{"id":653940,"date":"2024-11-20T12:00:19","date_gmt":"2024-11-20T12:00:19","guid":{"rendered":"https:\/\/wncen.com\/?p=653940"},"modified":"2024-11-19T19:00:16","modified_gmt":"2024-11-19T19:00:16","slug":"aptos-following-suis-lead-analyst-says-apts-explosive-breakout-targets-20","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/aptos-following-suis-lead-analyst-says-apts-explosive-breakout-targets-20\/","title":{"rendered":"Aptos Following SUI\u2019s Lead? Analyst Says APT\u2019s \u2018Explosive Breakout\u2019 Targets $20"},"content":{"rendered":"

Aptos (APT) recorded a 37.6% surge in the last two weeks, reclaiming its Q1 levels. According to some market watchers, the cryptocurrency\u2019s recent performance follows SUI\u2019s lead, which has set the stage for a massive rally toward a new all-time high (ATH) in the coming weeks.<\/p>\n

Related Reading: Bitcoin \u2018Parabolic Phase Just Begun\u2019, Is BTC Hitting $100,000 This Week?<\/a><\/div>\n

Aptos To Follow SUI Steps<\/h2>\n

Aptos has recorded a remarkable performance amid the market\u2019s rally. Following the US presidential elections, the cryptocurrency has climbed from the $7.8 mark to reclaim the $11 support zone for the first time since late April.<\/p>\n

According to some crypto analysts, APT\u2019s chart displays a similar trajectory to SUI\u2019s. Analyst Alex Clay pointed out<\/a> APT\u2019s performance is \u201cfollowing SUI steps perfectly,\u201d suggesting that a breakout might be coming soon.<\/p>\n

Per Clay\u2019s post, Aptos\u2019s chart displays the same price action as SUI, starting with a decline from its 2023 highs followed by a rise toward March\u2019s highs. After Q1\u2019s performance, the cryptocurrencies retraced over 70%, making a higher low (HL) from last year\u2019s bottom and rising near March highs.<\/p>\n

However, SUI took the lead<\/a> and is currently in its \u201cprice discovery mode\u201d after surpassing its March ATH a month ago. In the last month, the token surpassed its previous high several times, setting its latest ATH of $3.92 two days ago.<\/p>\n

Based on this, the analyst suggests that investors should \u201cwait for APT to breakout and price discovery.\u201d Another market watcher previously noted that SUI and APT were moving in a \u201ccatch-up trade\u201d path for the last year.<\/p>\n

The trader explained<\/a> that the cryptocurrencies followed a similar path before SUI \u201cdecoupled\u201d twice. Following SUI\u2019s takeoff, APT experienced an over 40-day lagging period before resuming its run.<\/p>\n

At the time of the report, Aptos was two weeks away from catching up on SUI, which now coincided with the post-election run. An SUI-like breakout could see APT surpass the $18 mark and soar toward a price discovery zone above the $20 range.<\/p>\n

APT Eyes $20 Target<\/h2>\n

Crypto analyst Quinten highlighted<\/a> APT\u2019s recent performance, asserting that it is \u201creclaiming its dominance, printing consistent higher highs and higher lows.\u201d He also noted that the token\u2019s chart shows \u201cstrong accumulation leading up to this explosive breakout.\u201d<\/p>\n

Last week, the token soared over 40% toward its monthly high of $13.3, a level not seen in seven months. Since then, the cryptocurrency has moved sideways, consolidating between the $11.5-$12.6 price range, briefly losing the lower range when Bitcoin (BTC) retraced toward $87,000.<\/p>\n

Related Reading: Crypto Analyst Warns of Potential Bitcoin Market Shift as Exchange Reserves Decline<\/a><\/div>\n

The $11 mark was a significant resistance throughout Q3, with APT being rejected<\/a> from this range several times. However, the token has successfully held above this level for seven days.<\/p>\n

