Get started

Layer2

AVAX Can harness gaming for a great second cycle!Avalanche ( CRYPTOCAP:AVAX ) is an innovative Layer 1 blockchain designed to compete with Ethereum in terms of smart contract capabilities, scalability, and transaction speed. Launched in 2020, it has quickly gained traction among developers looking to create decentralized applications. With its compatibility with the Ethereum Virtual Machine (EVM), developers can effortlessly write smart contracts in Solidity, facilitating a smooth transition from the Ethereum ecosystem. The Avalanche network leverages subnets to enhance its transaction capacity, boasting the ability to process up to 6,500 transactions per second (TPS). Additionally, it features a limited supply and operates on a deflationary model. Ethereum has yet to dent Bitcoin dominance and ignite a widespread altcoin season. Currently, the sentiment surrounding ETH is at a historic low, and its price remains well below its previous peak. This situation creates a unique chance to transform fiat currency into investments in top blockchain projects, AVAX being a good example, enhancing one's investment portfolio. @TheCryptoSniper #HVF #HuntVolatilityFunnel
Long
by BallaJi
TradeCityPro | MNT: Layer 2 Project's Market Movements👋 Welcome to TradeCityPro! In this analysis, I will review the coin MNT, a layer 2 project that has experienced significant growth in recent months. 📅 Weekly Timeframe: Engaged with ATH Ceiling In the weekly timeframe, as you can see, there is limited data, and since the inception of this coin, it has created a significant ceiling at 1.4264, which it has touched twice and is currently being rejected from again. 🧩 The main supports are at 0.5450 and 0.3278. The SMA25 also acts as dynamic support. Due to limited data in this timeframe, it's better to move to the daily timeframe for a more detailed chart analysis. 📅 Daily Timeframe: Beginning of the Next Correction Wave In the daily timeframe, we observe a strong upward trend starting from a low of 0.5450, reaching up to 1.3997, and forming a range box between 1.0861 and 1.3997. 🔽 Currently, the price is breaking the floor at 1.0861. This area is critical as the price has historically reacted to it, and it coincides with the 0.382 Fibonacci level. If this floor breaks, the price could move towards the 0.618 and 0.786 Fibonacci levels. ✨ The RSI oscillator, with its break below 50, has activated a negative divergence in the market, and with the increasing volume of sales, the likelihood of starting the next correction wave is high. 🛒 If the price returns above 1.0861, the trigger at 1.3997 will be suitable for buying in spot. Otherwise, you should watch for the price reaction to upcoming supports. ⏳ 4-Hour Timeframe: Futures Triggers In the four-hour timeframe, I will only examine futures triggers. 🔼 For long positions, the first trigger is 1.1478, which has shown to be a strong level as the price has already pulled back to it once, highlighting its importance. If this area and 54.85 are broken, more bullish momentum will enter the market, potentially moving the price towards the main resistance at 1.3997. 📉 For short positions, the first trigger is 1.0311, which the price has already reacted to. If the price consolidates below this area, we can expect it to reach 0.8718. Additional triggers might include Dow Theory and breaking lower lows for further positions. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
6
Breaking: $DELAY Set for 100% Surge After Days of Consolidation$DELAY, the first memecoin-focused Layer 2 blockchain built on Ethereum, is making waves with a potential 100% price surge. After a week-long correction, the token’s chart patterns and technical indicators point to a bullish breakout, making it a key player in the crypto market. Technical Outlook Since its launch on November 14, 2024, $DELAY has experienced an incredible 30,000% increase, showcasing its immense potential. However, after hitting its peak, the token underwent a correction phase. Now, technical indicators suggest a strong bullish setup: - Symmetrical Triangle Pattern: On the 2-hour chart, $DELAY exhibits a bullish symmetrical triangle pattern, indicating a potential upward breakout. - Relative Strength Index (RSI): Currently at 47, the RSI provides ample room for upward momentum, reinforcing the bullish thesis. - Key Support and Resistance Levels: Immediate support lies at $0.000000380, with resistance at the 38.2% Fibonacci retracement level, marking critical zones for traders to watch. - Trading Volume: The daily trading volume of $DELAY stands at $83,609.69, a 4.10% increase over the past 24 hours, signaling renewed market interest. Why $DELAY Stands Out $DELAY isn’t just another token; it’s an innovative Layer 2 solution tailored for the memecoin market. Built on Ethereum, it combines speed, security, and accessibility