Aptos (APT) has spent the past month consolidating within a tight range, with its price bouncing between $5.63 and $6.53. This stagnation has been primarily driven by broader market volatility, leaving traders uncertain about the token’s direction. 

However, recent developments, such as Bitwise’s filing for an APT ETF, could provide the spark necessary for a breakout, potentially sending Aptos’ price to new highs.

Aptos Could Find Institutional Interest

For most of the month, traders have expressed skepticism about Aptos’s price action. The prevailing sentiment has led to a dominance of short contracts over long ones, as evident in the funding rate, which reflects the overall bearish sentiment. As traders continued to place shorts, the pressure on APT to break free from its consolidation mounted. However, the recent filing for an APT ETF by Bitwise has shifted the market sentiment slightly, bringing new optimism and hinting at the potential for a price rise.

The shift in sentiment could help fuel a more bullish outlook for APT. With the ETF filing increasing institutional interest in the token, investors may start seeing more value in long positions, especially if Aptos can break free from its months-long consolidation pattern. This development could lead to increased confidence, further fueling buying activity and driving the price upwards.

Aptos’ macro momentum is beginning to show signs of improvement, driven in part by the rising bullish momentum observed in the MACD indicator. After experiencing a slight dip last week, the MACD is now showing a resurgence in upward momentum, which could provide the catalyst needed for a breakout. If the MACD continues to trend higher, it will likely support the potential for Aptos to break through resistance levels and push toward a rally.

Technical indicators suggest that the shift in sentiment and momentum could set the stage for a significant price movement. The combination of improved market sentiment and growing investor interest, alongside a positive MACD trend, provides the conditions for a potential price surge. Aptos may be poised to make its move if this momentum continues.

APT Price Primed For Breakout

Aptos has already experienced a 9% rise over the past day, signaling that a rally could be underway. The altcoin has been stuck in consolidation for over a month, with prices bouncing between $5.63 and $6.53. However, the new developments in the market could be what pushes APT beyond its previous limits.

The positive factors at play suggest that Aptos could break the $6.53 barrier, signaling the end of its consolidation phase. This would likely pave the way for a rise toward $7.20, bringing a fresh wave of optimism and trading volume. If APT manages to breach this level, it could spark a full-scale rally.

If the breakout fails to materialize, however, Aptos might remain trapped within its consolidation range. A drop below the $5.63 support could indicate further weakness, with a potential decline toward $4.96. Such a scenario would invalidate the bullish outlook, stalling any potential rally for the altcoin.

Litecoin (LTC) has encountered a persistent challenge over the past three months, failing to break above the key resistance at $136. Despite recent attempts to breach this barrier, the altcoin has struggled to maintain upward momentum. 

While some believe a breakthrough is imminent, a lack of investor support suggests the price may face further declines.

Litecoin Investors Are Not Supportive

Litecoin’s Long-Term Holders (LTHs) have not shown substantial bullish behavior recently, according to the Mean Coin Age (MCA) indicator. The lack of a noticeable uptick suggests minimal accumulation, leaving the market stagnant. If the MCA indicator were to show a significant downtick, it could signal that LTHs are selling off their holdings, which would be a bearish sign. However, since this is not happening, Litecoin may avoid a sharp crash but still struggles to attract long-term investment.

Without stronger conviction from LTHs, Litecoin may continue its sideways movement without a significant rally. This minimal accumulation by investors who typically dictate long-term trends leaves the altcoin vulnerable to remaining stuck in the same range without meaningful progress. Until LTHs show more interest, substantial gains for Litecoin seem unlikely.

The overall macro momentum for Litecoin is being heavily influenced by the Chaikin Money Flow (CMF) indicator, which has struggled to stay above the zero line for the past two months. The lack of inflows has hindered Litecoin’s ability to rally sharply. Although the CMF has shown some signs of upward movement recently, it has yet to signal a sustained rise, leaving the altcoin in a state of indecision.

Since the start of the year, Litecoin’s price has remained relatively flat, with the absence of strong market inflows contributing to its stagnation. The CMF’s continued struggle to break above zero reflects broader market hesitancy toward Litecoin. While the recent uptick provides some hope, whether this momentum can be sustained remains uncertain.

LTC Price Faces Key Barrier

Currently, Litecoin is trading at $129, reflecting a 13% rise over the last 24 hours. This uptick has brought the altcoin closer to the critical resistance of $136, which it has struggled to breach for the past three months. The current price movement suggests that Litecoin may attempt another rally, but the same factors that caused previous failures remain.

