Aptos (APT) is a next-gen Layer 1 blockchain that aims to provide scalability, reliability, and upgradeability through its novel technology stack.
Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines.
For on-demand analysis of any cryptocurrency, join our Telegram channel.
APTOS Crypto Price Analysis
- Price: $7.56
- Market Cap: $1.05 billion
- 24h Trading Volume: $43.7 million
- Circulating Supply: 138.7 million APT
- Total Supply: 1 billion APT
Price is trading in a Channel Up pattern and we look for the right entry opportunity in Uptrend.
We wait for price to either
1) break above $10 to signal continuation of uptrend, with +30% upside potential to $13 next
2) pull back near $7.50 support for another swing trade entry in Uptrend with +30% upside potential back to $10.
Weekly Price Analysis
- 7-day Price Change: +4.85%
- Weekly Open Price: $7.21
- Weekly High: $7.89
- Weekly Low: $6.98
- Trend: Short-term trend is Up, Medium-term trend is Strong Up, Long-term trend is Neutral.
- Momentum: Price is neither overbought nor oversold currently.
- Support and Resistance: Nearest Support Zone is $7.50. Nearest Resistance Zone is $10.00, then $13.00.
Technical Indicators
- RSI (Relative Strength Index): 58.3 (indicating neutral-to-slightly bullish momentum)
- MACD (Moving Average Convergence Divergence): Shows a bullish crossover, signaling a potential upward trend.
- Bollinger Bands: Price is trading close to the upper band, indicating potential overbought conditions.
APT News Roundup
Recent developments surrounding Aptos include:
- New Partnerships: Aptos has recently partnered with several DeFi protocols to enhance liquidity on its blockchain.
- Mainnet Updates: The development team has hinted at upcoming updates that will improve scalability and transaction throughput.
For on-demand analysis of any cryptocurrency, join our Telegram channel.
