Aptos price analysis is bullish today. Bulls pushed the price as high as $8.11 today after losing streak for the past week, and it looks like the trend will continue. The price is currently facing resistance at $8.15, but if broken, it could reach $8.30 and beyond. On the other hand, if it fails to break, the $7.85 support could come into play and pull the price lower again.
Most cryptocurrencies are currently in a bull market, and APT is no exception. Top coins like Bitcoin, Ethereum, and Binance Coin are all on the rise, while Aptos is catching up. 24-hour trading volumes are still down as buyers take a cautious approach. The current market value is 1.6 billion, and the increase in the past 24 hours is 1.09%. If the bulls continue to dominate the market, it is expected to rise further.
Aptos price action on 1-day price chart: APT/USD forms bullish engulfing pattern
The 1-day price chart from Aptos Price Analysis once again favors the bulls as they regain momentum after facing losses. Price value has improved since yesterday. This is indeed encouraging for buyers looking to take control of the market and further increase the value of cryptocurrencies.
APT/USD 24-hour price chart. Source: TradingView
Technical indicators on the charts point to a strong uptrend, as the MACD indicator recently issued a buy signal. Both the signal line and the histogram are likely to move higher in the coming days, which is a positive sign for APT traders. The RSI is currently at 38.02, showing a bullish market sentiment, suggesting that buyers may soon take over. The moving average indicator at $8.26 is also pointing upwards, indicating a bullish market.
Aptos Price Analysis: Recent Developments and Further Technical Indicators
The bullish momentum is further confirmed by the 4-hour price chart from Aptos Price Analysis. APT price surged, fluctuating between support and resistance levels of $7.85 and $8.15. The bulls’ efforts caused APT prices to rise 1.05% to $8.11 during the uptick.
APT/USD 4-hour price chart. Source: TradingView
The 4-hour MACD indicator shows a gradual shift from bearish to bullish, while the signal line is close to the histogram in an uptrend. This is further confirmation that APT/USD has found a strong support level and may enter a bull market soon. The RSI for this chart is currently at 49.49, which is a neutral zone that can go in either direction. The 20-period moving average is moving up, indicating that the bulls are gaining strength in the market.
Aptos price analysis conclusion
Overall, Aptos price analysis shows that the bulls have taken control of the market, and given that all technical indicators are pointing in the same direction, APT/USD could soon rise higher. Buyers are expected to continue to dominate the market and push prices higher, but proceed with caution as a sudden bearish spiral could send APT below its support level.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com disclaims all liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.
Source of information: Compiled from CRYPTOPOLITAN by 0x Information.Copyright belongs to the author Editah Patrick, without permission, may not be reproduced