to revolutionize trading. Here’s what makes $DELAY unique: - Fast and Cost-Effective: With transaction fees below $0.001 and up to 50,000 transactions per second (TPS), $DELAY ensures seamless trading experiences. - AI-Driven Security: Advanced AI algorithms detect bots and snipers, offering users informed investment decisions while mitigating scam risks. - Fiat On-Ramp: Users can purchase memecoins directly with credit cards, bridging the gap between traditional finance and blockchain. - Telegram Mini-App Integration: With over 1 billion users on Telegram, $DELAY’s mini-app aims to onboard a massive audience to its platform. Market Performance -All-Time High: $0.000002382 (recorded on November 28, 2024), currently 73.56% lower. - All-Time Low: $0.0000004278 (recorded on November 15, 2024), currently 47.19% higher. - Market Capitalization: $3,020,725, ranking #2877 on CoinGecko with 4.8 trillion tokens in circulation. Why $DELAY is Poised for Growth The consolidation phase and the current technical setup create an ideal environment for a bullish breakout. As the first memecoin-focused Layer 2 blockchain, $DELAY is positioned to capitalize on the growing demand for innovative, secure, and user-friendly crypto solutions. Its AI-driven approach, low transaction costs, and unique integrations make it a standout in the Ethereum ecosystem. Conclusion $DELAY’s blend of strong technical signals and groundbreaking fundamentals positions it as a top contender for traders and investors. With the potential for a 100% surge, $DELAY is not just a token but a glimpse into the future of memecoin trading. As always, conduct thorough research and monitor market trends to make informed decisions. Stay updated on $DELAY’s progress and explore its platform to be part of this revolutionary journey.
UNISWAP:DELAYWETH_9E19A5.USDLong
by DEXWireNews
Can Manta Network Become the Best Layer 2 (investing chart... )hello dear trader... Can Manta Network Become the Best Layer 2 Solution? Given the unique features of Manta Network, including its integration with the Polkadot ecosystem, focus on privacy, strong Binance backing, and commitment to decentralization, the project has substantial potential to become one of the top Layer 2 solutions in the blockchain space. If the development team can overcome technical challenges, address competition, and achieve widespread adoption, Manta Network could emerge as a leading privacy-focused Layer 2 protocol. Ultimately, the future of Manta Network depends on market developments, user adoption, and the performance of the development team, but the project certainly holds a promising future in the evolving world of blockchain and decentralized finance (DeFi). good luck
Long
by mehdi_kb
TradeCityPro | APT: Daily Trend Breaks and Bottom Forming👋 Welcome to TradeCityPro! In this analysis, I will examine the APT coin, the primary coin of the APTOS network, which is one of Ethereum's second-layer networks. This analysis will be conducted in the daily timeframe. 📅 Daily Timeframe: Breaking the Curved Trend Line and the First Bearish Leg In the daily timeframe, we are witnessing a strong upward trend that started from the $4.89 area with a curved ascending trend line up to $14.75. This trend line supported the price three times but finally broke on the last contact, initiating the start of a bearish wave from this trend line break. 📊 After the price reached the peak of $14.75, the market volume gradually decreased, and after forming a lower high and breaking the curved ascending trend line, the market momentum shifted and the bearish phase began. 🔽 The main correction trigger after the trend line break was the break of $11.28, which coincided with the 0.236 Fibonacci level, making this area a strong Potential Reversal Zone (PRZ). However, the bearish volume and momentum were strong enough to break this support. 🔍 Currently, the price is attempting to round off and form a bottom. It's also the Christmas holiday season, and the market volume has decreased, which could make it easier for whales and holders of this coin to facilitate bottom formation. Additionally, the price has reached the golden Fibonacci zone between 0.5 and 0.618, which could significantly influence the end of the correction and the continuation of the upward trend. 🧩 The RSI oscillator is also in a critical and interesting area. If it stabilizes below 30 and enters the Oversell region, there might be panic in the market, potentially leading to a sharp drop. For the continuation of the upward trend and a new bullish leg, the RSI needs to rise above the 50 area to introduce momentum into the market. 📉 If further correction occurs, the next support level is at $7.51, and in the event of panic and sharp declines, the next support would be at $4.89. 🔼 For long positions, if the momentum changes, the market will create a new structure and provide triggers, but currently, the only triggers are at $11.28 and $14.75. The next resistance will be at $17.96. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
