As April comes to an end, many altcoins are enjoying gains, especially in the last seven days, stemming from Bitcoin’s run up to $95,00. A few key tokens are looking at a bullish start in May due to varying factors.
BeInCrypto has analyzed three such altcoins for investors to watch in the last few days of April as they prepare for important developments.
BNB
BNB is currently showing positive performance, with expectations for further gains this week due to the upcoming Lorentz hard fork. Set to go live on April 30, the upgrade will bring faster blocks to the chain, which is likely to boost network efficiency and support a potential price rise for the altcoin.
Having broken free from a two-and-a-half-month downtrend, BNB is now trading at $606. The altcoin is aiming to breach the $618 resistance, and if successful, it could capitalize on bullish momentum from the Lorentz upgrade. This would set the stage for a potential rise to $647.
If BNB fails to break the $618 resistance, a decline could follow, potentially dropping the price below $600. In this scenario, BNB may find support at $576, which would invalidate the bullish outlook. Monitoring the $618 level will be key for assessing the altcoin’s trajectory in the coming days.
Kaspa (KAS)
KAS has gained 27% over the past week, helping to invalidate the bearish signals from the Ichimoku Cloud. Currently trading at $0.099, the altcoin is nearing the critical $0.103 resistance level. If this momentum continues, KAS could potentially break through and establish a new bullish trend.
The upcoming Crescendo upgrade is expected to drive further positive momentum for KAS. With the mainnet activation set to increase the network’s transaction capacity tenfold to 10 blocks per second (BPS), this event could play a pivotal role in propelling the price upwards and attracting more investor interest.
If the Crescendo upgrade lives up to expectations, KAS could rise to $0.112, potentially reaching $0.120. However, if KAS fails to breach the $0.103 level, the altcoin may experience a decline. A drop below $0.092 could send the price toward $0.083, invalidating the current bullish outlook.
Aave (AAVE)
Another altcoin to watch in the last week of April is AAVE, which has experienced a strong 22% rise this week, making it one of the best-performing altcoins. Despite the impressive gains, the current price action suggests that AAVE has not yet reached its peak. The altcoin still has room for further upward momentum, supported by strong market interest.
The Relative Strength Index (RSI) indicates that AAVE is currently in the bullish zone but is far from the overbought level of 70.0. With plenty of room before hitting this threshold, AAVE’s price could continue rising, potentially surpassing $180 and reaching $198.
However, if the bullish momentum weakens, AAVE could see a decline below the $167 support level. In this case, the price may fall to $153, and if this support level is breached, AAVE could drop to $126. Such a move would invalidate the current bullish outlook, signaling a possible trend reversal.
Bitcoin (BTC) is hovering below the $94,000 level while still showing sensitivity to US economic indicators. Accordingly, this week’s US economic data could spark volatility in the crypto market.
From consumer confidence to labor market strength, economic indicators could influence sentiment and sway crypto prices.
US Economic Data To Watch This Week
The following US economic indicators could affect the portfolios of crypto market traders and investors.
“Let me try to help you make sense of everything that’s going on: Tariff madness, plunging consumer confidence, rising recession odds, market fragility and all the ways that the economy will shape your life,” economist Justin Wolfers remarked.
Consumer Confidence
The Consumer Confidence report will start the list of US economic indicators with crypto implications this week. On Tuesday, April’s Conference Board’s Consumer Confidence Index will show whether households are optimistic about financial conditions.
March’s 92.9 index signaled a relatively pessimistic outlook among US consumers concerning the economy and their financial situation.
According to data on MarketWatch, the median forecast is 87.4. Strong confidence often correlates with risk-on sentiment, driving investment into Bitcoin and altcoins.
Accordingly, reading below expectations might trigger profit-taking, denting confidence in the economy’s overall strength.
With global trade tensions, an unexpected decline could amplify safe-haven demand for Bitcoin, though volatility remains a risk.
“The soft data suggests that the hard data is set to fall. Consumer Confidence can lead the unemployment rate (inverted). If that ends up being the case this time around, we’re looking at around 6% or higher,” wrote Markets and Mayhem.
