Home
News
- 1 The APT crypto price persists in extending gains and resembling bullishness.
- 2 The Buyers are accumulating the coin and are eyeing the $20 mark.
The Aptos coin (APT) price has noted an uptick and surged by over 30% this week, replicating the bullishness on the charts. The APT token price persisted in extending the bull rally and has reached a bullish trajectory. Most altcoins have noted a down move this week, but the APT token is riding on a different path and is stretching the up move decisively.
At press time, the APT coin (APT) price was trading at $14.98 with an intraday gain of 15.12%, indicating buying momentum on the charts. It has a monthly return ratio of 58.90% and 83.40% on a yearly basis. The pair of APT/BTC is at 0.000219 BTC, and the market cap is $1.95 Billion. Analysts are bullish and suggest the Aptos price will continue to deliver the bullish rally and may reach the $20 mark soon.
Aptos (APT) seems in Hurry; Can Bulls Maintain Their Dominance?
The chart shows that the buyers are looking aggressively and persist in accumulating the coin, resulting in a sharp, gigantic up move for the past weeks. This week, the coin price and trading volume noted an uptick resembling the bullishness. The price jumped over 30% and has reached $15, whereas the trading volume increased 300% to $608.73 million, suggesting a positive outlook for the upcoming sessions.
Price Volatility and Sentiment Analysis
This week, the price volatility bounced from the bottom, and a spike of over 180% was noted at 0.037. It indicates the rise in the trading activity, which resumes the price up move. The total weighted sentiment remained neutral and noted a steady move close to the midline at 0.021.
The Relative Strength Index (RSI) curve stayed in the overbought zone and rose toward 78, indicating a bullish outlook. Moreover, the technicals are favoring the bulls and suggesting that the coin still has an upside room to $20, which can be reached soon.
Social Dominance and Development Activity Overview
Per the Santiment, the social dominance data remained steady and is witnessing a neutral overview on the charts. The development activity noted an increase of over 25% to 45.67, indicating positive investor interest. The Twitter followers data also signifies a consolidated action and remains at 231.
What Do the Open Interest and Market Cap Suggest?
The derivative segment replicating the long build-up activity and the open interest noted an increase of over 34% to $195.10 million.
Following the uptick in the coin price, the market cap persisted in increasing and rose to $1.91 billion.
The total supply of the APT coin is 1 billion, and the volume-to-market cap ratio is 0.317. The coin stands at 62 in the crypto market, per the market cap value globally.
Summary
The Aptos coin (APT) reveals a follow-on buying momentum, forming higher high swings for the past weeks. Furthermore, the trend is bullish, and further bounce is anticipated in the following sessions.
Technical Levels
Support Levels: $14.20 and $13.80
Resistance Levels: $15.30 and $16
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.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
