BTT, FTT, and APT Coin See Notable Price Movements as Analyst Breaks Down the Market Activity

BitTorrent (BTT), FTX Token (FTT) and Aptos (APT Coin) saw notable price movements today. These tokens are notable for their market activity. BTT rose nearly 6 percent on the day, forming a bullish ‘golden cross’. FTT rose 4 percent amid rumors about its former CEO. APT is recovering from its recent decline, rising over 4 percent. Crypto analyst Tiago Amaral breaks down these 3 tokens.

Crypto analyst highlights 3 altcoins with notable price action: BTT, FTT and APT

The cryptocurrency market has seen a downturn in recent days, but some altcoins have managed to buck the trend and post impressive gains. Three tokens that have shown particularly strong performance are BitTorrent (BTT), FTX Token (FTT) and Aptos (APT Coin).

As of today, BTT has risen nearly 6 percent, forming a bullish ‘golden cross’. FTT rose 4 percent amid rumors about its former CEO. APT is recovering from its recent decline, rising over 4 percent.

Here's a closer look at these three tokens and their recent price movements, as analyzed by crypto analyst Tiago Amaral.

Top Altcoin: BitTorrent (BTT)

On the BTT chart, the shortest-term EMA moved above the longest-term EMA, forming a ‘golden cross’, a bullish technical pattern. This indicates a potential continuation of the upside momentum.

Over the past 24 hours, BTT has seen a strong rise of about 6%. In addition, trading volume has increased sharply by 170% to $130 million. Its market capitalization currently ranks among the top 100 altcoins, at $1.25 billion.

If the uptrend continues, BTT could face resistance at $0.00000132. A break above this level would push the price towards $0.00000144 and potentially $0.00000159.

Moreover, the increasing trading volume indicates a growing interest in the token, which could further support the upward movement if the momentum continues.

However, if the trend reverses, BTT could retest the support at $0.00000123. A break below this level opens the door to declines towards $0.00000117 and $0.00000111.

Second Top Altcoin: FTX Token (FTT)

FTT has been in the spotlight following rumors that former FTX CEO Sam Bankman-Fried may be considered for a presidential pardon.

Over the past 24 hours, FTT has risen nearly 4%, pushing its market capitalization above $1 billion to $1.1 billion.

On the FTT price chart, there is an attempt to form a ‘golden cross’, a bullish technical pattern that could help revive the upside momentum.

If successful, FTT could face resistance at $3.57. A break of this level would open the door to further gains towards $3.88 and even $4.03.

However, if the trend reverses, FTT could retest its support at $3.23. A break below this level could push the price as low as $3.10. It also has the potential to fall as low as $2.64 if selling pressure intensifies.

Last Top Altcoin: Aptos (APT Coin)

APT Coin is showing signs of recovery after a difficult period, which saw its former CEO Mo Shaikh resign and the token's price drop 25% between December 20 and January 1.

Over the past 24 hours, APT has risen by more than 4%. Also, the trading volume has increased by 61% to $466 million. Currently, APT Coin has a market capitalization of $5.8 billion, ranking it among the top 30 altcoins.

The shortest-term EMA on the APT chart is rising sharply, also indicating a potential ‘golden cross’ pattern. If this bullish indicator materializes, it is possible that the APT Coin price could test the resistance at $10.93. Also, a successful breakout could push the price towards $12.3 and $13.

However, if APT fails to break the resistance at $10.93, the trend reverses. This could put downward pressure on the price. In this scenario, APT could retest the support at $9.95 and a break below this level could lead to further declines towards $9.33 and $8.42.

The opinions and forecasts in the article are those of the analyst and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.