JOLTS Job Openings
This week, the Job Openings and Labor Turnover Survey (JOLT), which tracks demand, adds to the list of US economic indicators.
The last JOLTS report was released on April 1, covering February 2025 data. It reported job openings at 7.6 million, hires at 5.4 million, and total separations at 5.3 million. The next JOLTS report, for March 2025, is due on Tuesday, with a median forecast of 7.4 million.
A rebound above 7.6 million for crypto could signal economic resilience, boosting risk assets like Bitcoin. Strong openings suggest hiring confidence, potentially increasing disposable income for crypto investments.
However, a weaker-than-expected figure, potentially below the median forecast of 7.4 million, might stoke recession fears. Such an outcome would drive investors toward Bitcoin as a hedge.
Crypto markets react to labor market signals as they influence Federal Reserve (Fed) policy expectations. With rates at 4.25%–4.5%, a tight labor market could delay cuts, pressuring speculative assets.
ADP Employment
The ADP National Employment Report tracks private-sector job growth and will be out on Wednesday. March 2025’s 155,000 jobs beat expectations, signaling labor market strength despite tariff concerns.
A strong reading above 160,000 for crypto could ignite bullish sentiment, as job growth fuels consumer spending and risk appetite. If employment data suggests economic expansion, Bitcoin could gain more upside potential.
However, a miss below the March reading of 155,000 or below the median forecast of 110,000 might spark fears of a slowdown. This could push investors toward stablecoins or Bitcoin as safe havens.
Unlike the Bureau of Labor Statistics’ Non-farm Payrolls (NFP), ADP’s payroll-based methodology excludes government jobs. This methodology offers a granular view.
With markets eyeing Fed policy, ADP’s outcome will set the tone for Friday’s NFP.
Q1 GDP
The advance estimate for Q1 2025 GDP will be released on Wednesday. This data also measures economic growth.
Q3 2024’s 2.8% annualized rate fell short of expectations, pressured by trade deficits. Meanwhile, Q4 2024’s 2.4% reading came following a downward revision to imports.
Strong GDP growth above 3% in crypto signals economic health, often boosting Bitcoin as investors embrace risk. Nevertheless, crypto markets are sensitive to GDP revisions and influence Fed rate decisions.
With inflation concerns lingering, a strong GDP, higher than Q4’s 2.4%, might reduce rate-cut hopes, pressuring speculative cryptos. Conversely, sluggish growth could spur expectations of monetary easing.
PCE
The Fed’s preferred inflation gauge is the Core PCE (Personal Consumption Expenditures) Price Index. This US economic indicator, covering March, will come out on Wednesday this week after the March 28 data covering February.
After February 2025 saw a 2.5% year-over-year (YoY) PCE index, economists anticipate a modest drop to 2.2% for March, reflecting persistent price pressures.
Nevertheless, a PCE reading below 2.5% for Bitcoin could signal cooling inflation, raising hopes for rate cuts and boosting sentiment toward Bitcoin.
A hotter-than-expected figure above the previous reading of 2.5% might tighten Fed policy expectations. PCE’s exclusion of volatile food and energy prices offers a stable inflation view, making it a key driver of crypto sentiment.
With markets sensitive to monetary policy shifts, traders should monitor services spending, as it reflects consumer resilience. Nevertheless, volatility is likely, as PCE shapes the Fed’s rhetoric.
“March PCE inflation (out on Wed Apr 30) should read 2.1% (rounded). April PCE (out in late May) should read 2.0% (rounded). Tariffs are a boss but this is the Fed’s target measure. It could be time to cut, to be honest, politics aside,” wrote hedge fund manager Ophir Gottlieb.
Initial Jobless Claims
This week, the Initial Jobless Claims, reported every Thursday, adds to the list of US economic indicators. This data measures weekly unemployment filings. Claims are a high-frequency indicator, offering real-time labor market insights, and crypto markets often react swiftly to surprises.
For the week ending April 18, 222,000 claims indicated a steady labor market despite tariff chaos. Accordingly, claims below 222,000 could signal growing employment, fostering risk-on sentiment, and lifting Bitcoin.
