The Bitcoin bull market is about to begin, and as a result, the altcoins are gearing up for the next move. SUI and SEI prices have been demonstrating significant movements over the past few weeks and are expected to outperform some of the top trading altcoins. However, Aptos (APT), which surged by over 35% in the past 7 days, is set to offer tough competition to SEI. With the bearish September coming to an end, here’s what to expect from these tokens by the end of 2024.
Aptos (APT) Price Analysis
The APT price broke out of the descending parallel channel and is undergoing a minor correction. Bullish sentiment is present, but the price may fall and test the local support at $7.7. The On-balance volume (OBV) remains low, which may indicate further decline and testing of the channel resistance before recovering to the key 200-day moving average at $8.71. A breakout above these levels could confirm the start of a new upward trend.
SEI Price Analysis
The SEI price halted the bearish trend that held since the rejection from yearly highs above $1. This indicates that bulls are preparing for the next move, which could be confirmed after breaking the local resistance zone at $0.44-0.45. The Relative Strength Index (RSI) remains high, continuing its upward trend despite interim pressures. This may help overcome resistance and reach $1 by the end of 2024.
SUI Price Analysis
After a 200% rally since August, the SUI price is just 25% away from yearly highs above $2. The Relative Strength Index (RSI) has been in the overbought zone for a week, suggesting the altcoin bull market has already begun. The SUI price is likely to consolidate below the resistance and then try to break through in the coming weeks. Increasing volume hints at rising volatility, potentially reaching $1.8 and then $2.
With Bitcoin’s uptrend and the stability of altcoins like Aptos, SEI, and SUI, their prices could significantly rise by the end of 2024. Pay close attention to support and resistance levels, as they could be the starting points for new upward movements.
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