Popular crypto analyst Michael van de Poppe indicated that Aptos, a competitor of Solana $186, could see double-digit increases in value after surpassing a significant resistance level.
Aptos’ Rise and USDC Support
Van de Poppe expressed that the addition of USDC support to the Aptos network is a positive development. Currently, Aptos is trading at $12.09, having gained approximately 22% in value over the past 30 days.
“APT is one of the networks with high capacity for facilitating transactions. The price chart looks excellent. It has surpassed a significant resistance zone, and great news is coming! Staying above this level will allow us to see a rise towards $17 and $20.”
Van de Poppe predicts that Bitcoin $94,325 will reach the $100,000 level on Friday but warns of a possible sudden pullback afterward. Bitcoin is currently trading at $99,007.
“Bitcoin will reach $100,000 on November 22. However, future corrections will occur as sudden drops, and these moments will present opportunities for traders to open positions.”
Ethereum’s Position Against Bitcoin
The analyst noted that Ethereum $3,260 has provided a strong reversal signal against Bitcoin. The ETH/BTC trading pair has shown significant divergence for an upward trend on the daily chart.
“A major bullish divergence is starting on ETH. This is a great sign.”
Van de Poppe added that if the ETH/BTC pair breaks the 0.036 BTC support, it will confirm Ethereum’s strengthening against Bitcoin. Currently, ETH/BTC is trading at 0.03340 BTC.
The analyst believes that altcoin season will begin after Bitcoin and altcoins experience a correction. Following corrections in Bitcoin and altcoins, altcoins will regain value.
Aptos’ USDC support and strong price movements present attractive opportunities for traders. Bitcoin’s high target and Ethereum’s strong signals indicate significant developments in the crypto market.