3 Altcoins to Watch in the Third Week of November 2024
The post 3 Altcoins to Watch in the Third Week of November 2024 appeared on BitcoinEthereumNews.com.
November has been dominated by all-time highs, spearheaded by the crypto king, Bitcoin. While numerous coins are reaching new peaks, others, though not hitting ATHs, have significant developments on the horizon. These events could potentially spark rallies and notable gains for their native tokens in the coming days. BeInCrypto has identified three altcoins to watch this week, each poised for upcoming milestones that may drive their performance. Aptos (APT) Aptos is currently trading above the critical level of $10.92, aligning with the 61.8% Fibonacci Retracement line, often referred to as the bull market support floor. This level plays a vital role in maintaining the cryptocurrency’s bullish sentiment. This week marks a significant milestone for Aptos as Bitwise prepares to launch the world’s first Aptos Staking ETP. This exchange-traded product will aim to stake the Aptos held by the fund, potentially driving increased interest and demand, which could lead to a surge in price. APT Price Analysis. Source: TradingView If momentum builds, Aptos could break past the resistance at $14.05, signaling continued growth. However, should the market sentiment shift, a drop below $10.92 could invalidate the bullish outlook, pushing the price toward $9.15 and raising concerns among investors. Floki (FLOKI) FLOKI has surged by 128% over the past two weeks, with its price currently trading at $0.0002670. The meme coin’s uptrend could extend further if it successfully breaches the resistance at $0.0002776, setting the stage for continued gains. The anticipated collaboration between Floki and Animoca Brands’ Forj, set to launch the $MONKY memecoin on November 21, 2024, adds to the bullish sentiment. This initiative, supported by partnerships with ApeCoin and Bored Ape Yacht Club, has created excitement among investors and could fuel additional price increases. FLOKI Price Analysis. Source: TradingView If the momentum from this launch propels FLOKI further, the meme coin may…
Filed under: News - @ November 18, 2024 2:25 pm