However, higher claims above 222,000 could spark concerns of economic softening, driving investors to stablecoins or Bitcoin for safety. With the Fed closely monitoring labor data, an unexpected spike might fuel rate-cut speculation.
Non-farm Payrolls
The Non-farm Payrolls (NFP) report will be released on Friday. March 2025’s 228,000-job gain exceeded expectations, with unemployment at 4.2%.
A strong NFP could drive bullish momentum, as job growth signals consumer spending power. A weak report below the median forecast of 130,000 might trigger recession fears, pushing capital to Bitcoin as a hedge or stablecoins for stability.
NFP’s broad scope, covering 80% of GDP-contributing workers, makes it a market mover. Key interest will also be on wage growth, as 0.3% monthly increases suggest inflation pressures, potentially capping crypto gains.
With markets pricing in Fed policy, surprises could spark sharp volatility.
HBAR has seen a notable rally recently, bringing the altcoin back into a key consolidation zone just under $0.20. Trading close to this critical level, HBAR is showing signs of strong momentum.
A successful breach of $0.20 could mark the beginning of further upside, provided bullish market conditions continue to support the move.
HBAR Traders Are Optimistic
The market sentiment around HBAR remains highly optimistic, as indicated by its funding rate, which has stayed positive for nearly two weeks. A positive funding rate suggests that traders are confident in the altcoin’s bullish trajectory and are positioning themselves to benefit from potential gains.
Additionally, the dominance of long contracts highlights the heightened bullishness among investors. Traders are betting heavily on HBAR’s price increase, reinforcing the view that the altcoin could soon breach its key resistance.
The broader macro momentum for HBAR is mixed, presenting both opportunity and risk. The liquidation map shows that about $42 million worth of long contracts are at risk if the HBAR price falls to $0.167. This exposure underlines the critical importance of the $0.200 resistance.
Given this setup, maintaining current price levels is crucial for HBAR. If the altcoin fails to sustain its upward momentum and investors lose confidence, the resulting liquidations could significantly impact its price trajectory.
HBAR is currently priced at $0.193, holding just under the critical $0.200 resistance. This level has remained unbroken for more than a month and a half. Historically, repeated failures to breach significant resistance levels have often led to declines, making the current situation pivotal for HBAR’s near-term direction.
If HBAR fails to break through $0.200, the altcoin could lose its $0.182 support and slip to $0.167. A fall to this level would trigger the liquidation of the $42 million worth of contracts mentioned earlier, likely intensifying the downward pressure and causing further market distress.
Conversely, if broader market conditions remain favorable and investors continue to support HBAR, the altcoin could successfully breach the $0.200 barrier. Achieving this would invalidate the bearish outlook and set HBAR on a course toward $0.222, opening the door for renewed bullish momentum.
The co-founders of President Trump-backed World Liberty Financial (WLFI)—Zach Witkoff, Zak Folkman, and Chase Herro—met with Binance co-founder Changpeng Zhao (CZ) in Abu Dhabi.
Their conversation centered on developing strategic initiatives to standardize and expand the cryptocurrency industry worldwide.
What Did WLFI Co-Founders and CZ Discuss in Abu Dhabi?
WLFI highlighted the meeting in a post on X (formerly Twitter). The organization stressed that the move marked the start of a broader initiative to drive innovation in the industry. The meeting agenda centered on strategies to accelerate the global adoption of cryptocurrencies.
It also covered the creation of new industry standards. Finally, the participants discussed initiatives to push the crypto sector into its next phase of growth and development.
“The future belongs to the builders, not the bystanders. We’re just getting started,” Witkoff stated.
In a separate post on X, CZ highlighted that he also met with Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), alongside Witkoff. Notably, the meeting comes shortly after WLFI and PCC’s latest collaboration.
“Our goal is to work alongside industry leaders and showcase Pakistan as a global case study in how emerging markets can harness blockchain to create transformative opportunities,” Saqib said.
Zhao also expressed optimism about the meeting. However, he cautioned that traditional media might frame the event negatively.
“I have a feeling the trad media will try to make up some negative story about this. But we keep building,” CZ wrote.
Zhao argued that Bloomberg negatively framed his efforts by emphasizing his past legal issues rather than focusing on his current work.
