3 Altcoins to Watch in the Second Week of April 2025

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Although the cryptocurrency market started the new week with a downward trend, upcoming developments could signal a potential reversal. Some altcoins have important external factors supporting their price movements, offering growth opportunities for investors.

BeInCrypto has analyzed three altcoins to watch this week, exploring their potential price directions.

Movement (MOVE)

MOVE price has undergone a significant 44% correction over the past two weeks, currently trading at $0.305. The price drop was particularly strong in the past 24 hours, with MOVE creating a new All-Time-Low (ATL) at $0.286, losing 23%. This decline has raised investor concerns about the potential for further price drops.

Movement is facing a Token Lockup on 09/04/2025, with 50 million MOVE worth over $15 million set to be released into circulation. The increase in new token volume could increase supply, reduce demand, which might exacerbate the current downward trend. This could push the price lower, continuing the decline.

MOVE price analysis.MOVE price analysis. Source: TradingView

Under these conditions, MOVE price might retest the $0.286 level, with the possibility of holding as support or falling further, creating a new ATL. However, if the market reaction is positive, MOVE could reclaim the $0.374 level and nullify the price drop prospects, triggering a recovery.

EOS (EOS)

EOS has emerged as one of the best-performing tokens this week, recovering 57% by the end of March. This positive momentum is a sign that the altcoin is approaching the end of its price decline.

Despite recent gains, EOS faced a 15% correction last week, currently trading at $0.72. It is holding steady above the $0.68 support level, aiming to break through the $0.76 level. This movement aligns with the potential formation of a Golden Cross, with the 50-day EMA approaching a crossover with the 200-day EMA.

EOS price analysis.EOS price analysis. Source: TradingView

If EOS fails to maintain the $0.68 support level, it could drop to the next support level at $0.61. Losing this level would nullify the price increase prospects and erase recent gains, signaling further challenges for the altcoin.

Helium (HNT)

Helium price dropped below the $2.30 support level early in the day, falling nearly 20% before a slight recovery. Currently trading at $2.39, the altcoin is showing some recovery potential. However, broader price decline signals continue to threaten HNT's price, leaving traders uncertain about its immediate direction.

Helium is expected to deploy significant updates this week, including HIP-103. These updates are likely to enhance investor confidence, potentially driving HNT's price higher. If the market reacts positively to these developments, HNT could see new momentum, with the potential for price increases in the coming days.

HNT price analysisHNT price analysis. Source: TradingView

If the market reaction is favorable, HNT price could rise to $2.75, recovering most of the 20% drop in the past 24 hours. However, if Helium fails to maintain the $2.30 level, the altcoin risks further decline, potentially dropping to $2.00, which would nullify the price increase prospects.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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