đ Aptos (#APT ) Price Flashing Bullish Signals: Rally Above $8 Next?
Aptos, a Layer-1 blockchain platform, has shown a channel breakout and teases for an up move. Amid the choppy market movements, Aptos (APT) price succeeded in moving out of the channel, representing bullish observations.
Aptos has recovered nicely from the recent dip. It has now been footing a bullish move after mounting new support above the $6 mark mid-week.
Starting with a positive note this month, the Aptos price has surged more than 50% and conveyed buyer dominance. Still, the APT tokenâs bullish leg may stretch further and can proceed toward the $8 mark in the coming sessions.
Even though the bulls managed to register a breakout last week, bulls must close above the $7 mark to confirm a major shift.
APT bears are currently off the market. The token was been well placed above the key moving averages. APT depicted fresh higher high swings in the last few weeks.
đ¸ How Is Aptos Price Currently Doing?
Aptos traded at $6.95, declining over 1.90% in the past 24 hours. APT trading volume surged by over 78%.
It was ranked in the 28th position with a market cap of $3.37 Billion. Additionally, it has a volume-to-market cap ratio of 0.0592.
đ¸ #Aptos Looks Bullish: Price Action Outlook
Aptos price 1-day chart reflected a bullish structure. Accompanied by significant buyer accumulation and higher high series. Aptos price escaped the sellerâs control and noted bullish cues.
Looking ahead, an inclining trend continued the pullback in the short-term guides that the token anticipated to trigger a rally. The increasing bullish influence hints that the token can deliver a massive outperformance above the $7.20 mark.
Aptosâs increased volatility with a rise in volume participation showed that investors are watching it. They have been looking for a fresh upward movement past the 100-day EMA to make fresh positions ahead.
