BTT, FTT, and APT Are Grabbing Attention Today With Notable Price Movements and Market Activity

BTT has risen nearly 6% in the past 24 hours, forming a bullish golden cross and experiencing a 170% surge in trading volume to $130 million.

Highlighting some of the most notable price movements and market activity among the top altcoins, let's delve into a closer analysis:

1. BitTorrent (BTT) has recently experienced a golden cross formation, a bullish technical indicator that occurs when a shorter-term moving average crosses above a longer-term moving average. This formation typically signals potential sustained upward momentum in the asset's price. Over the last 24 hours, BTT has risen nearly 6%, surging with a 170% increase in trading volume to $130 million. This altcoin now boasts a market cap of $1.25 billion, ranking it among the top 100 altcoins.

If the uptrend continues to unfold, BTT could encounter resistance at the price level of $0.00000132. A successful breakout above this level may drive the price toward the next resistance zones at $0.00000144 and potentially $0.00000159. The increasing trading volume also indicates growing interest in the asset, which could further support upward movement if the momentum holds.

However, if the trend reverses and BTT faces downward pressure, it may retest the support at $0.00000123. A break below this level could lead to declines toward the next support zones at $0.00000117 and $0.00000111.

2. FTX Token (FTT) has gained attention following rumors that former FTX CEO Sam Bankman-Fried might be up for a presidential pardon, which has been a subject of discussion. Over the last 24 hours, FTT has risen roughly 4%, pushing its market cap back above $1 billion to $1.1 billion.

A glance at the FTT price chart reveals an attempt to form a golden cross, a bullish technical indicator that could reignite upward momentum in the asset's price. If this bullish formation materializes, FTT could test the resistance at $3.57, and breaking this level may lead to further gains toward $3.88 or even $4.03.

However, if the golden cross fails to materialize and the trend reverses, FTT could retest its support at $3.23. A break below this level might push the price further down to $3.10, with a potential decline to $2.64 if the selling pressure intensifies.

3. Aptos (APT) is showing signs of recovery after a challenging period. Its price dropped 25% between December 20 and January 1 due to the resignation of its former CEO, Mo Shaikh. Over the last 24 hours, APT has gained more than 4%, with trading volume surging 61% to $466 million. Currently, APT holds a $5.8 billion market cap, placing it among the top 30 altcoins.

The shortest-term EMA line for APT is rising sharply, signaling the potential for a golden cross formation. If this bullish indicator materializes, APT price could test the resistance at $10.93, and a successful breakout may propel the price toward $12.3 and $13.

However, if APT fails to break the resistance at $10.93, the trend may reverse, putting downside pressure on its price. In this scenario, APT could retest the support at $9.95, and a break below that level might lead to further declines toward $9.33 and $8.42.