Altcoin Watch: DEXE, ENA, and M Show Bullish Setups for April 2026
Three altcoins, DeXe (DEXE), Ethena (ENA), and MemeCore (M), are exhibiting strong bullish technical setups heading into the fourth week of April 2026. Merchants should monitor these for potential trading opportunities as they show signs of significant upside potential.
As April 2026 draws to a close, several altcoins are presenting compelling technical charts that suggest potential for further price appreciation. DeXe (DEXE) is leading the pack with a substantial 63.8% weekly gain, having cleared key Fibonacci retracement levels with strong momentum. Ethena (ENA) has broken a multi-month downtrend, indicating a potential shift in market sentiment, while MemeCore (M) is consolidating above a confirmed breakout zone, riding an exponential support curve.
DeXe's impressive rally has seen it surpass previous resistance at $12.50-$13, now acting as support. The next upside targets are identified at the 0.786 and 1.0 Fibonacci retracements, potentially reaching its February 2025 high. While MACD remains bullish, the RSI shows early signs of bearish divergence, and declining volume suggests a need for fresh buyer interest to sustain the upward trend.
Ethena (ENA) has gained 27.1% this week, breaking above a significant descending trend line that had been in place since November. With rising volume and RSI showing room for further upside, ENA is targeting key Fibonacci retracement levels, with the 0.618 retracement at $0.2519 representing a substantial potential gain. A confirmed close above $0.1435 would be a strong indicator of continued bullish momentum.
MemeCore (M) has achieved a 24.2% weekly gain after breaking out of a multi-month resistance zone and successfully retesting it as support. The token is currently supported by an exponential curve, with deeper corrections limited by the 0.618 Fibonacci retracement. Despite constructive MACD and RSI, similar to DEXE, declining volume indicates that sustained price extension will likely require new buyer participation.
These altcoin movements, particularly the technical breakouts and consolidations, can create opportunities for P2P merchants. Monitoring these setups for potential arbitrage and spread capture on USDT pairs will be crucial. The market's reaction to these technical levels and the influx of new buyers will dictate the sustainability of these bullish trends.