14
TradeCityPro | MNT: Momentum in Mantle's Layer 2 Network👋 Welcome to TradeCityPro! In this analysis, I’ll review MNT, the token for the Mantle Network, which is a Layer 2 solution on Ethereum. Over the past few weeks, this token has shown significant bullish activity. If you’ve been following our YouTube channel, you’ve likely participated in the Cook airdrop on Mantle and bought MNT at lower prices. 🔍 After the price reached the $1.2701 zone and made a false breakout, it failed to reach the $1.4386 resistance level and began a correction, retracing to the 0.236 Fibonacci level. 📊 Despite the ongoing correction, selling volume has decreased, and green candles exhibit higher volumes, indicating the strength of MNT’s bullish trend. 📈 If the price breaks through $1.2701, it can easily register a new all-time high. However, to determine the precise targets, we need to wait for the breakout confirmation and utilize Fibonacci extension levels. 🧩 If the price fails to hold the 0.236 Fibonacci level, it could drop further toward the 0.382 level, which overlaps with the $0.9248 support zone. 🔽 Further support zones include the 0.5 Fibonacci level at $0.83 and the range between 0.707 and 0.786 Fibonacci levels, which intersects with the $0.655 support zone. A breach of the $0.655 support would indicate the end of the uptrend, with the final major support resting at $0.5373. ✨ Additionally, breaking the 50 RSI support would increase the likelihood of a bearish continuation scenario. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ above.
Long
by tradecitypro
17
$TLOS Weekly - Fastest, Cheapest & Reliable Web3 ProductTelos released EVM 2.0 Upgrade See below: We are pleased to announce that as of November 20, 2024, Telos EVM version 2.0 has been successfully deployed to production. It is now accessible at: Mainnet: rpc . telos . net Testnet: rpc . testnet . telos . net Key Features and Technical Considerations This significant upgrade brings our network closer to feature parity with Ethereum while reducing the install footprint. However, there are a few technical considerations to note: EIP-1559 Support The fee market change introduced in the London hard fork (EIP-1559) is still under development and not yet supported. Long-Running Operations Long-running multicall (eth_call) read-only operations will no longer time out. Long-running transactions, however, remain constrained and should be batched. Solidity Version Limitations No new changes to Solidity version compatibility. Version 0.8.23 is fully supported, and 0.8.24 is partially supported. See more details here. Transitioning to Version 2.0 To modernize our infrastructure, we will discontinue support for EVM versions 1.0 and 1.5 in phases. Partners should prepare for this transition to avoid disruption. Block Hash Calculation Changes Version 2.0 introduces a new block hash calculation methodology: Partners not relying on block hashes can migrate seamlessly. For those dependent on block hashes (e.g., exchanges, indexers, subgraphs), re-indexing the chain may be required. Note: Transaction hashes remain unchanged. Rate-Limiting for Legacy Versions Effective January 6, 2025, we will begin rate-limiting all Telos hosted 1.x RPC infrastructure: Initial limits: 50 requests per second Further reductions will follow to encourage migration to version 2.0. Deprecated RPC Endpoints The following Mainnet RPC endpoints will soon no longer be supported: mainnet. telos. net/evm mainnet15. telos. net/evm mainnet-us. telos. net/evm mainnet-eu. telos. net/evm mainnet-asia. telos .net/evm Resources for Node Operators If you are interested in running your own Telos EVM node, detailed resources are available: Installer Script and Documentation: GitHub Repository Support: Telos Developer Community Next Steps We strongly encourage all partners to begin migrating to Telos EVM 2.0 as soon as possible to take advantage of its enhanced capabilities and ensure uninterrupted service. Best regards, Telos Core Developers
Long
by DaVinci_PR
2
