The crypto market displayed robust growth in February, with significant value increases observed in Bitcoin and several altcoins. Analysts are particularly optimistic about two altcoins, OCEAN and APT, suggesting they may reach historic highs in March.
Ocean Protocol (OCEAN) Gains Momentum
Ocean Protocol’s (OCEAN) valuation has seen a steady climb since the dawn of the year, finally overcoming a downward resistance trend that capped its growth since its peak. A recent surge took OCEAN to a new annual zenith of $0.88, a move supported by positive wave counts in Elliott Wave analysis—a method that forecasts market trends by assessing investor behavior and price patterns.
Analysts predict that OCEAN may surge to resistance levels at $1.36 or even $2.03, with the latter offering a chance to mark a new all-time high. This could represent increases of 50% or 120%. Nonetheless, there’s potential for a 45% drop to $0.55 if the price faces abrupt rejection at its current level.
APT’s Price Journey Towards Record Highs
Similarly, Aptos (APT) has exhibited a remarkable rise after breaking through a descending resistance line in November last year. This week, its price soared to $13.60, approaching a critical juncture near the $12.60 resistance, which precedes its all-time high of $20.55. APT’s growth trajectory is bolstered by a solid weekly RSI that crossed the 70 threshold.
Should APT puncture the $12.60 resistance, forecasts suggest a 70% upsurge en route to its peak price. Conversely, failure to break through could see a substantial 35% drop to the support at $7.90.