Should Litecoin fail to breach the $136 resistance, the price could fall back to $117, with further support at $105. A decline below these levels would signal a continuation of the downtrend, keeping Litecoin stuck below key resistance for an extended period.

If Litecoin successfully breaks above the $136 resistance and flips it into support, a significant rally could follow. The next target would be $147, just under the psychological $150 price point. Reaching this target would invalidate the bearish outlook and could set Litecoin on a path toward even higher prices.

Bitcoin (BTC) has faced significant downward pressure over the past week, with its price falling below $90,000 for the first time since November 2024. It is down 11% in the last seven days and is currently trading near a critical resistance level of $85,985.

Technical indicators are showing predominantly bearish signals. The red cloud is positioned above the current price action and widening slightly, indicating increasing bearish momentum. Despite this short-term weakness, some analysts point to potential signs of recovery as short-term EMA lines begin to trend upward.

Bitcoin Ichimoku Cloud Shows a Bearish Setup

The Ichimoku Cloud for Bitcoin shows a predominantly bearish sentiment. The red cloud (Kumo) is positioned above the current price action, signaling a resistance zone that BTC would need to break through to reverse the trend. The cloud is also widening slightly, indicating increasing bearish momentum.

The Leading Span A (green line) is below the Leading Span B (red line), further confirming the bearish outlook. Additionally, the price is trading below both the blue Tenkan-sen (conversion line) and the red Kijun-sen (baseline), suggesting that the short-term trend is still under downward pressure.

The Tenkan-sen has started to flatten out, which typically indicates a pause or consolidation in the downtrend. However, it remains below the Kijun-sen, reinforcing the bearish bias.

The green Chikou Span (lagging line) is below the price action and the cloud, supporting the continuation of the bearish trend. Overall, unless BTC can push through the cloud resistance and the Tenkan-sen crosses above the Kijun-sen, the bearish momentum is likely to persist.

BTC Whales Are Going Down In the Last 5 Days

The number of Bitcoin whales, defined as addresses holding at least 1,000 BTC, demonstrated steady growth until reaching a peak of 2,054 on February 22.

Since that high point, however, the metric has begun to decline, with the current count standing at 2,042 whale addresses.

Tracking these large holders is crucial for market participants, as whales possess significant market-moving power. Their accumulation or distribution patterns often precede major price movements, and their concentration levels provide insight into Bitcoin’s wealth distribution and overall network health.

The recent decline in whale addresses could signal short-term selling pressure, as these large holders may be taking profits or redistributing their holdings across multiple wallets for security purposes, potentially contributing to price volatility or downward pressure in the near term.

Despite this recent decrease, it’s important to note that the current whale count of 2,042 remains historically elevated compared to previous years, suggesting continued strong institutional and high-net-worth individual interest in Bitcoin as a long-term store of value. According to Tracy Jin, COO of MEXC:

“The long-term trend remains unchanged: institutional demand and the development of Bitcoin infrastructure, including ETFs and new investment products, continue to strengthen its position. However, the short-term outlook remains under pressure: the market is going through a phase of liquidation of excess leverage and a decrease in risk appetite.The market is going through a phase of liquidation of excess leverage and a decrease in risk appetite, but this is beneficial for BTC’s long-term healthy development,” Jin told BeInCrypto.

Will Bitcoin Recover Levels Above $90,000?

Bitcoin currently has a significant resistance level at $85,985. A failure to maintain this support could trigger a downward movement toward the $82,000 range, continuing the current correction.

The proximity to this resistance level has created heightened tension among traders who are carefully watching for signs of direction in this volatile market.

Despite the current bearish configuration of Bitcoin’s Exponential Moving Average (EMA) lines, with short-term indicators positioned below their long-term counterparts, there are emerging signs of potential optimism.

“Despite the current decline, Bitcoin’s long-term trajectory remains strong. Institutional players continue to increase their positions in BTC, and the development of Bitcoin infrastructure (including new ETFs and payment solutions) only strengthens its status as digital gold. In the short term, the price needs to recover above $96,000-$100,000, which will confirm the market’s readiness for new growth. If the pressure persists, the market may enter a phase of a deeper correction.”
Maria Carola, CEO of StealthEx.

The upward trajectory of the short-term EMA lines suggests a possible trend reversal in the near future. If this bullish crossover materializes, Bitcoin price could gain momentum to challenge the resistance at $93,000.

A breakthrough at this level might propel prices toward the next significant target of $96,375, potentially signaling the resumption of the broader uptrend that has characterized much of Bitcoin’s recent performance.