TradeCityPro | OPUSDT Analysis Prepare Your Bullish Triggers!👋 Welcome to TradeCityPro Channel! Let’s dive into the market and analyze OPUSDT, focusing on a detailed breakdown of its structure. Remember, those who stay calm and manage their emotions during market corrections are the ones who profit big in the bull run. 🌍 Market Overview As always, we start with Bitcoin. Currently, it’s undergoing a minor pullback with hourly red candles and good volume. However, this is a positive development as it signals a potential pullback in Bitcoin dominance, possibly forming a lower high on the daily timeframe—a bullish indicator for altcoins. Currently, Bitcoin is fluctuating around the 94,660 support. If this level is broken and Bitcoin moves toward 91,000 with a rising dominance, altcoins could see another 20-30% drop. 🕒 Weekly Time Frame OP is a relatively new coin, part of the Layer 2 category, and hasn’t experienced a bull run yet. The weekly candle shows a strong rejection at 2.688, making it a better resistance level than the previous 3.016. This rejection also enhances the significance of the 2.688 entry point. Additionally, there’s a hidden trendline that has acted as support in the past, and after breaking it, the price pulled back. It has rejected this level again, suggesting potential future significance. For safer entries, wait for support confirmation on lower timeframes or a breakout above 2.688. If you already bought at the 1.93 breakout, hold your position and remain patient. 📊 Daily Time Frame On the daily chart, after breaking out of the accumulation box between 1.324 and 1.833, the price moved the size of the box to reach its first target (R:R 1). From there, it faced a heavy rejection. pullback to the 1.833 support seems logical as this level aligns with the 50% Fibonacci retracement and Dow Theory principles. Confirmation on lower timeframes could signal a bullish reversal. For now, wait for the downward momentum to fade before planning new entries. If the market moves sharply upward, this could introduce strong bullish momentum, allowing for higher-risk entries. 🕒 4-Hour Time Frame On the 4-hour chart, the coin broke a rising trendline, leading to a drop. I personally didn’t open any short positions, nor would I recommend them in this context. If 2.049 support is broken and Bitcoin dominance rises, the price could drop further to 1.833. Decision-making at that level will be key. 📈 Long Position Trigger if the price ranges between 2.049 and 2.283 and starts gaining bullish momentum, a breakout above 2.283 with increasing volume would offer an early entry opportunity. 📉 Short Position Trigger while breaking 2.049 might seem like a trigger, I still don’t recommend it. If you choose to short, watch the RSI, which is deeply oversold. 💡 BTC Pair Insight In the current conditions, the Bitcoin pair (OPBTC) might not hold much significance. Coins that have either not dropped much or completed healthy corrections with declining bearish momentum are more favorable. For OPBTC, the key trigger would be a breakout above 0.00002975, which could signal the start of its upward move in a bullish market. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
8
A8USDT.P on the 3D chart Breaking Out of Consolidation?Ancient8 - Breaking Out of Consolidation? - **Trendline Breakout**: The chart shows a clear breakout above the descending trendline, signaling a potential bullish shift in momentum. The breakout is accompanied by increased volume, validating the move. 📈 - **Volume Spike**: A significant spike in volume indicates strong buyer interest, which could fuel further upward movement. - **Moving Averages**: The 20-day MA is sloping upwards, providing short-term support. The price is now trading comfortably above it, suggesting that momentum is shifting in favor of buyers. - **Indicators**: - **RSI** at **54.44** suggests neutral territory but trending upward, indicating building momentum. - **MACD** has crossed bullish, with both the signal line and histogram showing positive trends—another confirmation of the bullish breakout. - **OBV** is climbing steadily, reflecting strong accumulation by buyers. - **Key Levels**: - Immediate resistance lies near **$0.108**. A daily close above this level could confirm the breakout and open the path to higher levels. - Support is found at **$0.083**, the breakout point from the trendline, and should hold to maintain the bullish outlook. Conclusion: The breakout above the trendline, coupled with strong volume and bullish indicators, points to a potential shift in momentum for **A8USDT.P**. A sustained close above **$0.108** would confirm this breakout and could attract more buyers. Watch for follow-through in volume and price action to solidify the bullish scenario. 🚀
Long
by vagada
Arbitrum and Optimism are becoming very interesting.According to previous cycles, when Bitcoin dominance peaks, Ethereum rises. Arguably, we are there, or about to be, and that made me focus on its ecosystem. Two of its most known layers 2 are Optimism and Arbitrum, and I want to bring to your attention their charts against BTC. Optimism is breaking out of a descending wedge, and its target is about 5200 sats, which is in fact a previous support/resistance. Volume is confirming the breakout, and we got a narrative on ETH. Arbitrum is also breaking out of the same figure, whose target is about 1200 sats. Volume is increasing lately as well. I'm already posicioned, but in case there is a retracement I'd ancourage you to take a closer look to an entry.
