Will Aptos Coin Price Reclaim The $10 Mark?
The hot controversial topic of crypto space, Aptos coin is currently trading at $9.15 with an intraday gain of 5.55%. This new layer-1 blockchain launched on Monday but received plentiful hatred from crypto investors for the lack of clarity around its tokenomics. As a result, altcoin dropped 40% on its first trading day. However, as the price action seems stable now, let’s see what technical analysis says about the future potential for the APT coin.
Key points:
- The Aptos coin offers a bullish breakout from the rounding bottom pattern
- A breakdown will the $8.3 will invalidate the bullish influence if the chart pattern
- The intraday trading volume in the Aptos is $895.5 Million, indicating a 52% gain.
Source- Tradingview
The daily technical chart showcased a bullish outlook with the formation of a rounding bottom pattern. In theory, the U-shaped recovery indicates a gradual improvement in market sentiment and leads assets to higher prices.
The four-hour time frame chart shows the altcoin gave a massive breakout from the $8.3 neckline resistance. A significant rise in volume activity during the breakout indicates that buyers are confident that APT could sustain higher prices.
The breakout rally reached a high of $9.27, followed by a sharp reversal to retest the breached resistance. Thus, the altcoin could drop another 6.7% before it hit the flipped support of $8.3. Furthermore, the Aptos coin price showing sustainability above this level will indicate that the buyers have acquired a stable footing to raise the price.
As for the technical setup, the rounding bottom price offers a bullish for the same distance prescient from its bottom support to the neckline. Thus, the post-retest rally will drive the prices to a high of $9.63.
In addition, this development will offer another breakout opportunity from the $9.3 resistance with a possible target of $10
Technical Indicator
Relative Strength Index: the daily-RSI slope reverted from the overbought region, bolstering the expected pullback in the Aptos coin.
EMAs: the rising 20-and-50-day EMAs reflect an ongoing bullish rally for APT price. Moreover, these EMAs could offer strong pullback support to capture dip opportunities.
Aptos Price Intraday Levels
- Spot rate: $8.88
- Trend: Bullish
- Volatility: Low
- Resistance level- $9.3 and $10
- Support level- $8.3 and $7.65
- Why Is Crypto Market Up Today?
- Trump Tariffs: Crypto Market Surges After $400B Dividend Announcement for Americans
- Michael Saylor Hints Bitcoin Buy As Goldman Sachs Predicts Three Fed Rate Cuts
- What’s Behind Ethereum’s Drop: Macro, TVL, DeFi & Liquidity Zones
- Bitcoin ETFs Record Biggest Daily Outflow Since August as OG Whales Cash Out
- After a 17% Jump, Is Litecoin Price Rebound Sustainable Amid Dominant Sell Activity?
- Cardano Price Soars 10% Amid Retail Accumulation: Will Bulls Target $1?
- Bitcoin Price: How Low BTC Could Fall by the End of 2025?
- Post-Giveaway Supply Shock: Impact on FUNToken’s Liquidity and Market Depth
- Aster Price Poised to Hit $2 as Coinbase Adds ASTER to Listing Roadmap
- Filecoin Price Rockets 51% as Grayscale’s FIL Holdings Hit Record High — What’s Next for FIL?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
