#Write2Earn Ocean Protocol (OCEAN) begins its ascent to the peak
The price of OCEAN has been rising since the beginning of 2023. In October, on the sixth attempt, the asset broke through the descending resistance line that had existed since reaching the previous historical peak.$OCEAN
OCEAN hit a new yearly high of $0.88 this week, with wave analysis supporting an upward move and breakout. According to the most likely calculation, the token is in the third wave of a five-wave upward movement. If so, its price could rise to the next resistance levels at $1.36 or $2.03. In the first case, the ratio of the first and third waves will be 1:1, and in the second - 1:1.61. This would mean an upward movement of 50% and 120% respectively.
Despite the bullish outlook, a fall from current levels could trigger a 45% collapse to the nearest support at $0.55.
Aptos (APT) bounced off long-term resistance$APT
The price of APT began to rise after breaking through the long-term descending resistance line in November 2023. A parabolic upward move led to a high of $13.60 this week. Aptos reached the confluence of the $12.60 resistance levels formed by the horizontal area and the 0.5 Fibonacci resistance level. This is the last milestone that separates the asset from the all-time high of $20.55.
The weekly relative strength index (RSI) supports the breakout. The indicator is growing and approaching 70, which is considered a sign of a bullish trend.
If APT breaks above $12.60, it could rise another 70% and reach a new peak.
However, a deviation from the $12.60 area could trigger a 35% drop to immediate support at $7.90.
iExec RLC (RLC) breaks out of key resistance area$RLC
Over the past three weeks, RLC has broken out of the key $2.30 horizontal resistance area and risen above an ascending parallel channel that has existed since June 2022.
The growth was supported by the relative strength index, which consolidated above 70. Now the price of the altcoin is approaching the $5.30 resistance area, which is the last one before reaching an all-time high. If RLC breaks this zone, it could rise another 140%, approaching the $10 peak.
However, a deviation from the $5.30 area could trigger a 45% drop to the nearest support level at $2.30.