Notable Altcoins.
This weekend could be a positive event for the crypto market as macro conditions gradually improve. With Bitcoin stabilizing around the $107,000 mark and geopolitical tensions easing, altcoins are likely to benefit. Therefore, this article will analyze three altcoins with potential for price increases this weekend.
Aptos (APT)
In the past week, the price of Aptos (APT) has increased by 7% and at one point stabilized above the $5 mark. However, APT faced rejection at a significant resistance level of $5.06 – a barrier that has previously hindered upward momentum multiple times. Currently, the price is trading at $4.78, just below the resistance level of $4.79. Therefore, breaking through this level will be crucial for APT to maintain its upward momentum and expand the upward trend.
If APT can turn the resistance zone at $4.78 into support, the next targets will be $5.06 and $5.41 – a new monthly high. Additionally, the Parabolic SAR indicator is currently acting as support, further reinforcing APT's potential to continue its bullish trend.
APT Price Analysis | Source: TradingView
However, if APT cannot break through the $5.06 level, this altcoin may reverse and decline to the support area of $4.49. Losing this support level would indicate increased bearish pressure, which could cause APT to drop to the $4.33 mark. This would invalidate the current bullish outlook and could end the upward trend.