Aptos (APT) continues to move strongly bullish with a 17% spike in the past day. This move started after it broke out from a price zone at around $5.77. The price has held its gains and is now hovering near $6.70, showing signs of momentum continuing to build.
Aptos Breaks Out of Descending Channel
Aptos (APT) has been trading within a descending channel for several months, consistently touching upper and lower trendlines. However, recent price action has seen a breakout from this pattern.
Crypto expert “@ZAYK Charts” on X suggested the breakout could signal the start of a 70-80% bullish wave. Right now, Aptos is trading around $6.70, but analysts project a potential rally to $10-$12, which aligns with the measured move after the breakout.
Image Source: X/ZAYKCharts
For this bullish wave to continue, APT will need to maintain momentum, with confirmation likely coming from increased trading volume. A surge in volume would provide the validation traders look for when assessing the strength of such breakouts. Resistance levels at $10 and $12 will be critical in determining whether this rally will materialize.
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Show more +Show less – Fetch (FET) Approaches Key Resistance
Fetch (FET) has also captured the attention of traders, particularly after breaking a multi-month downtrend, which has since led to a 14% price rally.
Rekt Capital, a crypto analyst on X with over 500k followers, noted that the breakout is significant and could set FET up for further gains. The token is now approaching a major resistance level around $1.779, a point where previous rallies have faced rejection.
$FET FET has rallied +14% since being featured in yesterday's Altcoin newsletterFET has broken its multi-month Downtrend, performed a decent retest attempt and looks poised to revisit the red Range High resistance over time#FET #fetch #BTC https://t.co/ULi4MTiecZ pic.twitter.com/PYlSR9yQZt
— Rekt Capital (@rektcapital) September 19, 2024
However, if FET manages to break this resistance, its next potential target lies in the $2.50 to $3.00 range, based on historical price action. Moreover, if it fails to overcome this hurdle, the token might retrace to support zones around $1.19 or even lower, toward $0.80.
Read Also: Analyst Warns of Solana’s Bearish Trend – Will SOL Price Crash to $80?
Retests and Resistance Levels Define Next Moves
APT and FET face critical price points in their respective charts. For Aptos, the breakout is promising, but it must clear resistance levels to sustain the upward trend.
Meanwhile, Fetch is positioned near a key resistance after a solid 14% rally, and its ability to break through could determine the magnitude of its next move.
Read Also: Dogwifhat (WIF) and PEPE Prices Are Pumping: Are Major Meme Coin Rallies Here?
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The post Aptos (APT) Breaks Out, But Can It Rally 80%? FET Price Approaches Key Resistance appeared first on CaptainAltcoin.
