Despite a minor pullback in Bitcoin, which dipped below the $63,000 mark and caused a slight deceleration in altcoin movements, two cryptocurrencies—SUI and Aptos (APT)—are defying the odds and continuing to climb. With SUI surpassing the $2 threshold and Aptos approaching the psychologically significant $10 mark, the upside potential for these two cryptos looks massive. Will they emerge as the shining stars of this October’s crypto rally? Let’s delve into Coinpedia’s analysis of SUI and APT to find out.
SUI – A Steady Climb
SUI has been on a tear, recently reclaiming the $2 mark with a remarkable 7.55% surge in the last 24 hours. This uptick completes an impressive 8.29% gain over the past week, showcasing a rounding bottom reversal on its daily chart. The formation of a bullish engulfing candle last night signals strong buying interest, challenging the 100% Fibonacci level at $2.07. Currently trading at $2.04 with a market cap of $5.63 billion, SUI is gearing up for more gains.
Technical indicators also support SUI’s bullish momentum. The MACD is showing a positive crossover in the positive territory, complemented by a rise in bullish histograms. A breakout above the neckline at $2.07 could pave the way for further upside, with the next target likely to be the $1.00 psychological mark.
In short, SUI boasts a 50% upside potential in the short term, positioning it as a strong contender for the title of top-performing crypto this week.
Aptos (APT) – Riding the Bullish Wave
Aptos is also making waves in the market, currently trading at $8.91 with an intraday gain of 2.65%. Recent price action indicates a bullish breakout above a medium-term resistance trendline and a critical resistance level at $7.42. After successfully retesting these levels, Aptos is maintaining its momentum above the $8 mark.
Aptos has crossed the 23.60% Fibonacci level at $8.11, further confirming its bullish trend. The 50-day and 200-day Exponential Moving Averages (EMA) are teasing a bullish crossover, and another morning star pattern is emerging, suggesting that the bullish rally could continue.
Looking ahead, the next target for APT appears to be the 38.20% Fibonacci level at the $10 mark. If this target is met, it will complete a rounding-bottom pattern that could extend into late October. For those bullish on Aptos, further upside could see prices reaching the 61.80% and 78.60% Fibonacci levels at $13 and $15.28, respectively.
Also Read: XRP Lawsuit Heats Up – SEC Appeal Sparks 77% Trading Volume Surge As Legal Battle Extends To 2025
The Future Looks Bright
As Bitcoin experiences fluctuations, SUI and Aptos are carving out their paths, indicating strong bullish trends. With the potential for significant price increases, both cryptocurrencies are worth keeping an eye on as we move further into October.
If you’re interested in the future price targets for SUI and how far it can rise above the $2 mark, be sure to check out our SUI Price Prediction to see what the future holds for this Solana killer. Will SUI and APT rise to the occasion and lead the charge in the upcoming crypto rally? Only time will tell, but the signs are certainly pointing in their favor.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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