Bitcoin has risen sharply this week, breaking through the $68,000 mark again as of this morning (18th), and is currently priced at $68,200. The rising trend of Bitcoin has also driven many altcoins (Altcoins)

Two currencies worth paying attention to: Aptos ($APT) and Injective ($INJ). Support and resistance level analysis can be used as a reference.

Injective ($INJ): Soaring after listing on Upbit

Injective ($INJ) hit a 16-day high of $23.09 on Thursday, driven by its listing on South Korean cryptocurrency exchange Upbit.

Although $INJ has experienced a 7% correction since reaching its high and is currently trading at $21.8, the market bullish sentiment remains strong.

From the MACD indicator (exponential moving average convergence divergence), the MACD line (blue line) is currently above the signal line (orange line) and the zero axis, indicating that the short-term moving average is significantly higher than the long-term moving average, and the market momentum is positive.

In addition, $INJ’s open interest has increased by 19% in the past 24 hours to $95.17 million, indicating that new funds are flowing into the market and traders are actively building positions, confirming signs of a strengthening bullish trend.

A key resistance level for $INJ is $22.01. If the bullish momentum continues and this resistance is successfully breached, it could spark a 54% rally that would take the price to $33.38, the high reached in June this year.

If profit-taking increases, $INJ could drop to $15.79. Failure to hold this support could open up opportunities for a further drop to $13.50.

Apartments（$APT）

The relative strength index (RSI) is currently at 53.75, down from 76 four days ago, indicating that the current bullish momentum is weaker than the recent peak. However, the current RSI still shows a neutral to bullish outlook.

Despite the recent gains, the market is not yet overextended, which means there may be room to rise as the RSI is still well below the overbought zone.

On the other hand, $APT’s Ichimoku shows that the price is currently above the green cloud (Kumo), and the green line has also surpassed the red line, reinforcing the bullish sentiment.

In addition, the Tenkan-sen is slightly above the Kijun-sen but is showing a converging trend. If the Tenkan-sen crosses below the Kijun-sen, it could indicate a reversal or a weakening of bullish momentum.

$APT Price Prediction

The future trend of $APT remains optimistic. If the current upward trend continues, it may reach $14.42. If it can break through this resistance level, it is expected to climb further to $17.89, the highest point since April 1 this year, which will bring APT a 76% increase, showing strong upside potential.

Once the trend reverses, $APT might drop to the $8.45 support and it might even drop to the $7.86 low.

Currently, altcoins are generally in a consolidation phase after the pullback from the March/April highs. However, the accumulation of time in the chip law is crucial, and there are no signs that altcoins are ready in batches. It is worth noting that many of the target chips failed to form an effective distribution and passively pulled back to the low point, which means that market makers still have the motivation to maintain prices or drive a rebound in the short window after the sentiment freeze. This may be a positive signal.

The current market opportunities are mainly concentrated on the game of chips. This highlights the current lack of narrative and the weak endogenous driving force of the industry. Except for AI and Meme, there is no obvious capital synergy and main narrative trend. The market's pricing model and gameplay transformation have gradually been recognized by more practitioners.

However, the characteristics of the reflexive market remain the same. If this trend continues, pure game driven by narrative and chips may reappear in the future, which will once again highlight the "casino" nature of the market. From the perspective of secondary market operations, the grasp of the escape window and the choice of escape posture become increasingly important.

In general, the wide range of fluctuations will eventually end, and the risk-return ratio of profiting through "selling high and buying low" will drop significantly. It is a wiser choice to stay focused on the market and do a good job of identifying the turning point after the market trough.