thecoinrepublic.com
- 1 The APT coin price signifies buyers’ accumulation and is preparing to escape the $10 mark.
- 2 The APT price split the trendline hurdle and is heading to reach the blue sky zone.
Aptos coin represents an uptrend and decisively retains the gains in the bullish region, conveying the buying interest. However, the buyers are trying to sustain above the $10 mark to gain momentum to unlock a further upside. The price action shows that the coin has smashed the falling trendline and has retested the 20-day EMA. The coin may also spark gains based on the price action and may outperform above the $12 mark.
APT coin’s price trades above the significant moving averages and replicates bullishness on the charts. The coin has recently retested the 200-day EMA, and a rebound was glimpsed. Now, the coin intends to surpass the $10 mark, which can open the room toward $12. Per the Fib retracement levels, the coin has sustained above the 38.2% zone but is yet to maintain above the 50% zone.
The Aptos coin (APT) price was $9.29 at press time, with an intraday gain of 1.29%, showing neutrality on the charts. Moreover, the trading volume has increased by 4.51% to $151.88 Million. The pair of APT/BTC is at 0.000180 BTC, and the market cap is $1.21 Billion. Analysts are neutral and suggest that the Aptos (APT) price will continue to stretch the reversal and may surpass $10 soon.
The APT Coin Price Displays Buyer Accumulation on Daily Charts
On the daily charts, the coin was trading in a bullish trend and delivered positive sentiments despite the remarkable reversal from the 200-day EMA mark. A reversal was noted from the demand zone of $5 to $10. A surge of over 100% took place in the past weeks, replicating the investor’s interest. However, investors must remain cautious due to over-optimism and keep an eye on the $8 mark. A correction may trigger below that mark.
The Relative Strength Index (RSI) curve stays in the overbought zone and forms a positive divergence, conveying a bullish outlook. Similarly, the MACD indicator shows a bullish crossover and displays green bars on the histogram, suggesting an outperformance for the upcoming sessions.
The Aptos Coin Price Reveals a Reversal on Weekly Charts
Despite the ups and downs and the volatile market, the Aptos coin returned from the bearish region and reclaimed the bullish region. Additionally, the coin is targeting to retest the upside of $15 to unlock a rally toward $20. The coin has experienced a severe correction from the highs of $20 and retested the lows of $4. Afterward, a notable reversal led the coin from the plinth to paramount, soaring over 110% in the past weeks.
Summary
The Aptos coin is on the verge of unlocking the doors toward the blue sky zone and is attempting to smash above the $10 mark. If the coin succeeds in its mission, it may rally toward $15 shortly.
Technical Levels
Support Levels: $9 and $8.20
Resistance Levels:$10.20 and $11
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.