5 hours ago
Cryptocurrency markets are bracing for a potential rally as Aptos shows signs of a bullish run, while Stellar seems poised for a recovery. Could May be the month that sparks growth for these two digital currencies? The article explores the signals and reasons behind the anticipated movement in APT and XLM, capturing the attention of investors. Aptos: Past Drops and Key Levels in Focus Aptos fell by 15.16% over the past month and dropped 51.49% over the last six months, with the week showing only a slight change of 0.06%. The coin has faced significant challenges, indicating a bearish market trend alongside limited short-term recovery. Historical data reveals a notable pullback, emphasizing the struggle of Aptos amidst widespread declines. Current prices are between $4.51 and $6.42. The nearest support is at $3.76, while resistance sits at $7.58, defining the immediate trading range. With bears in control, there is no clear upward trend. Trading ideas suggest buying near support levels and taking profits as prices approach resistance within this range. Stellar Price Trends: Mixed Month and Strong Six-Month Surge Stellar experienced a 10% drop over the past month but enjoyed a remarkable surge of nearly 160% over the last six months. The price action showed short-term recovery with a weekly gain of about 2.3% within a generally restricted range between $0.201 and $0.351 dollars. Historical data highlights strong long-term gains that contrast with recent short-term setbacks, suggesting a consolidation period before potential further moves. Current price levels remain near a resistance at $0.44 and a support at $0.14. With indicators like a near-neutral RSI around 47 and slightly negative momentum measures, neither bulls nor bears dominate clearly. Trading within these boundaries may present opportunities, as a breakout above 0.44 could signal renewed bullish activity, while a dip toward $0.14 may indicate further selling pressure. Conclusion APT and XLM show strong signs of potential growth. Indicators suggest that APT is preparing for a bullish move. Meanwhile, XLM appears to be gathering the momentum needed for a rebound. Analysts are optimistic that May could be a key period for both cryptocurrencies to experience significant upward trends. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
Bitzo
You can visit the page to read the article.
Source: Bitzo
Tags :
More News
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bitcoin Bullish Momentum Emerging Amid Caution for Potential Reversals Near $91K Resistance
Bitcoin is poised for a potential bullish turnaround as it breaks key resistance levels; yet, market volatility remains a key concern. Despite the positive momentum, analysts warn that Bitcoin’s recent Bitzo
Upbit Triggers Explosive Rallies for Sui Ecosystem Altcoin After Announcing Surprise Listing
South Korean crypto exchange Upbit has announced a new listing for an altcoin on Sui ( SUI ), triggering explosive price action. According to a new announcement, Upbit is supporting DeepBook ( DEEP ) for trading over the Sui network on its platform starting Tuesday. The DeepBook project is a decentralized central limit order book (CLOB), which is what exchanges use to facilitate buying and selling between traders by recording bids and offers. Says the project, “Built as a permissionless central limit order book, DeepBook works as a neutral trading floor with a set of built-in mechanisms to enable DeFi (decentralized finance) on Sui. Protocols such as Cetus, Aftermath, Kriya, FlowX and Hop Aggregator include DeepBook among their liquidity sources, creating vibrant markets for DeFi users. Protocols find DeepBook’s features and performance very compelling. Aftermath noted that its combination of transaction speed and reduced processing time enables a fully on-chain trading environment rivaling centralized exchanges in terms of liquidity and user experience.” Of the maximum supply of ten billion DeepBook tokens, 10% is earmarked for the community in an initial airdrop, about 31% is designated for core contributors and early backers and about 59% is for future grants, community programs and community initiatives. Following the announcement from Upbit, DEEP exploded from Monday’s low of $0.0842 to Tuesday’s high of $0.166, a more than 97% gain. DEEP has since retraced and is trading for $0.118 at time of writing, but is still up 30.2% on the day. With a market cap of $295.1 million, DEEP is the 204th largest crypto project. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Upbit Triggers Explosive Rallies for Sui Ecosystem Altcoin After Announcing Surprise Listing appeared first on The Daily Hodl . Bitzo
ETH
REGULATION
-
TRUMP: TARIFFS ON CHINA WILL NOT BE AS HIGH AS 145%
1 dakika önce
