Altcoins posted strong gains in March as the broader cryptocurrency market recovered. This bullish momentum came despite heightened geopolitical tensions in Ukraine and the U.S. Federal Reserve beginning its rate-hiking cycle for the first time since 2018. Below are several altcoins to consider for April, with a summary of recent performance drivers and key technical levels.
Ethereum (ETH)
Ethereum performed well in March as the Kiln testnet successfully completed a key merge milestone, advancing the network’s transition to proof-of-stake. Increased on-chain activity — reflected in rising total value locked (TVL) across DeFi and NFT ecosystems — supported ETH’s momentum.
Investor focus on the merge suggests ETH could continue to perform in April. Some analysts expect Kiln to move beyond testnet phases soon, while others anticipate a longer cadence. On shorter-term charts, ETH appears to have formed a peak near $3,488 in March, with a likely pullback toward support near $3,046 before resuming an upward trend.
Terra (LUNA)
LUNA enjoyed a robust month in March, reaching new highs as interest in the Terra USD stablecoin and growth across Terra-native DeFi applications such as Anchor Protocol and Lido picked up. Developer activity and capital inflows have strengthened the network’s fundamentals.
Terra remains an attractive option for April given the project’s successful fundraising efforts and growing developer adoption. Announced plans to allocate large Bitcoin purchases also bolstered market sentiment. On the daily chart, LUNA cleared a key resistance level at $106 in March — its previous all-time high — increasing the likelihood of additional gains as the market re-tests and extends past that level.
Cardano (ADA)
Cardano experienced a pronounced downtrend in recent months, with long-term holders seeing substantial unrealized losses versus the all-time high. In March the network staged a recovery: TVL climbed to over $300 million, largely driven by activity on MinSwap, while bargain-hunting by investors supported price gains.
ADA found strong support around $0.7320 in March and moved above its 50-day moving average, signaling potential continuation of the rebound in April. A key level to watch for further upside is $1.50.
Dogecoin (DOGE)
Dogecoin has been mostly overlooked in recent months, pulling back to lows near $0.1084 — roughly 81% below its 2021 peak and 61% beneath its October high. The decline reflects a lack of clear bullish catalysts.
Despite bearish technicals, DOGE could stage a recovery in April as investors hunt for bargains. Meme assets have shown renewed volatility and parabolic moves in some cases, which can lift related coins. DOGE has established support near $0.08400, a level that may limit downside in the near term.
Waves (WAVES)
Waves is a blockchain project positioning itself as a high-performance alternative to Ethereum and has been used to build platforms such as Neutrino and Waves Exchange. WAVES moved parabolic in March, climbing from under $15 to above $60 as developer activity and TVL surged.
Record TVL—driven by Neutrino, Vires Finance, and Waves Exchange—helped fuel the rally. A near-term retracement in April is possible as the market shifts into distribution, but the overall bullish trend may resume later if on-chain growth continues.
Hedera Hashgraph (HBAR)
Hedera Hashgraph is a smart contract platform known for high throughput and enterprise use cases, with partners that include large corporations. HBAR’s price fell sharply from highs around $0.58 to lows near $0.188 but found firm support at that level in March.
Following the bounce, HBAR moved above its 50-day moving average while the Relative Strength Index (RSI) pointed higher. Having lagged peers such as Near Protocol and Algorand, HBAR could attract renewed interest from investors seeking value as the market looks for overlooked opportunities.
Chiliz (CHZ)
Chiliz is focused on the emerging fan-token sector, enabling fan token offerings (FTOs) and partnerships with major sports teams. CHZ’s price declined with the broader pullback in fan-token valuations, but recent signs point to a rebound as market capitalization climbs and the sector regains momentum.
CHZ found support near $0.1584 in March and rose above its 25-day moving average. Continued adoption and sports partnerships may help sustain gains heading into April.
STEPN (GMT)
STEPN was one of March’s breakout performers, moving parabolic and entering the top 100 cryptocurrencies by market cap. The platform incentivizes physical activity by rewarding users with GMT tokens when they walk, jog, or run while wearing NFT sneakers tracked through the app.
GMT’s price surge was driven by strong user interest and FOMO; this momentum could carry into April as more participants seek exposure to the project’s novel play-to-earn fitness model.
Enjin Coin (ENJ)
Enjin has been active in the blockchain and NFT space for over a decade, providing tools for minting and managing NFTs. ENJ found a floor near $1.27 in March and began a bullish trend, moving above the 25-day moving average and breaking a descending trendline.
ENJ’s prospects are supported by deeper integration with its Efinity network and continued developer adoption, making it a coin to watch for additional upside.
VeChain (VET)
VeChain was once among the top cryptocurrencies by market cap but later declined before seeing renewed demand in March. VET cleared the 23.6% Fibonacci retracement and moved above its 50-day moving average, signaling a potential return of buyers.
Given this technical improvement and renewed interest in VeChain’s supply-chain and enterprise use cases, the token may continue to attract buyers through April if momentum persists.