The post Altcoins Surge: Sui ($SUI), Aptos ($APT), Theta Network ($THETA) – Market Analysis & Insights appeared on BitcoinEthereumNews.com.

Some of the altcoins are up more than 5% on Monday. Could this latest surge turn into something else, or will it be short-lived with the downtrend to continue? $SUI back to all-time high? Source: TradingView $SUI has increased the most among the major altcoins so far on Monday with a rise of 8%. Looking at the weekly chart above, it can be seen that last week’s wick down below $2.40 hit the major support trendline. This could mean that the downtrend may be finished.  At the bottom of the chart, the Stochastic RSI is showing that it has bottomed. If the indicator lines can rise above the 20.00 level, the resulting upside price momentum could take $SUI back to its all-time high of $5.35. A huge cliff for $APT bulls to climb Source: TradingView The $APT chart does not look good from a macro perspective. A series of lower highs has led to the $APT price plumbing the depths. If we are about to enter the final stage of this particular bull market, this is not where you would want the price to be.  That said, there is the possibility that the $APT price may have bottomed at the last ditch support at $5.00. There is still some way to go for the bulls to get the price above the previous lower high, but a start has been made. Price targets to the upside are in the chart, taken from the Fibonacci levels. Last chance for THETA? Source: TradingView The $THETA weekly chart is another that does not inspire confidence. A simply huge 92% correction from the all-time high will be extremely difficult to turn around. The current local downtrend may be turned around, but the next lower high is at $2.20 – a more than 60% rise from…

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Filed under: News - @ February 11, 2025 1:22 am