The cryptocurrency market is buzzing with anticipation as investors search for the next promising altcoins. Stellar (XLM) and Aptos (APT) have emerged as potential contenders, catching attention with their recent performance. Signs suggest these coins might be gearing up for significant moves. Exploring their recent developments could reveal if they are set to lead the upcoming rally.
The cryptocurrency market is abuzz with anticipation as investors scour the landscape in search of the next promising altcoins. Stellar (XLM) and Aptos (APT) have emerged as potential contenders, garnering attention with their recent performance and sparking speculation about their readiness to lead the upcoming rally.
Recent developments suggest that both XLM and APT might be gearing up for significant moves. Stellar is eyeing a breakout above the $0.10 resistance, while Aptos bulls are targeting the $11.21 resistance level.
As we delve deeper into their recent performance and technical indicators, we'll assess the likelihood of XLM and APT leading the next crypto bull run and uncover any signs indicating their preparation for such a role.
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Stellar (XLM) Eyes Breakout Above $0.10 Resistance Amid Bullish Signals
Stellar (XLM) is currently trading in a narrow range between the $0.09 and $0.10 price levels, with the nearest resistance at $0.10. A breakout above this resistance could see XLM rallying towards the next resistance level at $0.11, which would mark an increase of around 10% from current prices.
Technical indicators for XLM are hinting at slight bullish momentum. The Relative Strength Index (RSI) is at 52.71, indicating that the coin is not yet overbought and has some room to grow further. Stochastic is at 53.93, suggesting a neutral trend with a slight bullish bias.
Meanwhile, the MACD level is positive at 0.0003803, suggesting potential upward movement. A breakout above the immediate resistance level could see bulls targeting higher levels of support.
If XLM breaks above the $0.10 resistance and continues rising, it could be setting the stage for further gains and a potential role in leading the next crypto bull run. However, a failure to break through this resistance or a pullback could delay its entry into the race.
Aptos (APT) Poised for Breakout as Bulls Target $11.21 Resistance
Aptos (APT) has been on a roller coaster ride of late, surging nearly 20% in the past month despite a slight 1.46% dip over the past week. However, the coin is still up for grabs as bulls prepare for the next move.
After surging nearly 100% in January, APT prices have consolidated in the past week as it trades within a range of support between $9.50 and $10.60. Technical indicators are showing signs of a potential breakout, with the immediate target being the resistance level at $11.21.
If bulls manage to push APT above this resistance, the next level of support could be at $12.31, which would mark an increase of about 20% from current prices. Aptos is up nearly 200% year-to-date, outperforming most altcoins in the top 100.
With the altcoin market showing signs of a bull run, Aptos may be poised for further gains and a potential role in leading the next crypto bull run. However, a breakout from the immediate resistance is crucial for this scenario to unfold.
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