As a result, the analyst believes the current momentum could send Aptos to a new ATH, as the \u201cnext big psychological and technical target\u201d is at the $20 mark.<\/p>\n

At the time of writing, APT is trading at $11.79, a 2.2% decline in the daily timeframe.<\/p>\n

\"APT,
Aptos (APT) performance in the weekly chart. Source: APTUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Aptos (APT) recorded a 37.6% surge in the last two weeks, reclaiming its Q1 levels. According to some market watchers, the cryptocurrency\u2019s recent performance follows SUI\u2019s lead, which has set the stage for a massive rally toward a new all-time high (ATH) in the coming weeks. Related Reading: Bitcoin \u2018Parabolic Phase Just Begun\u2019, Is BTC Hitting $100,000 This Week? Aptos To Follow SUI Steps Aptos has recorded a remarkable performance amid the market\u2019s rally. Following the US presidential elections, the cryptocurrency has climbed from the $7.8 mark to reclaim the $11 support zone for the first time since late April. According to some crypto analysts, APT\u2019s chart displays a similar trajectory to SUI\u2019s. Analyst Alex Clay pointed out APT\u2019s performance is \u201cfollowing SUI steps perfectly,\u201d suggesting that a breakout might be coming soon. Per Clay\u2019s post, Aptos\u2019s chart displays the same price action as SUI, starting with a decline from its 2023 highs followed by a rise toward March\u2019s highs. After Q1\u2019s performance, the cryptocurrencies retraced over 70%, making a higher low (HL) from last year\u2019s bottom and rising near March highs. However, SUI took the lead and is currently in its \u201cprice discovery mode\u201d after surpassing its March ATH a month ago. In the last month, the token surpassed its previous high several times, setting its latest ATH of $3.92 two days ago. Based on this, the analyst suggests that investors should \u201cwait for APT to breakout and price discovery.\u201d Another market watcher previously noted that SUI and APT were moving in a \u201ccatch-up trade\u201d path for the last year. The trader explained that the cryptocurrencies followed a similar path before SUI \u201cdecoupled\u201d twice. Following SUI\u2019s takeoff, APT experienced an over 40-day lagging period before resuming its run. At the time of the report, Aptos was two weeks away from catching up on SUI, which now coincided with the post-election run. An SUI-like breakout could see APT surpass the $18 mark and soar toward a price discovery zone above the $20 range. APT Eyes $20 Target Crypto analyst Quinten highlighted APT\u2019s recent performance, asserting that it is \u201creclaiming its dominance, printing consistent higher highs and higher lows.\u201d He also noted that the token\u2019s chart shows \u201cstrong accumulation leading up to this explosive breakout.\u201d Last week, the token soared over 40% toward its monthly high of $13.3, a level not seen in seven months. Since then, the cryptocurrency has moved sideways, consolidating between the $11.5-$12.6 price range, briefly losing the lower range when Bitcoin (BTC) retraced toward $87,000. Related Reading: Crypto Analyst Warns of Potential Bitcoin Market Shift as Exchange Reserves Decline The $11 mark was a significant resistance throughout Q3, with APT being rejected from this range several times. However, the token has successfully held above this level for seven days. As a result, the analyst believes the current momentum could send Aptos to a new ATH, as the \u201cnext big psychological and technical target\u201d is at the $20 mark. At the time of writing, APT is trading at $11.79, a 2.2% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":645140,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87237,85692,93142,87338,87322,26263,92978,10923,89756,87261,88213],"class_list":["post-653940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-apt","tag-aptos","tag-aptos-network","tag-aptos-price","tag-aptusdt","tag-crypto-analyst","tag-crypto-bull-run-2024","tag-crypto-market","tag-crypto-trader","tag-sui","tag-sui-network"],"acf":[],"yoast_head":"\nAptos Following SUI\u2019s Lead? 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.","url":"https:\/\/wncen.com\/author\/rubmargarcia\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Aptos Following SUI\u2019s Lead? 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