- Sui (SUI): After a 146% gain over the past year, SUI is testing crucial support at $2.18. Bulls need to push above this level for a sustained rally, with the Stochastic RSI potentially signaling another surge.
- Aptos (APT): APT is bouncing off its key $5.11 support level, which has historically led to massive price surges. With the Stochastic RSI at the bottom, a fourth rally could be in the works.
- Near Protocol (NEAR): NEAR has risen 8.5% to test the important $2.56 support. Bulls need to hold this level to avoid a reversal, with Fibonacci levels suggesting possible upside if the rally continues.
Bitcoin and the broader crypto market are currently seeing a bit of a relief rally on Tuesday. But here’s the question: is this just a short-term blip, or could this be the beginning of something much bigger? Coins like Sui (SUI), Aptos (APT), and Near Protocol (NEAR) are bouncing hard right now. So, how high can these cryptos climb? Let’s dive into it.
Sui (SUI) Back to March 2024 Level
SUI is back at the same price level it was in March 2024. But here’s the catch—it doesn’t feel like it’s really gone anywhere. Sure, it had a solid 146% price increase over the past year, but that doesn’t change the fact that it’s been a bit of a rollercoaster. Right now, it’s sitting below a crucial horizontal support at $2.18. Tuesday’s price surge has pushed it back up to this level, but for this to mean more than just a temporary bounce, bulls need to break through that $2.18 barrier and keep it as support.
Looking at the weekly chart, this support level is even more significant. The question now is whether we’re about to confirm the breakdown of the ascending trendline. But hey, there’s still time left in the week for that story to unfold. At the bottom of the chart, the Stochastic RSI is starting to bottom out, much like it did from May to July 2024. We saw a huge surge when it crossed up back then. Could history repeat itself? The weekly close could be a crucial step in this unfolding drama.
Aptos (APT): Is a 4th Major Surge Coming?
Aptos (APT) has hit a key horizontal support at $5.11 again—something it’s done three times in the past. And each time, APT has surged, with massive gains of 297%, 277%, and 198%. It’s a pattern that has traders excited. The Stochastic RSI is at the bottom once more, which could signal that another upside surge is just around the corner. If it plays out like before, APT might be gearing up for a big move upward. Is the fourth surge on the horizon?
Near Protocol (NEAR): Bulls Must Hold $2.56
Near Protocol (NEAR) saw an 8.5% rise on Tuesday, pushing it back to a critical horizontal support level of $2.56. For this rally to have legs, the bulls need to keep pushing, and the price must close the week above that $2.56 level. If this turns into resistance again, it could really hurt the momentum for NEAR, at least for the short term. But if the bulls can hold it, and if the Stochastic RSI rises from the bottom, signaling upside momentum, then the Fibonacci target levels could point to some interesting price action ahead.
The Bottom Line
So, what’s the deal with these altcoins? The rally could just be a short-term blip, but there’s a chance it could spark something bigger. If bulls can hold those key levels and the Stochastic RSI indicators rise, we could see some nice upward moves. Keep an eye on these levels—$2.18 for SUI, $5.11 for APT, and $2.56 for NEAR—as they could determine the direction for the next few weeks.
