APT heads up to $8.69. More upside to follow? – Cryptopolitan

The Aptos price analysis indicates that the APT/USD has experienced a resurgence in the last two days. The coin’s value has been significantly boosted by the bullish trend, climbing to $8.69, with buyers benefiting from the price rise. Today, the bulls managed to break through the $8.55 resistance level and are now targeting the $9.16 resistance level, with further gains anticipated. Overall, the bullish momentum appears to be strong, and it can be expected that the coin’s value will continue to rise in the coming days.

APT/USD 1-day price chart: APT covers range upwards

Examining the 1-day price chart in the Aptos price analysis, it becomes evident that the cryptocurrency’s price has experienced an impressive upward trajectory over the past three days. This substantial and continuous growth serves as an encouraging development for potential buyers. Within the last 24 hours alone, the price has surged to reach $8.69, marking a significant gain of over five percent in value over the course of the week. The persistent dominance of the bulls has been instrumental in maintaining the upper position in the market. Moreover, the price has successfully surpassed the moving average (MA) value, which currently stands at $8.42 on the 1-day chart.

The volatility has been increasing, with the upper value of the Bollinger bands at $10.90 representing the resistance and the lower band at the $7.59 mark representing the strongest support. At the same time, the Bollinger bands average forms at the $9.25 mark above the price level. The Relative Strength Index (RSI) score has reached index 39, with its upward curve indicating the solid buying activity in the market.

Aptos price analysis: Recent developments and further technical indications

The Aptos price analysis on the four-hour chart is revealing promising indications of an upswing in the market. Throughout the day, the price has experienced a significant and noteworthy increase. The bullish momentum has been gaining strength over the past few hours, driving the price higher until the most recent hour. Presently, it has reached the $8.69 level, reflecting the positive trend. Furthermore, the moving average has consistently remained above the SMA 50 curve and has even climbed to $8.66, providing further proof of the bullish sentiment.

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In the four-hour price chart, the Bollinger bands indicator for DOT displays an average value of $8.48. While the upper band has surged to the limit of $8.86, the lower band is positioned at $8.11. This wide gap between the upper and lower values indicates a high level of volatility for the cryptocurrency. As the recent bullish activity in the market drives the price upwards once more, the RSI score is also on the rise. On the four-hour chart, the RSI indicator registers a reading of 58, placing it in the upper half of the neutral range.

Aptos price analysis: Conclusion

According to the Aptos price analysis, the bulls have regained control and propelled the price upwards, reaching notable heights today at around $8.69. The market outlook suggests that APT/USD is likely to sustain its upward trajectory, with further upside potential towards the $8.86 level expected throughout the day. However, it’s important to note that as the price approaches the uppermost resistance, a corrective phase might initiate.

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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.