Preferred Virtual Coins to Observe During the Fourth Week of April 2025
The cryptocurrency market is on a roll, with altcoins and Bitcoin collectively recovering thanks to recent growth. But don't let market trends or momentum be your only guiding factors for price growth.
Looking ahead in April, BeInCrypto highlights three cryptos for investors to keep an eye on as some significant events are lined up this week.
Tutorial (TUT)
TUT's price has been stable for the most part this month, currently hovering just below the $0.027 resistance level. A successful breach of this barrier is crucial for recovery from the 53% losses suffered in March. If TUT's price climbs above $0.027, it could signal a positive trend with potential upward movement in the next few weeks.
If things go well, TUT might push itself toward the next resistance level at $0.039. However, if TUT can't break through $0.027, it may slip below $0.021, potentially erasing the bullish outlook and driving the token down to $0.015.
Want a $10 bonus on eToro? Just follow these three steps:
- Sign up for an account
- Deposit $100
- Invest with the understanding that you could lose all the money you put in - this is high-risk investment!
Injective (INJ)
Injective's price has recently shot up by 17%, thanks to excitement surrounding the upcoming Lyota Mainnet Upgrade due on April 22. The upgrade is expected to improve Injective's infrastructure, performance, and transaction speeds. This has sparked optimism, driving the price higher in the short term.
Currently, Injective is close to the $9.11 resistance level at $8.97. If it manages to surge past this threshold, the price could move beyond $10.00, potentially reaching $10.35. But if it fails to break through the $9.11 resistance, the token price could drop below $8.40, leading to a retreat and perhaps dipping to $7.64.
BNB
BNB's price is currently at $604, facing a two-month downtrend. It's struggling to breach the resistance of $611. The Lorentz opBNB mainnet hard fork today aims to boost the chain's speed and responsiveness, potentially providing the catalyst needed for BNB to break the $611 resistance and push the price toward the $647 level, eliciting bullish sentiments.
However, if the hard fork's effects don't live up to expectations, BNB might struggle to maintain its upward momentum. In this case, the price may slip below the support of $576, potentially falling as low as $550, potentially continuing the downtrend.
Remember that this investment advice is for informational purposes only and shouldn't be taken as financial or investment advice. BeInCrypto strives for accurate, unbiased reporting, but market conditions are subject to change without notice. Do your own research and consult with a professional before making any financial decisions. Our Terms, Privacy Policy, and Disclaimers have been updated.
TUT (Tutorial)
Analysis suggests that in the short-term (April 24–30, 2025), TUT might hover between $0.02826–$0.02829 (MEXC's 5% annual growth model)[1][2][3], conflicting with Binance's bullish $0.05456 target by April 26 (+233.58%)[1][2]. For the full 2025 range, predictions diverge wildly, with Binance forecasting an average of $0.04428 and Telegaon pointing to a range of $0.17–$0.65[4]. The $0.05456[1][2] and $0.07877[1][2] serve as potential resistance levels.
Caveat Emptor
Cryptocurrency markets are inherently speculative, with projections often diverging widely[2][4]. Always verify predictions using various technical indicators and news sources before trading.
- Despite the overall positive trend in the cryptocurrency market, it's crucial not to depend solely on market trends for price growth.
- The upcoming week in April could be significant for three cryptos: Tutorial (TUT), Injective (INJ), and BNB, as highlighted by BeInCrypto.
- TUT is currently trying to breach the $0.027 resistance level, a key milestone for potential upward movement in the next few weeks.
- BNB is facing a downtrend and is struggling to break the $611 resistance due to a hard fork aimed at boosting the chain's speed and responsiveness.
- Injective has recently seen a 17% increase in price, propelled by anticipation for the Lyota Mainnet Upgrade.
- If TUT fails to break through the $0.027 resistance, it may fall below $0.021, potentially erasing the bullish outlook.
- Divergent predictions exist for TUT's price in the long term, with Binance forecasting an average of $0.04428 and Telegaon pointing to a range of $0.17–$0.65.
