As a seasoned crypto investor with a knack for spotting promising altcoins, I find myself intrigued by the Aptos price analysis suggesting an 80% surge ahead. Having missed the SUI rally earlier this year, I’m eager to capitalize on the similarities between these two projects and seize the potential gains that Aptos may offer.
On Tuesday during U.S. trading hours, analysis of Aptos’s market session indicates a 5% rise that reached a 6% monthly peak at $10.7. This upward trend presents APT investors with the next logical point for a possible prolonged increase, driven by a significant crossover between the 50-day and 200-day exponential moving averages, often referred to as a “golden cross.” Is it plausible that this cryptocurrency could mirror SUI’s price growth and experience an 80% increase in the fourth quarter?
Missed the SUI Rally? Aptos Price Analysis Hints at an 80% Surge Ahead
Over the past few weeks, I’ve been thrilled to witness a significant surge in the price of Aptos. Starting mid-September, we saw an impressive rally from around $5.65 to reaching as high as $10.55. This remarkable climb represents an 86% growth – truly a testament to the coin’s potential.
By sustaining this upward trend, it becomes evident that Aptos has moved beyond a six-month period of sideways movement, mimicking the pattern seen in SUI’s September surge. Following its price breakout, SUI experienced an impressive 102% increase, peaking at $2.36. Given the similar pre-breakout patterns observed in Aptos’ price analysis, its recent breakout is likely to initiate a substantial price rise.
As a crypto investor, I’m optimistic about the potential increase in APT price. With consistent buying, there’s a strong possibility that it could surge by around 80% to reach the resistance level of $19.5. Additionally, my analysis of the daily chart indicates a significant spike above crucial exponential moving averages (20, 50, 100, and 200), which implies a favorable shift in the market sentiment, suggesting potential growth ahead.
APT Futures Open Interest Hits $250M as TVL Soars
Based on DefiLlama’s statistics, Aptos’ Total Value Locked (TVL) has dramatically grown from $328 million in early August to $739 million. This impressive increase represents a more than 125% rise. Typically, an uptick in TVL signifies growing investor confidence as more funds are invested into decentralized applications.
Increased activity on the Aptos network could lead to a surge in user engagement, thereby fueling organic interest and increasing the need for the native cryptocurrency, APT.
During this timeframe, the open interest in the APT future derivative market has significantly ballooned from $54.58 million to a staggering $250 million – reflecting a substantial rise. This surge suggests that traders are becoming increasingly active in anticipating future price fluctuations for the APT.
Based on these signs, it appears that Aptos coin might be headed for an optimistic trend, possibly leading to a significant price increase.
Conversely, should the analysis of Aptos’ price not breach the $10.2 mark, the selling pressure might intensify, boosting the negative trend and potentially causing a significant turnaround. This possible decrease may indicate the continuation of an ongoing symmetrical triangle formation.
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2024-10-15 22:41