Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Altcoin Watch: SUI, SEI, SOL, APT, FET and the Upcoming Bull Run

Altcoin Watch: SUI, SEI, SOL, APT, FET and the Upcoming Bull Run

CoineditionCoinedition2024/10/09 16:00
By:Maxwell Mutuma
  • Sui (SUI) holds strong buyer interest at the $1.878 support despite recent declines.
  • SEI consolidation near $0.41 support suggests a potential retest of $0.4315 resistance.
  • Solana (SOL) needs to hold $138 support to avoid testing its lower $135 support level.

The anticipation of an upcoming bull market has fueled interest in several altcoins, with traders closely watching SUI, SEI, SOL, APT, and FET. Recent price movements provide clues to their potential performance as they test key support and resistance levels. In this volatile market, these altcoins exhibit various trends that could impact their trajectory in the next bull run.

Sui (SUI) – Holding Support at Key Level

Sui (SUI), currently priced at $1.88 , has faced a 4.97% decline over the last 24 hours. The price peaked at $1.9758 before experiencing a downward movement. However, the $1.878 level appears to be a crucial support point, where the price has found stability. This support has been tested repeatedly, indicating strong buyer interest.

Altcoin Watch: SUI, SEI, SOL, APT, FET and the Upcoming Bull Run image 0 Altcoin Watch: SUI, SEI, SOL, APT, FET and the Upcoming Bull Run image 1 Source: Coinmarketcap

The key resistance level is at $1.9758, a point SUI struggled to overcome before the sell-off. If buying pressure increases and SUI breaks through this resistance, it could signal a renewed upward trend. Conversely, failure to hold the $1.878 support may lead to further declines.

Sei (SEI) – Consolidation Near Critical Support

Sei (SEI) is valued at $0.4131 , having dropped by 4.28% over the last day. The price reached a high of $0.4315 before pulling back. Currently, it is consolidating near $0.41, which has acted as a support level several times. 

Altcoin Watch: SUI, SEI, SOL, APT, FET and the Upcoming Bull Run image 2 Altcoin Watch: SUI, SEI, SOL, APT, FET and the Upcoming Bull Run image 3 Source: Coinmarketcap

If SEI remains above this level, it could attempt another break above the $0.4315 resistance. However, a drop below this support could send the price toward the $0.40 range, a key psychological and historical support level. Volume activity suggests buyers are trying to regain control, but the bearish trend may persist if resistance levels remain unbroken.

Solana (SOL) – Testing Lower Support Levels

Solana (SOL), currently trading at $140.35 , has seen a 2.53% decline. The price peaked at $144.04 during the day before dropping to a low near $138, where it found some stability. The $138 level is emerging as a significant support zone, as buyers stepped in to prevent further decline. 

Altcoin Watch: SUI, SEI, SOL, APT, FET and the Upcoming Bull Run image 4 Altcoin Watch: SUI, SEI, SOL, APT, FET and the Upcoming Bull Run image 5 Source: Coinmarketcap

However, stronger support lies around $135, which could be tested if the bearish trend continues. To gain bullish momentum, SOL needs to break the $144.04 resistance, with further resistance expected in the $146-$148 range.

Aptos (APT) – Struggling Amidst Declining Volume

Aptos (APT) has taken a sharp hit, with its price falling to $8.48 , an 8.51% decline over the past 24 hours. A significant volume drop of nearly 40% signals reduced buying interest at lower levels. 

Read also: Aptos and SUI: Outperforming the Crypto Market

Altcoin Watch: SUI, SEI, SOL, APT, FET and the Upcoming Bull Run image 6 Altcoin Watch: SUI, SEI, SOL, APT, FET and the Upcoming Bull Run image 7 Source: Coinmarketcap

The price is hovering near $8.40, which acts as a key support level. If this support breaks, the next psychological level could be $8.00. However, to regain bullish momentum, APT must overcome resistance between $8.90 and $9.26, a range it previously failed to hold.

Artificial Superintelligence Token (FET) – Facing Bearish Pressure

Artificial Superintelligence Token (FET), now priced at $1.36 , has seen a 4.94% drop. The price recently reached $1.44 before pulling back. Currently, it is consolidating near $1.35, which acts as an immediate support level. 

Altcoin Watch: SUI, SEI, SOL, APT, FET and the Upcoming Bull Run image 8 Altcoin Watch: SUI, SEI, SOL, APT, FET and the Upcoming Bull Run image 9 Source: Coinmarketcap

However, if FET fails to hold this support, it could test the $1.30 level. On the upside, the price would need to break through $1.40 before challenging the key resistance zone around $1.44-$1.45. Declining volume suggests weakening momentum, which could lead to further downside unless buying interest revives.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!