Find out what’s driving their recent rally and the outlook for these Layer-1 coins | Credit: Veronica Cestari
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Key Takeaways
Sui and Aptos prices have gained 10% in the past 24 hours, breaking through resistance levels.
SUI’s breakout from a falling wedge suggests potential for further price increase, targeting $4.58.
APT has shifted its trend, breaking above its falling channel, supported by intense buying pressure.
Layer-1 coins Sui (SUI) and Aptos (APT) are among today’s crypto gainers. After several days of sideways action, both coins have jumped 10% in the past 24 hours.
This rally is intriguing because both blockchains share the same underlying technology — the Move programming language — designed for high-performance, secure, scalable smart contract execution.
However, with the broader market still grappling with choppy sector rotations, the real question is whether these altcoins can keep up the momentum through the rest of Q3?
SUI Bulls Regain Control
Last weekend, SUI’s price dipped to $3.31 after a token unlock event flooded the market with supply, outweighing demand.
However, today’s daily chart tells a different story — SUI has broken above the upper trendline of a falling wedge pattern. As a result, SUI’s price retested $3.81.
Typically, breaking out of a falling wedge suggests that selling pressure is easing and buyers are starting to regain control.
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The Bull Bear Power (BBP) indicator backs up this bullish setup. For the first time this month, it has printed a green histogram bar, signaling that buyers have taken control while bears are losing their grip.
A close look at the chart also shows that trading volume has increased. Should the volume continue to rise alongside the recent uptrend, SUI might break the overhead resistance at $3.95.
If successful, the next target for the layer-1 coin could be $4.58, which could happen before the end of this quarter. However, the prediction might not become reality if SUI bulls struggle to maintain recent momentum.
If that were to happen, SUI’s price might break below $3, and the altcoin might slide to $2.50.
Aptos (APT) Reverses Downtrend
Like SUI, Aptos has joined the ranks of Layer-1 coins posting double-digit gains in the past 24 hours.
Until now, Aptos had been locked in a downtrend on the 4-hour chart, with lower highs and lower lows dominating its price action. This persistent bearish structure kept the coin under pressure, limiting any meaningful rallies.
However, as of this writing, the trend has shifted in Aptos’ favor. On the 4-hour chart, the price has broken decisively above the upper trendline of its falling channel.
Supporting this move, the Chaikin Money Flow (CMF) refused to dip below the zero line. Instead, it bounced off the signal line and climbed to 0.26, indicating a solid influx of buying pressure.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
