Bittime - Although major altcoins experienced a lull after a 2% drop in Bitcoin prices, altcoins with small market capitalization (low cap) actually showed brilliant performance. PYTH and APT tokens led this move, indicating a possible breakout rally this week.
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PYTH Network: Ready to Break $2 Level?
PYTH's 4-hour chart shows a bullish reversal, reviving its uptrend. Sunday's 8.26% gain signals the end of the pullback and a possible breakout above trendline resistance.
Buyers took control around the crucial $1-$0.90 support zone, driving the recent surge. Based on Fibonacci retracement levels, PYTH appears poised to reach the 50% level of $1.16 , potentially printing new highs. Sustained momentum could push the price to $1.45 , with the ambitious 1.618% Fib level near $2 acting as the next psychological barrier.
Check Market: Buying and Selling & Trading PYTH/IDR
Aptos: Heading to Test $20 Level?
Looking from a broader perspective via the daily chart, Aptos shows a rounding bottom pattern. This bullish reversal, starting from a low of $4.72 in October 2023, resulted in a significant gain of 258% over 25 weeks.
The golden cross formation between the 50 and 200 day exponential moving averages (EMA) further strengthens the uptrend. APT is currently testing resistance at $18.40 , and a breakout could push the price beyond the $20 level .
The Fibonacci extension level suggests a potential target of $26.85 this week, in line with the 1.618% level of the rounding bottom breakout. In the long term, the price pattern shows an ambition to reach $32 .
Check Market: Buying and Selling & Trading APT/IDR
Breakout Rally in Sight?
Growing bullish momentum in PYTH and APT increases the likelihood of a breakout rally this week. This is further reinforced by the overall market anticipating a bull run driven by the upcoming Bitcoin halving. PYTH and APT present an interesting opportunity for investors looking to capitalize on potential price spikes.
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How to Buy Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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