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Cryptocurrency News Articles

Aptos ‘Just Like SUI’: Chart Shows Potential 100% APT Price Surge

Oct 15, 2024 at 04:30 pm

Aptos (APT) price action has gained momentum with recent analysis suggesting that it could follow a price trajectory similar to SUI.

Aptos ‘Just Like SUI’: Chart Shows Potential 100% APT Price Surge

Aptos (APT) has been on a roll lately, and one crypto analyst believes that the token could double in price very soon.

According to a new analysis, Aptos is currently testing a key resistance zone that could lead to further price gains. The analysis also compares Aptos to another token, SUI, which saw a massive price increase recently.

Aptos Price Could Double

Aptos is trading at around $10.12 at the time of writing, pressing against a critical resistance zone. This area, typically denoted by prior price rejections, has been a point of contention for Aptos in previous attempts to move higher. However, the bullish momentum could push the token past this barrier.

A chart analysis by Chiara.sol highlights a potential breakout above this resistance zone. If Aptos manages to break through, it could pave the way for a price surge, similar to what occurred with another token, SUI.

The analysis points out that SUI also experienced a liquidity inflow and a price rally, which is being used as a comparison for Aptos.

Aptos, like SUI, is also experiencing a liquidity inflow, which could contribute to its price movement. As Aptos approaches this crucial resistance, it mirrors the pattern seen in SUI, where a similar breakout led to significant price growth.

If Aptis continues its upward trend and breaks the current resistance, it could potentially double in price, with targets set between $18 to $19. The chart shows no signs of weakening momentum, indicating that buyers are still in control.

Aptos experienced a more than 60% gain over the past month, attracting attention with its price performance. The analysis suggests that if the current trend continues, Aptos could reach the $18 to $19 price range. This would mark a nearly 100% increase from its current levels.

As Aptos moves higher, buyers are showing increased interest, pushing the token higher and making any pullbacks to the $9-$10 range potential buying opportunities. According to Chiara, this zone could act as support if the resistance is broken, and buyers may step in to capitalize on any dips.

Original source:captainaltcoin

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