a robust recovery in Bitcoin following its recent dip below the $65,000 level on April 3rd. The analyst notes that Bitcoin’s structure appears positive, with $73,800 being the critical level to watch as it represents the previous ATH and the cryptocurrency’s last resistance before further gains.
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- Bitcoin’s ability to break through $73,800 could signal further upward momentum
The Potential of Solana and Ordinals
Despite recent network congestion issues, Deutscher remains optimistic about Solana’s long-term prospects, promising further gains on top of its 23% uptrend over the past month. He also identifies Ordinals as a strong performer within the BRC-20/BTC narrative ecosystem.
- Solana’s long-term prospects remain optimistic
- Ordinals stands out as a leader in the space
Altlayer and Orion: Upcoming Opportunities
Deutscher expresses interest in Altlayer due to rumors surrounding an upcoming EigenLayer airdrop and its involvement in the restaking narrative. Altlayer’s proximity to the airdrop and its recent performance make it an appealing option for investors.
- Altlayer’s involvement in the airdrop contributes to its appeal
- ORN is the first restaking rollup on EigenLayer
- Altlayer has gained 14% in the last month
Dogecoin’s ‘Doge Day’ and Wormhole’s Challenges
Deutscher highlights the upcoming “Doge Day” on April 20 and the historical interest surrounding the meme coin. He also notes potential price moves if Elon Musk tweets about it. Additionally, Deutscher advises monitoring Wormhole’s native token, W, as it faces selling pressure after an airdrop.
- Doge Day could see increased interest and speculation
- Wormhole’s W token faces selling pressure