Meanwhile, the criticism isn’t limited to CZ. World Liberty Financialhas also been the center of substantial scrutiny, given its ties to the President. US senators have raised concerns about potential conflicts of interest. In fact, previous reports emerged about the Trump family possibly acquiring a stake in Binance—claims that CZ strongly refuted.
Despite external scrutiny, the high-profile meeting affirms the involved parties’ commitment to building a more solid and collaborative future for the cryptocurrency sector.
Bitcoin has recently experienced a notable rally, pulling the price back above $90,000 after over five weeks of stagnation. As of now, Bitcoin is trading near $94,401, just shy of the critical $95,761 resistance.
This suggests that Bitcoin is not yet at its saturation point, with further upward momentum possible if key barriers are breached.
Bitcoin Investors Are Greedy
The market sentiment surrounding Bitcoin remains overwhelmingly positive, with investors showing high levels of optimism for further price gains. Social media posts indicate a sharp spike in bullish sentiment, with the number of optimistic (versus bearish) posts reaching levels not seen since the night of Donald Trump’s election on November 5, 2024. This surge in positivity suggests that many investors are poised to capitalize on Bitcoin’s potential growth, further fueling its rally.
However, the extreme level of greed in the market raises questions about the sustainability of this upward movement. As investor sentiment becomes increasingly optimistic, there is a risk that this could lead to a local top if too many traders become overly greedy.
The broader macro momentum for Bitcoin is signaling a rebound, particularly in the Profit/Loss (P/L) ratio, which is nearing a neutral 1.0 level. This shift indicates a balance between coins in profit and those in loss. Historically, the 1.0 threshold has acted as resistance during bear phases, but a sustained move above this level could signal a stronger recovery and continued upward momentum for Bitcoin.
While the shift towards a neutral P/L ratio suggests potential strength, it also opens up the possibility of selling pressure as investors look to lock in profits. Therefore, Bitcoin’s ability to maintain momentum will depend on how investors react to price movements and whether they decide to sell or hold their positions.
Bitcoin’s recent price action shows a 10% increase in the last seven days, trading at $94,401. The crypto king is now just below the significant $95,761 resistance level, which has been holding steady for some time. A break above this level would set Bitcoin on track to reach new highs, with $100,000 as the next major milestone.
Should Bitcoin breach $95,761, the growing greed within the market will likely encourage investors to hold their positions rather than sell. This will likely feed the altcoin’s bullish momentum, pushing Bitcoin further toward $100,000 as demand remains strong among traders eager to capitalize on potential gains.
However, if Bitcoin fails to maintain its position above $93,625, the price could fall toward the $91,521 support. A deeper decline to $89,800 could put the bullish momentum at risk, delaying any immediate recovery and increasing the chances of a consolidation phase.
Token2049 Dubai will host the most influential players in the blockchain space. Among them, Meta Earth stands out as the rising unicorn in the modular blockchain sector, being the only modular blockchain project among the title and platinum sponsors. Within just a year, its public testing has already attracted over 1 million users, with nearly 600,000 completing KYC verification. Meta Earth is bringing more than $1 million in prizes to the event, but the highlight will undoubtedly be its Official Launch Event, attended by over 300+ KOLs and top-tier media.
Meta Earth Official Launch Event
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Location: Address Sky View – Dubai
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This includes a rising capital inflow into the Bitcoin network, with total and speculative capital flows recently bottoming out. The alignment of these flows creates a solid, bullish environment for the asset.
“BTC fundamentals have turned bullish, not a bad setup to break all-time highs,” he stated.
Additionally, Woo highlighted that Bitcoin’s liquidity is deepening, as evidenced by his downward-trending Risk Model. This downtrend suggests market liquidity has returned. Therefore, future price drops will likely be smaller and less severe, reducing the risk of sharp sell-offs.
“All dips are for buying under the present regime. In the very short term, there’s good chances of dips,” Woo asserted.
Willy Woo’s Risk Signal Model for Bitcoin. Source: X/Woonomic
The analyst further noted that Bitcoin has already reclaimed medium-term price targets of $90,000 and $93,000. In addition, a new interim target at $103,000 has formed, suggesting that Bitcoin will likely reach this level before pushing toward the $108,000 all-time high.
