Aptos (APT) Crypto Price Analysis: Buy for 40% profit?

In this article, we will look at Aptos crypto price analysis along with weekly analysis and news roundup.

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APT Crypto Price Analysis

• Current Price: $10.35
• Market Cap: $1.34 billion
• 24h Trading Volume: $162.57 million
• Circulating Supply: 130 million APT
• Total Supply: 1 billion APT

Price is in an Uptrend. Bullish breakout from Channel Up pattern, above $10 resistance, signals continuation of uptrend, with +30% upside potential to $13 next. Stop Loss at $8.50.

Weekly Price Analysis

In the last week, Aptos has exhibited a bullish trend, having gained approximately 10% over the past week. The price reached a cycle high of $10.73 and a low of $9.45.

Trend: Short-term trend is Strong Up, Medium-term trend is Strong Up, Long-term trend is Up.

Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. 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.

Indicators Value

• Relative Strength Index (RSI): 70.21 (indicating overbought conditions)
• Simple Moving Averages (SMA):
  • 50-day SMA: $7.45 (currently trading above)
  • 200-day SMA: $8.53 (currently trading below)
• Moving Average Convergence Divergence (MACD): 0.12 (neutral signal)
• Average Directional Index (ADX): 46.54 (suggesting a strong trend)

News Roundup

• Technological Advancements: Aptos utilizes a unique consensus mechanism allowing for high transaction throughput (over 150,000 transactions per second).
• Partnerships and Integrations: The Aptos team has been actively engaging with various DeFi projects.
• Market Sentiment: Currently, the Fear & Greed Index indicates “Greed,” suggesting that investors are feeling optimistic about the market.

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