- AAVE, SOL, and AVAX have broken key resistance levels and show strong bullish momentum.
- These altcoins could see significant gains and outperform Bitcoin in April.
Key Takeaways
- AAVE broke out from a descending resistance trend line.
- Solana (SOL) formed a bullish triple-bottom pattern.
- Avalanche (AVAX) completed a five-wave downward movement.
March was a volatile month for the cryptocurrency market. While Bitcoin (BTC) fluctuated between $76,600 and $95,152, several altcoins showed stronger momentum. The Bitcoin Dominance Rate (BTCD) edged up slightly from 60.81% to 61.72%, but some altcoins still outperformed BTC.
Looking ahead, three altcoins—AAVE, Solana (SOL), and Avalanche (AVAX)—show strong bullish signals and could outperform Bitcoin in April.
AAVE Breaks Resistance
AAVE had been trapped in a descending wedge since December 2024, leading to a low of ₿0.0019 in March 2025. However, on March 22, AAVE broke out of this formation, signaling potential bullish momentum.
Technical indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence/Divergence (MACD), both show bullish divergence. If this trend holds, AAVE could rally toward its next resistance level at ₿0.0028.
Solana (SOL) Forms a Bullish Pattern
SOL saw a massive 500% rally between June 2023 and March 2024 but has since corrected. However, in March, SOL formed a bullish triple-bottom pattern and successfully broke through a four-month descending resistance trend line.
Similar to AAVE, the RSI and MACD both signaled bullish divergences, reinforcing a potential upward move. If momentum continues, SOL’s next target resistance is around ₿0.0019.
Avalanche (AVAX) Reverses Downtrend
AVAX has been declining since December 2024, hitting a low of 19,860 satoshis. However, technical analysis suggests this was a completed five-wave downward movement, which often precedes a relief rally.
AVAX recently broke above a key resistance level at 24,000 satoshis, turning previous resistance into support. Both the RSI and MACD have also crossed bullish thresholds, suggesting a potential rally toward 34,700-39,300 satoshis, representing a 55% increase from current levels.
Conclusion: Altcoins Poised for Gains
AAVE, SOL, and AVAX all show promising signs of outperforming Bitcoin in April. Each has generated bullish divergences and broken out from key resistance levels. AVAX, in particular, stands out due to its completed wave count, signaling a strong reversal.
As the market heads into April, traders and investors should keep a close watch on these three altcoins. Their technical setups suggest they could be among the top gainers in the coming weeks.