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Cryptocurrency News Articles
SUI, SEI, SOL, APT, and FET: Key Levels to Watch as Altcoins Test Support and Resistance
Oct 10, 2024 at 06:45 pm
The anticipation of an upcoming bull market has fueled interest in several altcoins, with traders closely watching SUI, SEI, SOL, APT, and FET.
Anticipation for the upcoming bull market has piqued interest in several altcoins, with traders keeping a close eye on SUI, SEI, SOL, APT, and FET. Recent price movements offer insights into their potential performance as they test crucial support and resistance levels. In this volatile market, these altcoins showcase diverse trends that could influence their trajectory in the next bull run.
Sui (SUI) encountered a slight decline of 4.97% over the last 24 hours, currently trading at $1.88. The price attempted to rally, reaching a high of $1.9758 before experiencing a downward movement. However, the $1.878 level emerged as a crucial support point, where the price found stability and bounced back. This support was tested multiple times, indicating strong buyer interest at lower levels.
On the other hand, the key resistance level is at $1.9758, a point SUI struggled to overcome before the sell-off. If buying pressure increases and SUI breaks through this resistance, it could signal a renewed upward trend. Conversely, failure to hold the $1.878 support may lead to further declines.
Sei (SEI)焼銭, valued at $0.4131, faced a 4.28% drop over the last day. The price reached a high of $0.4315 before pulling back. Currently, it is consolidating around $0.41, which has acted as a support level several times.
If SEI remains above this level, it could attempt another break above the $0.4315 resistance. However, a drop below this support could send the price toward the $0.40 range, a key psychological and historical support level. Volume activity suggests buyers are trying to regain control, but the bearish trend may persist if resistance levels remain unbroken.
Solana (SOL) encountered a moderate decline of 2.53%, currently trading at $140.35. The price attempted to rally during the day, reaching a high of $144.04 before dropping to a low near $138, where it found some stability. The $138 level is emerging as a significant support zone, as buyers stepped in to prevent further decline.
However, stronger support lies around $135, which could be tested if the bearish trend continues. To gain bullish momentum, SOL needs to break the $144.04 resistance, with further resistance expected in the $146-$148 range.
Aptos (APT) took a sharp hit, falling to $8.48, an 8.51% decline over the past 24 hours. A significant volume drop of nearly 40% signals reduced buying interest at lower levels.
The price is hovering near $8.40, which acts as a key support level. If this support breaks, the next psychological level could be $8.00. However, to regain bullish momentum, APT must overcome resistance between $8.90 and $9.26, a range it previously failed to hold.
Artificial Superintelligence Token (FET) encountered a 4.94% drop, now priced at $1.36. The price recently reached $1.44 before pulling back. Currently, it is consolidating near $1.35, which acts as an immediate support level.
However, if FET fails to hold this support, it could test the $1.30 level. On the upside, the price would need to break through $1.40 before challenging the key resistance zone around $1.44-$1.45. Declining volume suggests weakening momentum, which could lead to further downside unless buying interest revives.
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