Crypto Market Volatility Affects Altcoin Performance

The crypto market has been experiencing a decline in recent days, with the global market capitalization falling by 2.37% over the last two weeks. This downturn is largely attributed to macro uncertainties related to the ongoing US/Israel/Iran conflict.

Despite this challenging environment, some altcoins are expected to perform well in April. Ethereum (ETH) is one such asset that has been struggling to break above its resistance level of $2,145, but it still holds a chance to recover and rise towards $2,463 if market sentiment improves.

Another altcoin worth watching is RIVER, which has recently launched on the Base network and has seen a significant surge in demand for its native token. However, technical indicator readings suggest that a potential correction may be imminent, with RIVER's price potentially dropping to $12.46 if selling pressure increases.

Hyperliquid's HYPE token is also expected to perform well due to strong demand for its 24-hour traded tokenized real-world asset perpetual contracts. However, the momentum is weakening, and a bearish signal has been triggered by the Moving Average Convergence Divergence (MACD) indicator, which may lead to a drop in price if selling pressure increases.