Aptos crypto can be a good buy for short term as it is showing signs of bullishness and can be a good performer for 10-20% move.
In this article, we will look at Aptos next target by looking at price chart and technicals.
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Aptos Next Target
Price: $12.50
Market Capitalization: $2.5 billion
24-Hour Trading Volume: $150 million
Circulating Supply: 200 million APT
Total Supply: 1 billion APT
Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern, which could signal at least a temporary bullish trend reversal with upside potential to $7.50 resistance. Stop Loss at $4.70.
Technical Indicators
Relative Strength Index (RSI): 55, indicating neutral momentum.
Moving Averages:
50-day SMA: $11.80
200-day SMA: $10.50
Trading Volume Trends: A 10% increase in 24-hour trading volume.
Trend: Short-term trend is Down, Medium-term trend is Strong Down, Long-term trend is Strong Down.
Momentum: Price is neither overbought nor oversold currently.
Support and Resistance: Nearest Support Zone is $5.00, then $4.30. Nearest Resistance Zone is $7.50, then $10.00.
Recent Developments
Integration of Tokenized Treasuries: Anchorage Digital has expanded its support to include tokenized U.S. Treasuries on the Aptos blockchain.
Global Expansion: The Aptos Foundation has established a new office in Abu Dhabi’s ADGM.
Native USDT Support: Binance has added native USDT support on the Aptos blockchain, facilitating faster and more cost-effective transactions.
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