In this analysis, I'll be reviewing the APT coin. The Aptos project is one of Ethereum's Layer 2 solutions.
This project's token currently holds a market cap of $3.1 billion and ranks 32nd on CoinMarketCap.
Daily Timeframe
On the daily chart, you can see a very strong support level at 4.718, which has been tested multiple times. The price has once again reached this zone.
★ A descending trendline can also be drawn, showing clear reactions from the price. The area between this trendline and the 4.718 support forms a triangle pattern.
If the 4.718 support breaks, a short position could be considered. A breakdown below 37.78 on the RSI would serve as strong confirmation of bearish momentum.
The initial target for the short would be 4.338. However, if a new bearish leg forms and the market heads toward lower lows, a drop toward the 3.12 support level is also possible.
Confirmation of a bullish reversal would come from a breakout above the descending trendline. If this trendline is broken and the 6.152 trigger activates, it would justify opening a long position or even buying in the spot market.
When it comes to spot purchases, the most important factor is a trend reversal in Bitcoin dominance. Personally, I do not buy any altcoins on spot until Bitcoin dominance shifts downward on the daily chart I only trade them in futures.
Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don't forget to share this analysis with your friends! $APT
Price retested the demand zone point of $2.0309 and failed to break through, with 4 candles taking place with large wicks the bulls begin to gain strength. $ENS
Floki Inu (FLOKIUSD) made a strong rebound from its April 08 bottom, which happened to be on the Higher Lows trend-line from its 2022 Bear Cycle Low.
That was a major Buy Signal long-term and right now the price has found itself ranged within the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line).
A break above its 1D MA200 would by the next Buy Signal as it would confirm the full extension of this Bullish Leg. This is similar to what took place on Phase 2 after the start of the previous Bullish Leg (November 2023).
That structure peaked at +2217% from the bottom. If the same price rally happens again, we can expect Floki to target 0.0010 by the end of the year, which will be marginally above the 0.5 Fibonacci level of the historic Fib Channel. $FLOKI
personal idea: we can see some signs of recovery in market as the Bitcoin holding up of 102k price, if this scenario happened, pepe likely take 0.00001500 target. Good luck $PEPE #DYOR
CHILLGUY is currently consolidating above a strong demand zone and key support line. Price is squeezing into a tight range, showing signs of buildup after the recent uptrend.
As long as the support holds, a bounce toward the mid S/R levels looks likely. A strong breakout from this zone could fuel the next leg higher.
But if price loses the demand zone, it may trigger a deeper correction.
Stay alert a decisive move is nearing CHILLGUY #DYOR
Analysis: TONCOIN hit the $3.64 target with a juicy 27% gain and is now in a corrective phase at $3.15. The current setup suggests a bullish outlook, and further upside could be on the horizon.
Price Targets: Next, keep an eye on $3.50 as an initial target, with a possible push towards $4.00 if momentum builds. Watch key support around $3.00. $TON #DYOR
Bondex is a web 3.0 Talent Network where users own part of the ecosystem via tokenized rewards.
Bondex is revolutionizing the professional networking landscape through its innovative gamified Mobile App and Job Portal, offering opportunities in Web3, crypto, blockchain, NFTs, metaverse, and gaming.
Raised: $10.5M
Investors:
Animoca Brands, Morningstar Ventures, iAngels Technologies, DEXT Force Ventures.
Key Achievements:
5M+ mobile app downloads since August 2021 All time high of 1.6m MAU (Monthly Active Users) and 500K+ DAU (Daily Active Users) 4.7m Connected Wallets - see cookie 3 dashboard Massive, active community (450k X / 120k Discord / 90k TG) poised to grow further with $BDNX listing 50+ employers to the job portal including Binance, Coinlist, Chainlink, ANKR
Analysis: BNB is reflecting past bullish patterns, potentially aiming for another ATH. As ETH hovers, altcoins like JTO could see significant momentum if it mirrors BNB’s trend. Watch for confirmed pattern bottoms, signaling potential breakout moves.
Price Targets: BNB might aim for a high around $793.86. If JTO follows, initial targets could be $4.94 and possibly higher towards previous highs if momentum sustains. $JTO #DYOR
Analysis: $MAGIC is holding strong between 0.618–0.786 Fibonacci levels, developing a bullish falling wedge on the 6H chart. This pattern suggests potential upward momentum, possibly signaling a breakout.
Price Targets: Anticipate a breakout towards $0.17+. Keep an eye out for $0.17 and beyond! Remember: DYOR, NFA. 🚀 $MAGIC #DYOR
Analysis: The chart shows a bullish momentum for this cryptocurrency, co-founded by OpenAI's CEO, as it aims to establish a global digital ID system. Recent price action broke above a downward trendline, showing potential strength after rebounding from the support zone.
Price Targets: If this momentum continues, we could see initial resistance around $2.10, with a potential climb to $3.10. If the bullish trend sustains, reaching $7.50 is possible. Keep an eye on volume spikes for confirmation.
Analysis: $PNUT is tumbling, resembling a falling knife! 🚨 Currently at around $0.24, it's flirting dangerously with the $0.20 support level. Fibonacci levels suggest this is a key zone that if breached, might lead to further declines. Momentum is bearish unless it bounces off this critical point.
Price Targets: If $0.20 holds, look for a bounce back towards $0.26 and potentially $0.30. However, if it breaks, brace for a dip to $0.18 or lower. Keep a close watch on how it navigates this crucial support to gauge the next steps!
Analysis: Bitcoin's chart is showing bullish signs on higher time frames, making it worth watching closely. The price is expected to revisit the $100,300 - $97,800 range, providing a potential opportunity for long positions if the support holds.
Price Targets: If Bitcoin successfully bounces from this range, look for targets around $106,000 followed by a stretch towards $110,000. Keep an eye on those levels to maximize gains! $BTC #DYOR