With the end of the slight recovery in the cryptocurrency market APT, ADA and XRP Most cryptocurrencies, including cryptocurrencies, are starting to bounce back to levels they’ve seen before. However, some may surprise investors in the near future.
Since technical analysis of assets that have been in the market for less than a month is difficult, the only way to determine potential investors’ attitudes is to look at similar assets backed by major venture capitals and also consider market conditions.
What awaits Aptos Investors?
Since Aptos has made almost no profit in the market since it was listed, it may be too early for large investors to start taking profits and selling their holdings.
Increased selling pressure could lead to even worse price performance and an additional outflow of funds.
At the time of this writing, Aptos is priced close to its listing day price in October. $7.40 traded at levels.
Cardano Shows Bullish Signals
Despite Cardano’s poor price performance, the Relative Strength Index shows it has some room for recovery recently. Therefore, ADA may surprise investors with strong movements in the market.
According to the said indicator, the ADA RSI has just reached the middle zone of its range and is no longer overbought; this may mean that in case of a recovery in the market, entries into ADA may continue.
ADA’s inactivity could potentially trigger a bullish move, as investors tend to avoid funding assets that have little room for growth.
*Not investment advice.
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