He clarified that these targets are supported by sustained capital inflows rather than mere speculative trading, strengthening the case for a durable upward trajectory.
This implies that the coin’s current price is far above its typical range. When an asset moves this far above its average, it’s considered overextended.
“It’ll be hard to move upwards with decent momentum due to overextension,” Woo explained.
According to Woo, this metric indicates that upward momentum may be limited in the near term. Instead, the most likely outcomes are moving sideways or a slow, gradual increase rather than a fast rally.
BeInCrypto data showed that the coin’s value has recovered by 7.7% over the past week. At the time of writing, Bitcoin traded at $94,125, representing a minor downtick of 0.07% over the past day.
XRP has gained roughly 8% over the past seven days. Earlier in the week, the world’s first XRP ETF was launched in Brazil. Despite the positive momentum, XRP remains caught in a tight trading range, with key resistance and support levels still defining its short-term outlook.
Recent indicators, including the RSI rebound and a slightly bullish Ichimoku Cloud structure, point to cautious optimism.
XRP’s RSI Rebounds: What It Means for the Price Action
XRP’s Relative Strength Index (RSI) currently stands at 58.36, rising from 47.34 earlier today but still down from 77.7 reached four days ago.
This movement shows a recovery from recent lower levels, although it remains below the overbought conditions seen earlier in the week.
The recent RSI trend suggests that while bullish momentum has resurfaced in the short term, XRP has not yet regained the same strength it displayed just a few days ago, signaling a more cautious sentiment among traders.
RSI, or Relative Strength Index, is a momentum oscillator that measures the speed and change of price movements on a scale from 0 to 100.
Typically, an RSI above 70 signals that an asset is overbought and might be due for a correction, while an RSI below 30 indicates it is oversold and could be poised for a rebound.
With XRP’s RSI now at 58.36, the asset is in neutral-to-slightly-bullish territory, suggesting there is still room for further gains without immediately triggering overbought conditions.
If buying pressure continues, this could set the stage for a gradual upward move, though a lack of strong momentum could also result in range-bound trading.
XRP Hovers Above Cloud as Momentum Stalls
The Ichimoku Cloud for XRP presents a bullish structure, with the price just slightly above the cloud.
The future cloud remains green, indicating that bullish conditions are still projected ahead. However, the proximity of the lines to the price suggests some hesitation or consolidation in the short term.
The Ichimoku system fully views trend direction, momentum, and support/resistance areas.
When the price is above the cloud with a green cloud ahead, it usually signals a favorable trend, but when the Tenkan-sen and Kijun-sen hug the price closely, it can indicate a lack of clear conviction from either buyers or sellers.
In XRP’s case, the bullish trend remains intact, but the tight positioning of the lines points to a fragile uptrend where a sharp move in either direction could easily shift the structure.
XRP Outlook: Will Bulls or Bears Take Control?
XRP price is trading within a tight range, caught between a resistance level of $2.30 and a support level of $2.11.
This sideways movement comes just two days after the launch of the world’s first XRP ETF in Brazil, a development that could eventually influence market sentiment.
If XRP falls and loses the $2.11 support, it could lead to a decline toward the next support level, $2.04.
Should bearish momentum intensify further, a deeper retracement could see XRP test lower levels at $1.96, making it crucial for buyers to defend the current support zone.
Conversely, if XRP tests and breaks above the $2.30 resistance with strong bullish momentum, the next upside target would be around $2.50.
Continued strength could push the price toward $2.59, potentially extending to $2.64 if buyers maintain control.
AI coins continue to draw strong attention heading into the first week of May, with Story (IP), Virtuals Protocol (VIRTUAL), and GRASS standing out for different reasons.
Story has shown modest gains but remains below the explosive pace set by other AI projects. Conversely, VIRTUAL has surged nearly 90% in just seven days, benefiting from the renewed hype around crypto AI agents.
Story (IP)
Story (IP) is up nearly 5% over the past seven days but has been underperforming compared to other top AI-focused coins in the same period.
While many AI tokens have seen explosive gains recently, Story’s more modest move suggests a slower build in momentum.