Long
by JeSuns-
Optimism is determined to conquer the heights! $OPEverything here is beautiful! From technical analysis to blockchain analysis. I can see us moving in a parallel channel, where when combined with fibonacci we come to the 1.618 level right to the upper limits of this price channel. I would expect a value low in the area of $3.5 per coin with the most positive scenario expecting $7.1 per coin. I see the presence of a number of prominent Market Makers in the blockchain, but I don't like the contingent that holds this asset. Perhaps over time people will become disillusioned with the L2 range and sell their coins to a Marketmaker. Thus setting the stage for a hands free flight! Best wishes, Horban brothers!
Long
by horbanbrothers
ARB Swing Long Idea - Arbitrum Analysis ARB is the leading Ethereum Layer 2 chain. We haven’t seen an ETH rally yet, so ETH-based coins (ETH betas) are currently underperforming. However, I would recommend considering a small position to potentially catch an ETH pump, as these ETH-based coins have significant technical potential. Technical Analysis: The price took out the 2023 low and created new lows in 2024. It now appears to be building weekly bullish momentum by forming a weekly demand zone. The daily structure also looks bullish. We recently broke and closed above the bearish trendline. I expect the price to retrace into the weekly demand zone, potentially retest the trendline, and then take off toward the first and second targets. SL: 0.41 TP1: 0.83 TP2: 1.27
Long
by UA_CAPITAL
ETHUSD PREPARING FOR LONG ENTRYHello, fellow crypto enthusiasts! How are you feeling this Tuesday? I hope all is well with you! Here's a quick update on ETH on the daily timeframe. The trading system just flipped short, but since we're in a bull market, we don't take short positions. Instead, we wait for the system to flip long again. In the meantime, we can monitor three key levels of interest: 1. The 0.382 Fibonacci retracement level (all-time range). 2. The lower highs trendline. 3. The 200-day moving average (200 MA). If the price holds above at least the 200 MA and the 0.382 Fib level, and the system flips long again, that would give us the green light for a long entry. Patience is key here! I'll keep this idea updated for both of us. Thank you for reading!
BITSTAMP:ETHUSD
by vagada
MNT PREPARING FOR LONG ENTRY Hello everyone, and happy Monday! I wish you all the best for the week ahead! This is Mantle Network (MNT) on the daily timeframe. The system has just flipped short right under the 200MA, but since we are in a bull market, we don’t take short positions. Instead, we wait for the system to flip long again, ideally above the 200MA. Only then will we consider entering the market on the long side. We can also see that the price has just broken below the 0.618 Fibonacci level (all-time). This indicates two important points: 1. The system signals that we should wait. 2. The price is below a key support zone, which adds to the caution. Conclusion: We wait for two confirmations: The system flipping long above the 200MA. The price reclaiming the 0.618 Fibonacci level as support. Patience is key, so we’ll revisit this chart tomorrow. Stay safe!
by vagada
METISDAO PREPARING FOR LONG ENTRY Hello everyone, and happy Monday! I wish you all the best for the week ahead! This is METIS on the daily timeframe. The system has just flipped short, but since we are in a bull market, we don’t take short positions. Instead, we wait for the system to flip long again. Only then do we enter the market on the long side. We can also see that the price has just dipped below the 0.236 Fibonacci level (all-time). This means two things: 1. The system signals that we should wait. 2. The price is below this key level, which is a crucial support zone. Conclusion: We wait for two confirmations: The system flipping long. The price reclaiming the 0.236 Fibonacci level as support. Patience is key, so we’ll check this chart again tomorrow. Stay safe!
