- LINK broke out from a wedge; eyes 18,000 satoshis if momentum holds.
- STX completed correction; bullish divergences support a potential rally to 1,520 satoshis.
- DOGE reversed from key support; breakout suggests a climb toward 220 satoshis.
April has been a good month for crypto investors. Many thriving altcoins hit their lowest points on April 7. That day marked a shift. Several of them broke through long-term downtrends and started climbing again. But even with altcoins bouncing back, Bitcoin’s dominance grew. It jumped from 62.30% to 64.66% last month. Despite that, a few altcoins still managed to outshine BTC. Now, these three promising cryptos seem ready to run in May.
Chainlink (LINK) Kicks Off a Bullish Reversal
LINK has been on the move since bouncing off a key level on April 7. This bounce confirmed support from a descending wedge pattern. It then broke out of that wedge on April 19. After the breakout, LINK came back to retest the wedge’s resistance—this time as support. So far, it’s holding strong. That retest makes the breakout more reliable. The MACD showed a bullish divergence before LINK started rising. That’s usually a solid sign. And while the RSI hasn’t crossed 50 yet, it’s climbing. If LINK keeps pushing, it could rally to 18,000 satoshis. That’s the next major resistance level.
Stacks (STX) Eyes a Strong Comeback
The price of STX dropped over 70% from its high in December 2024. On April 7, it hit a low of 641 satoshis. Since then, the chart shows potential for a recovery. The wave count suggests that STX finished a full five-wave correction. That usually leads to a relief rally. The indicators back this up. Both the RSI and MACD flashed strong bullish divergences. And now, RSI has moved above 50, hinting at renewed strength. If STX clears the 850 satoshi resistance, it could double. The next big target is around 1,520 satoshis. That matches the 0.382 Fibonacci resistance level.
Dogecoin (DOGE) Breaks From a Downtrend
DOGE peaked at 462 satoshis in November 2024. Since then, it’s been stuck in a deep correction. But it seems that phase is over. On April 7, DOGE bounced from the 170 satoshi level. That bounce confirmed support. Then, on April 23, DOGE broke out of its descending wedge. That move usually signals a shift to a bullish trend. Both the MACD and the RSI showed bullish divergences before the breakout. Now, both are climbing. Soon, DOGE will likely test 220 satoshis if momentum continues.
LINK, STX, and DOGE show strong technical setups after bottoming in April. Each altcoin broke out or is close to doing so. Their indicators support more gains ahead. These three could easily outpace Bitcoin this May.
