The steep upward trajectory of SUI's line suggested rapid growth and heightened activity on its DEXs. This difference in volume is a sign...
SUI’s trading volume soared to $28 billion, tripling APT’s volume which stood at $9.4 Billion. The steep upward trajectory of SUI’s line suggested rapid growth and heightened activity on its DEXs. This difference in volume is a sign of strong market preference and liquidity on Sui Network, possibly reflecting superior technological adoption or investor confidence over Aptos.
SUI’s price action displayed an uptrend, breaking out of a bearish channel in late August and maintaining a sharp rise since then. This breakout, followed by sustained gains, indicated strong buying interest and bullish sentiment. The price recently crossed above its long-term moving average , suggesting potential for further upward momentum. In fact, SUI could target higher resistance levels, while potentially approaching the $4-mark on the charts.On the contrary, APT’s chart revealed a dramatic price spike after a prolonged downtrend within a bearish channel. The recent surge, breaking above its previous resistance levels, indicated a strong reversal and greater investor confidence.
Aptos, attracting over 8 million monthly users, launched the world’s first staking ETP on the SIX Swiss Exchange, in an attempt to foster institutional adoption. It’s plausible to predict a test of higher price points for APT, potentially the $15-level.In conclusion, both have demonstrated strong recoveries, indicating bullish sentiment that could influence their future prices. If the press time momentum holds, both could continue their uptrends, while affecting the broader altcoin sector.
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