Aptos (APT) is a Layer-1 blockchain platform focused on scalability, security, and adaptability.
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.
In this article, we will discuss about aptos crypto price analysis along with weekly analysis and news roundup.
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APTOS Crypto Price Analysis
- Current Price: $12.51
- Market Cap: $6.6 billion
- 24h Trading Volume: $79.5 million
- Circulating Supply: 530 million APT
- Total Supply: 1.1 billion APT.
Price is in an Uptrend. It broke out of a Channel Up pattern and reached $14 resistance. If it breaks $14, it could revisit $19.30 next. Stop Loss at $11.
Weekly Price Performance
Over the last week, Aptos has experienced a modest price increase of 3%.
Trend: Short-term trend is Strong Up, Medium-term trend is Strong Up, Long-term trend is Strong Up.
Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently.
Support and Resistance: Nearest Support Zone is $10.00, then $7.50. Nearest Resistance Zone is $14.00, then $19.30.
Technical Indicators
- Relative Strength Index (RSI): Indicates a neutral zone.
- Moving Averages: Short-term averages indicate mild bullish momentum.
Recent News and Developments
- Tether Expansion: Tether (USDT) recently launched on the Aptos blockchain, transferring $495 million to Binance.
- Scalability Innovations: Aptos continues to explore advanced validator sharding for horizontal scalability.
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