Crypto prices held steady in April, with Bitcoin rising by over 14% and most Solana meme coins making a strong comeback. This recovery may continue in May as trade tensions ease and investors rotate back to risky assets. This article looks at top cryptocurrencies like Virtuals Protocol (VIRTUA), Voxies (VOXEL), and Fartcoin (FARTCOIN).
VIRTUAL price prediction
The VIRTUAL price went parabolic in April as investors bought the dip and as demand for its ecosystem rose. Top tokens like Ribbita, GAME, and aixbt surging by double digits.
The token bottomed at $0.4135 on April 8 and then staged a strong comeback to $1.6, its highest level on February 1. At its highest point, the coin was up by almost 300%, making it one of the best performers in the crypto industry.
VIRTUAL price has moved above the 50-day Exponential Moving Average (EMA), which is providing substantial support. It has also moved to the 23.6% Fibonacci Retracement level.
The coin’s oscillators, like the Relative Strength Index (RSI), Stochastic, and MACD, have continued rising this year. Also, the Average Directional Index (ADX) has tilted upwards and is now hovering around 40.
Therefore, the path of the least resistance for the VIRTUAL price is bullish, with the next important target to watch being at $2.8, the 50% retracement level, which is about 77% above the current level.
A drop below the psychological level at $1 will invalidate the bullish outlook and point to more downside in the near term.
Fartcoin price technical analysis
The daily chart shows that Fartcoin, one of the top Solana meme coins, was one of the best performers in the market as it jumped by over 480% from its lowest point this year. This surge has brought its market cap to over $1 billion.
The 50-day moving average supports the coin’s surge. It is also nearing the 50% Fibonacci Retracement level. Also, the Average Directional Index show that the strength of the trend is good.
The risk, however, is that the coin has formed a rising wedge chart pattern. This pattern comprises of two ascending and converging trendlines. It often leads to a strong bearish breakdown when the two lines are about to converge.
Therefore, there is a risk that the Fartcoin price will have a bearish breakdown, potentially to the key support at $1 soon. A break above the key resistance at $1.5 will point to more gains soon.
Read more: Fartcoin price is rising: here’s why this Solana meme coin could double
Voxies price technical analysis
The VOXEL price also went parabolic this week, making it one of the best-performing coins in crypto. It was up by over 750% between its lowest and highest levels in April, pushing its market cap to over $30 million.
Voxies price now trades at $0.11, up by 430% from its lowest point this year. It has also moved slightly above the 50-day moving average.
Also, the Average Directional Index (ADX) has soared to. There are signs that the coin has become highly overbought, meaning that a pullback is possible. However, a jump above the highest point in April will signal that there are more bulls keen to push it higher this month.
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