Major Altcoins Gain Attention Amid Bitcoin Dominance Slowdown
- Shift to Infrastructure Focus: As Bitcoin dominance shows signs of slowing, market analysts have observed a rising interest in major altcoins such as AVAX, SUI, DOT, ENA, and APT, indicating a shift towards infrastructure-based projects that could drive long-term growth for these assets.
- Avalanche (AVAX) Maintains Interest: Avalanche continues to attract attention due to its scalable blockchain infrastructure and fast transaction processing, with market watchers noting that AVAX's price volatility during bull runs makes it a key layer-one asset, drawing significant developer engagement.
- Sui (SUI) Expands Ecosystem: Sui has gained visibility among investors for its high transaction speeds and low network costs, with analysts reporting increasing development activity as decentralized applications launch on the network, showcasing the potential of newer layer-one blockchains.
- Polkadot (DOT) Returns to Focus: Polkadot has reentered market discussions due to its emphasis on blockchain interoperability, with analysts explaining that its parachain infrastructure facilitates communication between different blockchain networks, attracting developers despite slower price performance in recent months.
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Technical Analysis for APT
Technical Sentiment Analysis for Aptos (APT). As of , Aptos (APT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for APT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, APT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Aptos (APT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.441 | 0.524 | 0.591 | 0.674 | 0.741 | 0.824 | 0.891 |
| Fibonacci | 0.524 | 0.581 | 0.617 | 0.674 | 0.731 | 0.767 | 0.824 |
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