Cryptocurrency markets experienced a mixed performance last week, with Bitcoin (BTC) trading between $82,000 and $85,000, while the overall market cap for all cryptocurrencies slightly declined to $2.65 trillion. As we head into this week, three cryptocurrencies to keep an eye on are Aptos (APT), XRP, and Solana (SOL).
Aptos (APT)
Aptos has seen a significant downtrend in 2025, with its price dropping from a high of $15.32 in November 2024 to $4.70. This decline is attributed to the broader crypto market crash and ongoing token unlocks, which are leading to substantial dilution. Aptos has a circulating supply of 604 million out of its total supply of 1.14 billion, with 11.3 million tokens being unlocked each month. The next unlock is set for Saturday, allocating tokens worth $52 million to various stakeholders.
Currently, Aptos is hovering at a key support level, having resisted falling below this level multiple times since July 2024. A drop below this support could signal further downside, potentially pushing the price below $4. However, if Aptos rises above the 50-day moving average of $5.80, the bearish outlook would be invalidated.
XRP
XRP is another cryptocurrency to watch due to its technical setup. At the start of this week, XRP traded around $2.10, just above the critical support level of $1.9325, which also marks the neckline of a head and shoulders (H&S) pattern. The H&S pattern, with its head at $3.4 and shoulders at $3, suggests a bearish outlook if the price falls below the $1.9325 level. A drop beneath this support would confirm the bearish pattern and potentially drive the price down to $1.5370, a target approximately 26% lower than the current price.
Solana (SOL)
Solana has also reached a crucial support level of $115, its lowest point in March 2025. The coin is forming a small double-bottom pattern with a neckline at $147.18, which is a bullish reversal signal. Since last year, Solana has failed to break below this support level multiple times. If it falls below the $115 level, the next support could be at $100, indicating further downside potential. Traders will be closely monitoring Solana’s price action at these levels for any signs of a breakout or continued decline.
Summary:
Aptos faces downward pressure due to token unlocks and the ongoing bear market. A drop below current support levels could signal further declines.
XRP is at a critical support level, and a break below $1.9325 could confirm a bearish trend.
Solana is testing important support at $115, with a potential double-bottom pattern forming. A move below this support could signal further downside.
As the market remains volatile, these three cryptocurrencies will be closely watched by traders and investors for potential trading opportunities.
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