Aptos (
#APT ) may be preparing for a potential rally to continue its bull market challenges.
According to a chart analysis created by AMBCrypto, the
$APT price is about to form a Golden Cross formation that suggests a potential rally.
Having increased by nearly 35 percent since November 4, APT managed to break through a significant resistance level. Approached by investors with an income range, APT gained significant momentum in social volume and recovery performance.
The analysis predicted that the APT price could increase by up to 75 percent if the Golden Cross works.
Aptos (APT) analysis A strong technical signal, the Golden Cross, occurs when the price crosses above the 50-day simple moving average (SMA) and the 200-day SMA. The indicator in question means that the rise may continue.
Commenting on the Golden Cross formed on the APT chart, AMBCrypto noted the following sentences;
“The Golden Cross coincides with the recent increase in APT’s trading volume. The positive outlook on the chart strengthens the positive sentiment. “According to the analysis, if the APT price can exceed a potential resistance level of $ 10.58, it will target $ 19. The incoming target, which indicates a rise of close to 75 percent, was shown as the peak of the Golden Cross.
Aptos day-to-day growth The development change in the Aptos blockchain and the risk appetite created by the bull market shaped the predictions that the APT price could rise. In addition, APT's social volume increased significantly.
The following statements were included in the analysis;
“It is thought that the framework for APT may have more sections than its rally appears.” According to Santiment, Aptos' development activities reached a significant level of 75.43. AMBCrypto, who said, “The Aptos party is recording growth,” expressed that the popular blockchain will gain long-term value.
On the other hand, the amount of open positions in APT's rollover transactions reached 225 million.
The analysis evaluated the tempo as follows;
“Golden Cross looks poised for potential growth with increased social volume, increased performance operations and Aptos.
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