by vagada
MANTA 400% Gain IncomingOMXHEX:MANTA - Technical Analysis Request Three distributions shown. The current range is likely an accumulation before a breakout. The value are lows shown of the previous ranges will be the most important resistance zones. From current price 400% possibility to ATH #MantaNetwork Lows of the range has been swept. Next challenge is to break the trendline and continue upwards. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
Long
by Navitility
2
DreamAnalysis | STXUSDT layer-2 blockchain for Bitcoin👋 Welcome back to DreamAnalysis! Today, we're diving into STX (Stacks), a unique layer-2 blockchain for Bitcoin, and analyzing its potential. 🔗 What is Stacks (STX)? Stacks (STX) is a layer-2 blockchain designed specifically to add smart contracts and decentralized applications (DApps) to the Bitcoin network. Smart contracts on Stacks run without altering Bitcoin's core structure, leveraging Bitcoin's security. The STX token is used for transactions and rewarding miners on the Stacks network. 📆 Weekly Analysis of STXUSDT: In the weekly timeframe, STX shows a more bullish trend compared to many altcoins, which are sitting near their main support levels, while STX remains above these crucial levels. A rising trendline on the weekly chart indicates that breaking and closing below 1.305 could lead to a decline toward 0.742. If that support breaks, consider temporarily exiting this coin in spot trades. For re-entry, triggers at 1.987 and 2.444 offer good buying points to hold this Bitcoin layer-2 solution in a bull run. Increasing volume would strengthen this setup. Weekly STX Chart 📉 Daily Analysis of STXUSDT: In the daily timeframe, STX is consolidating within the 1.65 to 1.987 range, and specific triggers are in place for the next move. The weekly trendline also remains relevant here, and breaking below 1.65 could result in a drop toward the lower support level within a larger box range. 📊 4-Hour Analysis of STXUSDT: Market sentiment has shifted recently due to geopolitical events, including the Israel-Iran conflict, which has impacted many altcoins, causing widespread selling. 📈 Long Position: wait for the trendline break and trigger confirmation at 1.82, considering higher timeframe bullishness. 📉 Short Position: rejection from the trendline and breaking the significant 4-hour support at 1.649 could provide a favorable setup to enter short and follow the downtrend. 4-Hour STX Chart 💬 This wraps up today’s analysis. If you found this helpful, feel free to share it with friends, and drop a comment with any other pairs or coins you’d like us to analyze! 📌 Disclaimer: These analyses are based on chart patterns, not strict rules. Technical analysis is an art, and these insights are not financial advice.
Long
by DreamAnalysis
APT Defies Market Trends A Bullish Breakout or a Prelude to $15?Aptos ( AMEX:APT ) has been catching the attention of traders and analysts alike, with its ecosystem experiencing significant growth, particularly its Total Value Locked (TVL) hitting an all-time high of $916.26M. As Aptos ( AMEX:APT ) continues to surge, many are asking: is AMEX:APT poised for a major rally, and can it reach the $12 mark— or even $15? Ecosystem on the Rise The recent spike in TVL highlights Aptos' growing adoption within the decentralized finance (DeFi) space. Aptos ranks 14th in TVL among blockchain ecosystems, with a current value of $604.64 million spread across 48 protocols. Key contributors to this include Aries Markets, Amnis Finance, Thala, and TruStake, all of which have experienced significant TVL growth in the past month. The rise in TVL signals that developers and users are increasingly choosing Aptos ( AMEX:APT ) for its efficiency and low fees, a key feature of the Aptos Layer-1 blockchain. Aptos' unique use of the Move programming language, originally developed for Facebook’s Diem project, enables faster, more secure transactions. The network's ability to handle 13,000+ transactions per second (TPS) with Block-STM, a system for parallel transaction processing, has attracted partnerships with major players like Microsoft, AWS, and Mastercard. These alliances showcase Aptos' real-world potential for use in sectors like gaming, AI, and NFTs. Aptos NFT Surge: A Growing Asset Class Aptos ( AMEX:APT ) is also making waves in the NFT space. Over the last 30 days, Aptos saw 3.9K new collections, with total NFT sales of $24.5M. With 652.5K active wallets, Aptos is rapidly growing its footprint in the NFT marketplace. This surge further solidifies its reputation as a blockchain with wide-ranging applications beyond DeFi, adding momentum to its ongoing rally. Technical Outlook From a technical standpoint, Aptos ( AMEX:APT ) is showing strong bullish momentum. Since breaking out of the $9.36 level on October 