Why These Altcoins Are Trending Today — January 7

BitTorrent (BTT), FTX Token (FTT), and Aptos (APT) are driving attention today with notable price movements and market activity. BTT has risen nearly 6% in the past 24 hours, forming a bullish golden cross and experiencing a 170% surge in trading volume to $130 million.

FTT is up 4%, fueled by rumors involving its former CEO, and is on the verge of a golden cross that could ignite further price gains. Meanwhile, APT is rebounding from a recent dip, climbing over 4% as its short-term EMA signals the potential for a breakout above key resistance levels.

BitTorrent (BTT)

BTT recently formed a golden cross, a bullish signal where its shortest-term EMA crossed above its longest-term EMA. This indicates potential sustained upward momentum. Over the last 24 hours, BTT has risen nearly 6%, with trading volume surging 170% to $130 million. Its market cap now stands at $1.25 billion, placing it among the top 100 altcoins.

If the uptrend continues, BTT could test the resistance at $0.00000132. A breakout above this level might push the price toward $0.00000144 and potentially $0.00000159. The increasing trading volume suggests growing interest, which could further support upward movement if momentum holds.

BTT Price Analysis. Source: TradingView

However, if the trend reverses, BTT may retest the support at $0.00000123. A break below this level could lead to declines toward $0.00000117 and $0.00000111.

FTX Token (FTT)

FTT has gained attention following rumors that former FTX CEO Sam Bankman-Fried might be under consideration for a presidential pardon. Over the last 24 hours, FTT has risen roughly 4%, pushing its market cap back above $1 billion to $1.1 billion.

FTT price chart indicates an attempt to form a golden cross, a bullish signal that could reignite upward momentum. If successful, FTT could test the resistance at $3.57, and breaking this level might lead to further gains toward $3.88 or even $4.03.

FTT Price Analysis. Source: TradingView

However, if the golden cross fails to materialize and the trend reverses, FTT could retest its support at $3.23. A break below this level might push the price further down to $3.10, with a potential decline to $2.64 if the selling pressure intensifies.

Aptos (APT)

APT is showing signs of recovery after a challenging period. Its price dropped 25% between December 20 and January 1 due to the resignation of its former CEO, Mo Shaikh. Over the last 24 hours, APT has gained more than 4%, with trading volume surging 61% to $466 million. Currently, APT holds a $5.8 billion market cap, placing it among the top 30 altcoins.

APT’s shortest-term EMA line is rising sharply, signaling the potential for a golden cross formation. If this bullish indicator materializes, APT price could test the resistance at $10.93, and a successful breakout might propel the price toward $12.3 and $13.

APT Price Analysis. Source: TradingView

However, if APT fails to break the resistance at $10.93, the trend may reverse, putting downside pressure on its price. In this scenario, APT could retest the support at $9.95, and a break below that level might lead to further declines toward $9.33 and $8.42.