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- 1 The APT price persisted in soaring gains, and a bullish rally was witnessed.
- 2 The Buyers have been showcasing their dominance and are eyeing the $20 mark.
The APT price delivered a sharp buying momentum and has persisted in extending the gains, replicating the outperformance for the past sessions. The trend is bullish, and the APT coin is trading near its all-time high trajectory of near $20. For weeks, the Aptos coin persisted in delivering the higher high structure and resembled the follow-on buying momentum on the charts.
At press time, the Aptos coin (APT) price was trading at $17.00 with an intraday drop of 0.66%, reflecting bullishness on the charts. It has a monthly return ratio of 37.90% and 52.78% on a yearly basis. The pair of APT/BTC is at 0.000243 BTC, and the market cap is $2.21 Billion. Analysts are bullish and suggest that the Aptos price will continue to extend the gains and may soon cross the $20 mark.
APT Price To Volume Profile Outlook
The above data showcased the combined metrics of the price and the trading volume of the APT coin, revealing an uptrend on the charts. Amidst the price-up move, the trading volume remained lower, signaling a threat among the investors. Despite the market downturn, the APT coin has decisively held gains above the key moving averages and is delivering bullish waves.
The intraday trading volume dropped over 15.89% to $272.50 million, signifying retracement in the last 24 hours.
Price Volatility and Sentiment Overview
The price volatility remained average, signifying nominal fluctuations, and the volatility curve stands near 0.011. However, the weighted sentiment reverted below the negative zone, noting around -0.196.
Social Dominance and Active Users (Twitter) Signifies a Drop
Per the Santiment data, the social dominance value signified a decline of over 13% and slipped to 0.106%, revealing neutral investor interests and discussions on the media platforms. However, the active users on the telegram platform noted a steep decline of over 230% to 1728.
Development Activity and Open Interest Outlook
The data indicates that the development activity of the APT coin noted a decline of over 25% to 249. Besides, the derivative data signifies a long unwinding, where the open interest dropped over 1.28% to $238.87 million.
Per the Fib levels, the APT coin is trading above the 61.8% zone and is decisively sustaining gains above the key moving averages. The RSI curve stays in the overbought zone and forms a positive crossover on the charts.
However, the total supply of the APT coin is 1 billion, and the volume-to-market cap ratio is 0.124. Per the market cap, the APT coin stands at 56 in the global crypto market.
Summary
The Aptos coin (APT) price persisted in skyrocketing gains and is trading close to its all-time high trajectory near the $20 mark. Moreover, the trend is bullish, and the bulls are accumulating the gains and are looking to exceed the $20 mark.
Technical Levels
Support Levels: $16.70 and $16
Resistance Levels: $17.60 and $18
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.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
