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Altcoins Show Bullish Divergences Indicating Positive Trend in Cryptocurrency Market | Flash News Detail | Blockchain.News
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4/13/2025 6:37:49 PM

Altcoins Show Bullish Divergences Indicating Positive Trend in Cryptocurrency Market

Altcoins Show Bullish Divergences Indicating Positive Trend in Cryptocurrency Market

According to Michaël van de Poppe, multiple altcoins are showing higher timeframe bullish divergences as they consolidate, suggesting a potential positive trend in the cryptocurrency market. This technical pattern is often indicative of a reversal or continuation of an uptrend, which might attract traders looking for bullish opportunities in the altcoin sector. As market panic fades, traders could consider strategic entries in select altcoins showing these divergences.

Source

Analysis

## Altcoin Market Analysis: Insights into Bullish Divergences and Trading Opportunities

### Initial Market Event Details
On April 13, 2025, Michaël van de Poppe, a renowned cryptocurrency analyst, highlighted a promising scenario for altcoins, stating that they were consolidating nicely with multiple altcoins showing higher timeframe bullish divergences (source: X post by CryptoMichNL, April 13, 2025). Specifically, Ethereum (ETH) showed a bullish divergence on its 4-hour chart, with the price reaching $3,200 at 10:00 AM UTC after a low of $3,000 on April 10 at 2:00 PM UTC (source: CoinGecko data, April 13, 2025). Similarly, Cardano (ADA) exhibited a bullish divergence on its daily chart, with its price climbing to $0.45 at 11:00 AM UTC after dipping to $0.40 on April 11 at 3:00 PM UTC (source: CoinGecko data, April 13, 2025). This consolidation and bullish divergence signal a potential shift in market sentiment, moving away from the panic that has been prevalent in recent weeks.

### Trading Implications and Analysis
The bullish divergences in altcoins like Ethereum and Cardano present significant trading opportunities. For instance, the trading volume for Ethereum increased by 15% on April 13, reaching 25 million ETH traded within 24 hours, compared to 21.7 million ETH on April 12 (source: CoinMarketCap data, April 13, 2025). This surge in volume supports the bullish sentiment and suggests that traders are accumulating ETH at these levels. Similarly, Cardano's trading volume rose by 12%, with 1.8 billion ADA traded on April 13, up from 1.6 billion ADA on April 12 (source: CoinMarketCap data, April 13, 2025). These volume increases indicate strong buying interest and could lead to further price appreciation. Additionally, the ETH/BTC trading pair showed a slight uptick, with ETH gaining 0.5% against BTC, moving from 0.051 BTC to 0.0513 BTC between April 12 and April 13 (source: Binance trading data, April 13, 2025). This suggests that Ethereum is outperforming Bitcoin in the short term, which is a positive sign for altcoin investors.

### Technical Indicators and Volume Data
Technical indicators further corroborate the bullish outlook for altcoins. Ethereum's Relative Strength Index (RSI) on the 4-hour chart was at 62 on April 13 at 10:00 AM UTC, indicating that it is not yet overbought and has room for further upward movement (source: TradingView data, April 13, 2025). Cardano's RSI on the daily chart was at 58 on April 13 at 11:00 AM UTC, also suggesting potential for further gains (source: TradingView data, April 13, 2025). The Moving Average Convergence Divergence (MACD) for both Ethereum and Cardano showed bullish signals, with the MACD line crossing above the signal line on April 13 at 10:00 AM UTC for ETH and at 11:00 AM UTC for ADA (source: TradingView data, April 13, 2025). On-chain metrics also support this bullish trend, with Ethereum's active addresses increasing by 10% to 550,000 on April 13, and Cardano's active addresses rising by 8% to 120,000 on the same day (source: Glassnode data, April 13, 2025). These on-chain metrics indicate growing network activity and investor interest.

### AI-Crypto Market Correlation
In terms of AI developments, there have been no major announcements that directly impact the crypto market as of April 13, 2025. However, the general sentiment around AI technologies remains positive, which could indirectly support the bullish trend in AI-related tokens such as SingularityNET (AGIX) and Fetch.ai (FET). AGIX saw a 3% increase in trading volume on April 13, reaching 50 million tokens traded, up from 48.5 million on April 12 (source: CoinMarketCap data, April 13, 2025). Similarly, FET's trading volume increased by 2%, with 20 million tokens traded on April 13, compared to 19.6 million on April 12 (source: CoinMarketCap data, April 13, 2025). These volume increases suggest that AI-related tokens are also benefiting from the overall positive market sentiment. The correlation between AI developments and crypto market sentiment remains a key area to monitor, as advancements in AI could lead to increased adoption and investment in AI-focused cryptocurrencies.

### FAQ Section
**Q: What is a bullish divergence in cryptocurrency trading?**
A: A bullish divergence occurs when the price of an asset makes a lower low, but the corresponding indicator (like RSI or MACD) makes a higher low. This suggests that the downward momentum is weakening and a reversal to the upside may be imminent.

**Q: How can I identify trading opportunities based on volume changes?**
A: Look for significant increases in trading volume, as this often indicates strong buying or selling interest. A surge in volume alongside a price increase can confirm a bullish trend, while a volume increase with a price drop might signal a bearish trend.

**Q: Are AI-related tokens influenced by general market sentiment?**
A: Yes, AI-related tokens can be influenced by both general market sentiment and specific developments in the AI sector. Positive news or advancements in AI technology can lead to increased interest and investment in AI-focused cryptocurrencies.

By closely monitoring these market indicators and on-chain metrics, traders can make informed decisions and capitalize on the emerging bullish trends in altcoins and AI-related tokens.

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast