Filecoin (FIL) Aims for 18% Gain as FIP 0097 Proposal Looms EigenLayer (EIGEN) Targets 16% Surge with Slashing Upgrade OFFICIAL TRUMP (TRUMP) Faces 40% Supply Increase

The crypto market continues to experience volatility, with altcoins becoming less reliant on external financial market signals and more on internal network developments to drive price movements. In the third week of April, three altcoins are particularly noteworthy: Filecoin (FIL), EigenLayer (EIGEN), and OFFICIAL TRUMP (TRUMP).

Filecoin (FIL) has shown resilience, bouncing back from a 27% decline at the end of March. Currently trading at $2.50, FIL has found support at $2.26, which has helped halt further losses and set the stage for a potential uptrend. The upcoming FIP 0097 proposal, which aims to transition to FEVM supporting transient storage and align with Ethereum’s EIP-1153, could further boost FIL’s price. This transition promises cleaner contracts, lower costs, and better compatibility, potentially driving FIL past the $2.63 resistance level and reaching $2.99. However, if FIL fails to break through $2.63, it may fall back to $2.26, risking a further drop to $2.00 if this key support level is lost.

EigenLayer (EIGEN) is poised to breach the $0.86 resistance level this week, driven by the upcoming Slashing upgrade. This upgrade introduces a free marketplace where Operators can earn rewards for their work, and AVSs can launch verifiable services. If EIGEN capitalizes on this momentum, it could surpass the $0.86 and $0.92 resistance levels, potentially reaching $1.00 and beyond. However, if EIGEN fails to breach $0.86, the price may fall back to the support level of $0.69, invalidating the bullish outlook and delaying recovery from the 41.5% losses incurred at the end of March.

OFFICIAL TRUMP (TRUMP) recently hit an all-time low of $7.14 but has since recovered to $8.33. However, the upcoming token unlock on April 18, which will release 40 million TRUMP worth $331 million, could create additional selling pressure. This event will also initiate the daily release of 492,000 TRUMP tokens, potentially weighing on the price. The surge in supply could prove bearish for TRUMP, which is already facing low demand, pushing the price back down to $7.14 or lower and potentially creating a new all-time low. However, if the price breaches $9.11, the bearish outlook would be invalidated, and recovery could occur.

In summary, the third week of April presents significant opportunities and challenges for these three altcoins. FIL’s potential uptrend hinges on the success of the FIP 0097 proposal, EIGEN’s price movement is closely tied to the Slashing upgrade, and TRUMP’s future depends on how the market absorbs the upcoming token unlock. Investors will be closely monitoring these developments for signs of a reversal or continued decline.