Despite the lag, Story remains a project with strong fundamentals and growing relevance in the decentralized content space, making its recent price behavior worth watching closely.
However, if the support holds and momentum improves, IP could rally toward $4.49, and with stronger buying pressure, extend gains to $5.04 or even $6.61.
As AI narratives regain traction across the market, VIRTUAL has positioned itself as one of the top beneficiaries, quickly reclaiming attention after months of quieter trading.
The strong rally highlights the market’s appetite for AI-related projects and puts VIRTUAL in a strong position heading into the next major technical levels.
Currently, VIRTUAL is approaching a key support at $1.008; if this level is lost, the next downside targets would be $0.84 and potentially $0.54 if selling pressure intensifies.
A successful break above this resistance could pave the way for a move to $1.30, and if buying interest remains strong, even $1.50 — a level VIRTUAL has not seen since February 5—could be within reach.
GRASS
GRASS has been underwhelming compared to other major AI coins, with its price moving just 0.4% over the last seven days.
While many AI tokens have posted strong rallies recently, GRASS has remained relatively stagnant, suggesting that bullish momentum has cooled.
Despite the muted performance, GRASS still shows signs of underlying strength, but it remains uncertain whether it can capitalize on the broader AI narrative.
Technically, GRASS’s EMA lines are still bullish, with the short-term averages positioned above the long-term ones, but the gap between them is narrow, hinting that the trend could shift soon.
If selling pressure picks up, GRASS could test the support at $1.63; losing that level could lead to further declines toward $1.56 and even $1.45.
However, if GRASS can gather enough strength to test and break above the $1.74 resistance, it could open the door for a move higher to $1.82 and potentially $1.90.
The decentralized finance (DeFi) sector faced another major setback this weekend as two protocols, Loopscale and Term Finance, suffered exploits totaling over $7 million in losses.
These incidents have fueled growing concerns about the vulnerabilities of DeFi platforms in 2025.
Loopscale Loses $5.8 Million in Major Exploit
On April 26, Solana-based Loopscale reported a significant security breach impacting its USDC and SOL vaults.
The exploit drained around $5.8 million, representing roughly 12% of the platform’s total value. Notably, this attack came just two weeks after Loopscale’s official launch.
Loopscale’s co-founder, Mary Gooneratne, confirmed that an attacker exploited the system by securing under-collateralized loans.
Investigations revealed that the root cause stemmed from an isolated issue in the platform’s RateX-based collateral pricing system.
However, Loopscale clarified that RateX itself was not compromised.
“The root cause of the exploit has been identified as an isolated issue with Loopscale’s pricing of RateX-based collateral. There is no issue with RateX itself related to this. Loss of funds explicitly affects depositors to SOL and USDC Genesis vaults,” Loopscale stated.
Following the breach, Loopscale temporarily halted all markets to assess the damage.
The platform has since resumed partial operations, enabling key functions like loan repayments, top-ups, and loop closures, while vault withdrawals remain restricted.
The platform requested the return of 90% of the stolen assets and warned of legal action if the attacker did not respond by April 28.
“We agree to allow you to retain a bounty of 10% of the funds (3,947 SOL) and release you from any and all liability regarding the attack,” Loopscale added.
Loopscale is currently working with security firms and law enforcement agencies to manage the situation.
Term Finance Suffers $1.5 Million Liquidation Loss
Meanwhile, Ethereum-based Term Finance, a pioneer in scalable fixed-rate lending, also reported a security incident on April 26.
Blockchain security firm TenArmorAlert identified two suspicious transactions linked to Term Labs, resulting in losses of about $1.5 million.
“It appears that something is wrong with the liquidation. Someone spent a very small amount of ETH to liquidate over 586 Treehouse collateral,” TenArmorAlert stated.
Term Finance later confirmed that a faulty update to its tETH oracle caused the problem. Fortunately, no smart contracts were exploited, and the issue was contained within the tETH markets.
The platform assured users that all other funds remain secure and has committed to a full reimbursement plan for those affected.
These attacks contribute to a worrying trend in 2025, with crypto projects losing close to $2 billion this year.
