This week, the global cryptocurrency market capitalization increased by 1.26%, reaching $2.4 trillion. The rise was driven by prominent altcoins during a late-stage market resurgence. Despite starting the week above $65,000, Bitcoin experienced steep declines and closed below the 50-day EMA, signaling a shift from bullish to bearish sentiment.
However, Bitcoin continued its winning streak until the day of the halving, reaching a high of $65,450, but still trading at a loss on a weekly basis. Currently, it is trading at $64,962, above the 50-day EMA. AGIX experienced a 5.41% drop on April 15.
Despite trading within a symmetrical triangle, it retested the support at $0.7666 on April 18 and made a comeback, breaching the upper trendline on April 20, coinciding with a push above the 50-day EMA. It is currently using the 0.382 Fibonacci retracement level as support and aims to breach Fib. 0.5 at $1.030 to secure a position above the $1 mark.
Worldcoin had a 6.88% drop on April 15 but quickly recouped most of these losses with a 6.16% rebound the next day. It remained in a consolidation phase, witnessing a significant 14.19% intraday gain on April 20 amid bullish sentiments from the Bitcoin halving, reaching a one-week high of $5.66. However, to surpass this level, it would need to breach a sell wall.
Its daily RSI suggests more potential for growth, and it is currently trading at $5.5. In summary, while Bitcoin faced declines and struggles to reclaim its losses, AGIX and Worldcoin experienced fluctuations but are showing signs of potential growth, leveraging market sentiments and technical support levels to drive their performance.
