Aptos (APT) And SUI Are At Key Support After A Sharp Decline – Will A Recovery Pattern Emerge?

Two prominent cryptocurrencies are experiencing significant challenges. Both Aptos (APT) and SUI have hit crucial support points following steep drops. The big question on traders' minds is whether these assets can bounce back. This article dives into their potential for recovery and the emerging patterns that may signal a turnaround.

Aptos Market Dynamics: Past Drops and Fresh Support Levels

Aptos experienced a weekly gain of 5.56%, but it suffered a 10.89% decline over the past month and a 29.04% drop in the last six months. The price has faced clear downward pressure over the longer term, with short-term recovery hints that have not yet overturned the bearish trend. Recent actions indicate that overall sentiment is testing lower levels as the market processes previous losses.

Current pricing falls between $4.77 and $8.01, with strong support at $3.07 and resistance near $9.55, along with a second resistance around $12.79. Signals are mixed, showing near-neutral momentum and an RSI close to 49, suggesting balance with no clear trend. Traders might look for a break above $9.55 to signal a bullish turn or consider cautious positions near the support level.

SUI Market Trends: Volatility Meets 6-Month Recovery

SUI experienced a sharp drop over the past month with a 34.60% decline, yet showed a strong 47.04% gain in the last six months. A week saw a decrease of 4.04%, highlighting volatile short-term moves contrasted by a robust longer-term rebound. Price movements have fluctuated within a realistic trading band, showing both pressure and potential renewed buying interest as recovery gains are evident.

Current price rests between $2.11 and $3.83 with resistance emerging around $4.83 and a support zone near $1.40. Bears seem active in short periods with downward pressure while the long-term recovery hints at underlying strength. Consider buying near support levels and watch for bouncebacks to clear resistance for controlled risk.

Conclusion

APT and SUI have experienced significant declines. Both coins are now at crucial support levels. This might provide a base for a possible recovery. Close monitoring of price movements and market conditions will be essential. A rebound pattern could form if selling pressure eases. However, if the support fails, further declines may be expected. Investors should watch for breakout indicators to confirm any bullish trend reversal.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.