13, AMEX:APT has continued its upward trend, currently trading at around $10.90. The next significant resistance level sits at $12, and a break above this could trigger a rally toward $15, potentially even testing its all-time high of $19.42—a 75% upside from the current price. The key technical indicators further support the bullish outlook. The Relative Strength Index (RSI) is at 68, signaling strong buying pressure without being overbought, leaving room for further gains. Moreover, the 50-day Moving Average is nearing a Golden Cross formation, where it crosses above the 200-day Moving Average. This signal typically forecasts the beginning of a strong bullish trend. While the Golden Cross hasn’t fully materialized yet, a push above the $12 pivot could seal the deal, setting Aptos ( AMEX:APT ) up for a major rally. Risk Factors & Key Support Levels Despite the strong upward trend, traders should keep an eye on the $10 support level. A breakdown below this price could signal a short-term retreat, with the next significant support lying at $9.75. In contrast, sustained momentum could propel AMEX:APT to $12.50 and beyond, opening the door to its $15 target. Conclusion Aptos'—rising TVL, growing NFT sales, and strong partnerships—combined with bullish technical indicators, suggest that a larger rally could be on the horizon. If Aptos ( AMEX:APT ) breaks through its immediate resistance levels, the path to $15 seems not only possible but highly probable. However, as with any cryptocurrency, caution is advised, and traders should watch key support levels closely to gauge whether Aptos ( AMEX:APT ) can maintain its upward trajectory. With a 40% surge this month alone and a rapidly expanding ecosystem, AMEX:APT is undoubtedly one to watch as it continues to defy broader market trends. Will Aptos hit $15 before the quarter ends? Time will tell, but all signs point toward a bullish future for this rising star in the Layer-1 blockchain space.
COINBASE:APTUSDLong
by DEXWireNews
DreamAnalysis | OPUSDT Possibility of Breakout and First Bullish📚 Welcome to Your Usual Channel, DreamAnalysis! ✨ Today, we’ll be taking a look at one of Ethereum’s layer-2 projects, Optimism (OP), and see when we might consider buying during the bull run. 🛠️ About the Optimism (OP) Project : Optimism is a Layer 2 solution for the Ethereum network, designed to improve scalability and reduce transaction costs using Optimistic Rollups. This platform allows developers to deploy decentralized applications (dApps) with higher speed and lower costs, while maintaining the security of the Ethereum main layer. 📊 Weekly Time Frame : On the weekly time frame, we can observe that OP hasn't experienced a major bull run yet and doesn't have much historical data. After breaking the downward trendline and pulling back toward the 1.196 support, we saw a drop in bearish volume, and sellers lost strength. For some time, the price has been ranging between the 1.196 support and the 1.957 resistance, without any significant movement. Enter after breaking the 1.957 resistance. If you're currently in a loss, you could use DeFi and staking to break even or cash out your coins if the 1.196 support is broken. 💡 Daily Time Frame: On the daily time frame, we had a strong downtrend, but during these bearish waves, fewer red candles were recorded, and we didn’t make lower lows compared to the previous waves. This indicates buyers are back in the market. After breaking the long-term downtrend and touching resistance, the price pulled back and once again headed toward the 1.626 resistance with decent volume. If the resistance is broken, you can even enter for spot buys with a stop-loss around 1.446, due to the higher lows according to Dow Theory. Volume increase , Break of the RSI resistance at 59.96, which will confirm the strength of the move. 📊 4-Hour Time Frame : In the 4-hour time frame, we're in a long-term range box, where the buyers seem to have the upper hand. Last time, the price didn’t even drop to the bottom of the range; it bounced back from the middle and moved toward the resistance. 📈 Long Position: After the 1.626 breakout, make sure to take a long position and follow the potential bullish trend. 📉 Short Position: Currently, we don't have a clear short trigger, unless the resistance breaks fakely, which would be a fake breakout, or if the price drops below 1.395. Right now, opening a short position is quite difficult. 💬 This wraps up today’s analysis. If you found this helpful, feel free to share it with your friends and leave a comment with your thoughts or any other pairs or coins you’d like us to analyze. 📌 These analyses are merely our ideas based on a chart that doesn’t follow strict rules. Technical analysis is an art, and these insights are not financial advice.
Long
by DreamAnalysis
3