Aptos Will Likely Follow SUI, Analyst Shares Two Key APT Price Levels To Watch

A recent analysis by the crypto trader Crypto Trades Made Simple explored the potential relationship between the SUI and Aptos (APT) ecosystems. The trader suggested that if Aptos can surpass certain key price levels, specifically daily closes above $9.2 and $10.7, it could indicate a bullish trend for APT.

The $9.2 level is seen as an important pivot point that could lead to further gains if exceeded. However, the trader expects more significant momentum above $10.7, which could spur a swift climb towards the $18 monthly resistance.

To support this outlook, the trader referenced APT’s historical price charts and resistance levels. These price points have previously acted as turning points in sentiment and momentum.

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Additionally, the analysis considered APT’s resilience against Bitcoin since last October, which could demonstrate a base of support for potential upward movement.

In summary, the interconnection of crypto ecosystems, combined with technical indicators, suggests APT may be positioned for a rally. Crossing the $9.2 and $10.7 price thresholds could validate a bullish view and drive the price higher. Traders and investors may want to monitor if APT can breach these levels, which could unlock greater gains.

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Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency