The Aptos (APT) price has surged by 24% over the last seven days, raising questions about whether this uptrend can be sustained. While recent gains have been impressive, the technical indicators are starting to show mixed signals.

Whether APT can push higher or face a correction will depend on how these trends unfold in the coming days.

APT RSI Is Far From Overbought

Aptos (APT) RSI is currently at 53.75, dropping from 76 just four days ago. This decline suggests a reduction in buying pressure compared to recent peaks, signaling a potential cooling period in market activity. However, the current RSI level still shows a neutral to mildly bullish outlook.

RSI, or Relative Strength Index, is a momentum indicator that measures the speed and change of price movements. It ranges from 0 to 100, with values above 70 indicating overbought conditions and below 30 suggesting oversold conditions. An RSI around 50 reflects a balanced state, where buying and selling pressures are nearly equal.

Read more: Aptos (APT) Price Prediction 2024/2025/2030

APT’s RSI at 53.75 points to a market that is not yet overextended despite recent gains, which saw APT price rise by 24% in just one week. This level suggests that the uptrend may still have room to grow as the RSI remains below the overbought threshold of 70.

If bullish momentum resumes, APT’s price could continue climbing, potentially pushing the RSI higher without immediately risking a reversal. This positioning allows for further growth before reaching a level that typically signals caution.

Ichimoku Cloud Shows Aptos Surge Could Be Over For Now

The Ichimoku Cloud chart for Aptos suggests a generally bullish trend, as indicated by price levels currently trading above the green cloud (kumo). This configuration implies that market sentiment is positive and buyers are in control. The cloud acts as a support zone, and with prices above it, APT is demonstrating resilience and strength in its recent price action.

Additionally, the leading span A (green) is above leading span B (red), which reinforces the bullish sentiment and points to potential support in the event of any short-term price dips.

The Tenkan-sen (blue line) and Kijun-sen (red line) are also showing mixed signals. While the Tenkan-sen remains slightly above the Kijun-sen, indicating that the momentum is still bullish, their recent convergence suggests a loss of momentum. If the Tenkan-sen crosses below the Kijun-sen, it could signal a potential trend reversal or at least a weakening of the current uptrend.

Additionally, the green Chikou span (lagging line) is above the price, which supports a continued bullish outlook, but traders should watch for any changes that could signal a pullback. Overall, the Ichimoku chart signals that APT remains in a bullish position, but the narrowing gap between key lines indicates that momentum could be wavering.

APT Price Prediction: The Coin Can Surge 76% If This Happens

APT EMA lines are currently bullish, with short-term lines positioned above long-term ones. However, the distance between these lines has significantly narrowed, indicating that bullish momentum might be weakening. When the gap between short-term and long-term EMAs shrinks, it often signals that the trend could be losing strength and might soon reverse.

EMA lines, or Exponential Moving Averages, help identify the direction and momentum of price trends by giving more weight to recent data points. In APT’s case, the current EMA setup reflects an ongoing uptrend, but the diminishing separation suggests that the market’s strength may be faltering.

Read more: 5 Best Aptos (APT) Wallets in 2024

If the current uptrend holds, APT could surge to $14.42, and breaking that resistance might propel the price to $17.89 — its highest level since April 1. Such a move would represent a 76% gain for APT price, showing the bullish potential if momentum remains strong.

However, as indicated by both the Ichimoku Cloud and EMA lines, the uptrend could be getting weaker. If the trend reverses, APT price might test support levels at $8.45 or even fall to $7.86.

Solana (SOL) price has surged by 12% over the past six days, riding a wave of bullish momentum that has seen it break through multiple resistance zones. This rally has been fueled by technical strength, including bullish EMA positioning and supportive BBTrend values.

However, with recent gains accumulating quickly, traders are now assessing if SOL can maintain this upward force. The ability to test and hold key resistance levels will be crucial in shaping the next price movement.

BBTrend Suggests SOL Bulls Are Strong

SOL BBTrend is currently positive, around 8.08, indicating a solid bullish momentum for Solana. This means that the price is trading above the middle Bollinger Band, showing a favorable market sentiment.

A positive BBTrend often suggests that the price trend is well-supported, and the asset could continue its upward trajectory. However, the BBTrend alone should be complemented with other indicators to confirm the overall strength and sustainability of the trend.

Read more: 13 Best Solana (SOL) Wallets To Consider in October 2024

The BBTrend metric measures the strength and direction of the trend using Bollinger Bands, which track volatility. While the current BBTrend value remains positive, it has dropped from 9.01 over the past few days, suggesting that Solana’s bullish momentum might be waning.

This decline could imply that the current trend is weakening, meaning SOL price may face increased resistance and possibly a shift towards a more neutral or sideways movement.

Solana Current Uptrend Could Be Losing Momentum

The SOL DMI chart reveals that the current uptrend strength is at 34, as indicated by the yellow line, which represents the Average Directional Index (ADX). ADX is a key component of the Directional Movement Index (DMI) and is used to gauge the strength of a trend, regardless of its direction.

The ADX itself is a measure that helps traders understand how strong the current price movement is. A reading above 20 generally indicates a strong trend, and with an ADX of 34, Solana is currently in a strong uptrend, suggesting there is still notable momentum behind recent price action.

In Solana’s case, the reading of 34 suggests that the uptrend is substantial, but traders need to keep an eye on whether ADX continues rising or starts to plateau, as this can hint at changes in trend strength.

Additionally, the DMI chart reveals that the positive directional indicator (D+) stands at 22.3, while the negative directional indicator (D-) is at 14.2. The higher D+ suggests buyers still have control of the market. However, just two days ago, D+ was at 36.7, and D- was at 9.15, indicating the gap between them is shrinking, which could point to weakening buyer momentum.

The narrowing gap suggests weakening bullish momentum and increasing selling pressure. If this trend persists, it could signal a shift toward a more indecisive market, where bulls lose dominance. This may lead to more volatile price action or consolidation.

SOL Price Prediction: A 12% Correction Or a 27,8% Price Surge?

SOL’s EMA lines remain bullish, with short-term exponential moving averages (EMAs) positioned above the long-term EMAs. This arrangement suggests that the price trend is currently in an upward phase, with recent price movements exceeding the longer-term average.

However, the short-term EMAs are starting to trend downward, indicating a potential loss of momentum. If these shorter-term lines cross below the longer-term EMAs, it could be a bearish crossover, signaling the beginning of a downtrend. Traders typically view this “death cross” as an early warning that the prevailing bullish trend is weakening.

Read more: 7 Best Platforms To Buy Solana (SOL) in 2024

Given the current situation, SOL could test support levels at $144 and $141. If the selling pressure persists, the price might even dip as low as $133, which would be around a 12% correction from current levels. These support zones could play a crucial role in stabilizing the price and providing a platform for potential recovery.

On the flip side, if the bullish momentum returns and the uptrend gains strength, SOL could move back up to the $161 level. Should it break this resistance, the next target might be $193, implying a potential price gain of around 27.8%. This scenario would reaffirm the continuation of the bullish trend, with further upside likely if buyers regain control.

Ethereum’s price has fluctuated under $2,800 for the past few weeks, and it is stuck in a consolidation phase. Despite several attempts, ETH has been unable to break through key resistance levels, leaving investors uncertain. 

Mixed signals from various technical indicators are adding to the ambiguity, making it difficult to predict whether Ethereum can climb back to $3,000 soon.

Ethereum Is Losing Money

Ethereum’s Network Unrealized Profit/Loss (NUPL) currently sits in the optimism zone, signaling improving market sentiment. This indicator tracks all holders’ total profit or loss relative to when they acquired their assets. The current levels reflect growing confidence among investors.

This optimistic sentiment is keeping investors engaged, with many holding their assets rather than selling them. As long as the NUPL remains in this favorable range, the chances of a dramatic sell-off are slim, which could support Ethereum’s price in the near term.

Read more: How to Invest in Ethereum ETFs?

On the macro side, Ethereum’s momentum appears mixed, as shown by the Chaikin Money Flow (CMF) indicator. The CMF, which tracks the flow of capital into and out of an asset, briefly rose last week but has since dipped again.

This decline is a bearish signal, as it suggests that more capital is flowing out of Ethereum than coming in. It is an indication that the selling pressure is potentially increasing.

The outflow of capital is a critical factor to watch, as sustained declines in the CMF often precede price drops. Ethereum could face additional challenges in breaking through its current resistance levels despite the otherwise positive market sentiment if this trend continues.

ETH Price Prediction: Staying in Lane

Ethereum is currently trading at $2,610, struggling to overcome resistance at $2,700. Since early August, ETH has been repeatedly blocked by this level, with brief breaches above it failing to hold. As long as Ethereum remains under this resistance, significant upward momentum may be difficult to achieve.

Mixed signals from key indicators suggest that the ongoing consolidation between $2,700 and $2,344 will continue. The market may remain in this tight range until there is a decisive shift in sentiment or capital inflows.

Read more: Ethereum (ETH) Price Prediction 2024/2025/2030

For Ethereum to reach $3,000, it must first flip the $2,700 resistance into support. Once this level is breached, the next key barrier will be $2,930. If Ethereum can rise above this, it will hit a two-and-a-half-month high, potentially invalidating the current bearish outlook.