Will $APT eventually take a similar path?

growthmindset
4 min readOct 13, 2024

We are currently seeing Bitcoin in a consolidation phase, but a three-month bull market is expected to emerge soon. Today, we have a very strong signal to share regarding $APT.

While most assets are moving sideways — aside from meme coins, which are performing as expected in this meme coin cycle — there is one standout, $SUI, that continues to perform well regardless of market conditions.

This prompts two key questions:

  1. Why is $SUI outperforming, and why hasn’t $APT followed the same trajectory?
  2. 2. Will $APT eventually take a similar path?

In this analysis, we will thoroughly examine Aptos from both a fundamental and technical standpoint, exploring the key factors that could influence its current and future performance.

Click the link below to view the entire Discord discussion @Quantico_xyz

It’s possible that I overlooked certain Alpha or lessons that are hidden throughout the whole talk we had the previous evening. https://shorturl.at/syoMe

Let’s break down the reasons behind $SUI’s strong performance into two key reasons:

R1: The Move blockchain, which powers $SUI, has gained significant attention from the investment fund community. Many funds view it as a strong investment opportunity and are considering it for inclusion in their portfolios. This increased recognition has driven growing interest and confidence in $SUI.

R2: Additionally, Grayscale Investments introduced the Grayscale SUI Trust, giving institutional investors direct exposure to Sui’s native token. This institutional support has boosted demand, which is likely to have a positive impact on the token’s price as more capital enters the ecosystem.

Why hasn’t $APT followed the same trajectory?

The answer is simple: it’s going to, and all signals point in that direction. Fundamentally, the reasons behind $SUI’s strong performance also apply to $APT, as both share similar underlying strengths. However, based on technical analysis, which we will explore further in this post, Aptos is positioned to be even more bullish. The technical indicators suggest that $APT is a strong buy, offering a great opportunity for substantial gains in the near future.

As you can see in the chart above, since the inception of Aptos, the data has consistently demonstrated a solid and clear trend, supporting our analysis. Let’s dive into two key aspects of this analysis:

A1: What we’ve observed in numerical terms with Primary Box Theory, which aligns with the habits of seasoned traders. This theory helps us understand the market phases Aptos has gone through and highlights the important price levels where accumulation or distribution occurred, providing insights into future price movements.

A2: All the technical parameters defining the trade and why we are bullish. These include key indicators such as the Symmetrical Triangle Pattern, Bollinger Bands, Higher Lows, 20-Period Moving Average, and the Key Resistance Level.

The convergence of these signals suggests strong upside potential, making $APT a compelling buy opportunity. For A1, we can see in the first chart that Aptos has attempted to break down twice and failed. This shows strong support at lower levels, and based on this pattern, it is highly likely that the price will move higher from here, indicating a bullish trend.

As we can see in the second chart, I have highlighted a circle that indicates a point of high strength. This suggests that we are very likely to see the price reach $15 soon, and the long-term outlook is also highly bullish.

In A2, we will discuss the 1-month and 3-month horizon using key indicators to support this analysis and further confirm the bullish trend.

1-Month Outlook: Once the price breaks above the $12–$13 resistance level in the coming weeks, we will see a move toward the $18 mark, signaling a significant rally. The narrowing Bollinger Bands and the consolidation pattern indicate strong momentum from this breakout. Key indicators, such as trading volume and confirmation of the breakout above the upper trendline, will support this upward move.

3-Month Outlook: In the next three months, Aptos will break its all-time high (ATH), around $20. With continued positive market sentiment and increased trading volume, Aptos will push through key resistance levels and target $25 and beyond, confirming a strong long-term bullish trend. In summary, the breakout above $12–$13 will push the price toward $18 within a month. Over the next three months, Aptos will break its ATH around $20 and reach $25 as bullish conditions continue to drive the market higher.

If you find this useful, please follow @cryptodurgesh and Medium Page. This journey is here to stay forever.

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growthmindset
growthmindset

Written by growthmindset

Discord - .growthmindset | nad @monad_xyz | Graphic Designer | @pipeline_xyz Intern | @InitiaFDN Intern | Monad Developer https://github.com/growthmindsetgg

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