While Aptos (APT) has struggled to gain a strong foothold in the bull market, it now appears to be preparing for a potential rally.
According to AMBCrypto’s chart analysis, the APT price is about to form a “Golden Cross” formation that signals a potential rise. APT, which has increased by approximately 35% since November 4, has managed to break through a significant resistance level. Investors are closely monitoring these developments with expectations of an increase, and APT has also gained significant momentum in its development activities with its social volume.
The analysis predicted that if the Golden Cross formation comes into play, the APT price could surge by up to 75%.
Aptos (APT) Technical Analysis
A Golden Cross is known as a strong technical indicator and occurs when the price breaks above the 50-day simple moving average (SMA) and the 200-day SMA. This pattern indicates that the price may continue its upward movement.
Regarding the Golden Cross seen on the APT chart, AMBCrypto stated:
“The Golden Cross occurred in parallel with the recent increase in APT’s trading volume. The positive outlook on the chart is creating a positive sentiment among investors.”
According to the analysis, if the APT price breaks out of a potential resistance level at $10.58, a move towards the $19 level is possible. This would imply a price increase of up to 75%, and this target is shown as the peak of the Golden Cross formation.
Aptos’s Rising Potential
The increasing development activity on the Aptos blockchain and the risk appetite brought by the bull market are strengthening the expectations for an upward APT price. In addition, APT’s social volume has also increased significantly.
The analysis included the following statements:
“The rally expected for APT is likely to receive much more support than meets the eye.”
According to Santiment data, Aptos’ development activities have reached a significant milestone, reaching 75.43. AMBCrypto stated that Aptos is “showing steady growth,” emphasizing that the popular blockchain will gain value in the long term.
On the other hand, APT's open position in the futures market has reached $225 million.
Uptrend Expectations and Results
The analysis summarizes the bullish expectation as follows:
“With the Golden Cross formation, increasing social volume, strong development activity, and futures growth, Aptos looks to have great growth potential.”
As a result, APT is thought to have significant upside potential in the short term, with strong technical indicators and increasing investor interest.