Date: Fri, Oct 04, 2024, 08:35 AM GMT
The crypto market has had a rocky start to October, as rising geopolitical tensions between Iran and Israel have caused widespread panic selling. Many top altcoins saw a sharp drop, but two have bucked the trend—Aptos (APT) and Mantra (OM). Despite the broader bearish pressure, these tokens have shown strong positive momentum, signaling that a major rally may be on the horizon.
Source: Coinmarketcap
Here’s a closer look at what’s happening with these standout coins.
Aptos (APT)
Aptos (APT) has been a top performer in the last 24 hours, surging an impressive 11.27% and up 7% over the past seven days. This bullish momentum comes on the heels of a major announcement—Aptos Foundation has partnered with global asset management giant Franklin Templeton. The collaboration will see the Franklin OnChain US Government Money Fund (FOBXX) integrated onto the Aptos blockchain, a significant milestone for both Aptos and the world of decentralized finance (DeFi).
At the time of writing, $APT is trading at $8.99, having successfully retested its breakout level at $7.27. With strong momentum, the next key resistance levels for Aptos are $9.27, $9.74, and $10.38. Should Aptos break through the $10.38 level, we could witness a massive rally in its price.
Mantra (OM)
Mantra (OM), a major player in the Real World Assets (RWA) narrative, has held up strongly during the recent sell-off. Over the last seven days, $OM has gained 3.51%, and over the past month, it’s up an impressive 30%.
The excitement around OM is largely due to its highly anticipated Mainnet launch this month. The launch of MANTRA Chain is expected to bring even more RWA partnerships into play, driving further demand for the OM token.
Currently, OM is trading at $1.26, having recently broken past a key resistance level at $1.18. Its next target is $1.41, which would mark its all-time high—just 10% away from its current price. With momentum building and major developments on the horizon, OM is well-positioned to potentially hit a new all-time high soon.
Bitcoin (BTC)
Amid the panic selling, Bitcoin dropped to a low of $60,000, but it has since shown signs of stabilizing, currently trading around $61,500. If Bitcoin can hold this support level, we could see a recovery in the coming days.
Final Thoughts
Both Aptos and Mantra are showing strong potential despite a turbulent market, driven by major partnerships and upcoming developments. Investors should keep a close eye on these tokens as they could be on the verge of a significant rally.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
