In this article, we’ll be predicting the price movements of Story IP (IP), Cronos (CRO), and Aptos (APT). These layer 1 blockchains are unique and possess their own characteristics.
Story IP needs to flip $9.25 resistance to support
Story is a Layer 1 (L1) blockchain that was built for Intellectual Property (IP). The Story infrastructure enables creators to register, trademark, license, and monetize their IP assets seamlessly. Story blockchain’s native token is Story IP. On the 4-hour chart, IP has been rejected after it tested the 50-day EMA $9.774. Not only was it rejected, but IP also fell below the 200-day EMA, which was a support level of 9.25.
Since IP is below the 200-day EMA, the token will first need to flip the resistance at $9.25 into a support level before the bulls can take over the market.
Cronos (CRO) crashes to rise above $0.210
Cronos is a layer-1 blockchain built on the Cosmos SDK, for lending and liquidity provision in DeFi, collateral for lending, staking to earn yields, voting on ecosystem decisions, and enhancing liquidity in pools. The native token CRO used for paying gas fees is currently trading inside a bullish symmetrical triangle.
Once the token completes the pattern, it will break upwards and reach above $0.210, given that CRO appreciates by the book. In a conventional breakout from a symmetrical triangle, the token reaches a target that is as high as the widest part of the triangle.
Aptos bulls will take over if APT stays above $4.23
Aptos is a layer 1 Proof-of-Stake blockchain that has a throughput rate of 150K transactions per second, courtesy of its parallel execution. Unlike the sequential method that loads up blockchains if one transaction is held up, Aptos processes all transactions simultaneously and validates afterward. Meanwhile, any failed transactions are either re-executed or aborted.
The APT token is trading at $4.25 after the token was rejected at $4.30. Currently, the token is trading inside a bearish rising wedge, being supported by the 50-day EMA at $4.23. Although APT is trading inside a bearish wedge, if the token keeps holding above this level for longer, the rising wedge pattern will be disturbed, and the bulls will take over, and CRO might test $4.38.
With the arrival of Uptober, the markets are expected to rally with deep liquidity running into altcoins. During the next couple of weeks, the APT, IP, and CRO tokens would be on an uptrend despite what’s happening right now.
