APT/USDT Analysis:
With a bullish trend reversal in the daily chart, Aptos (APT) price surpasses the 200D EMA. The uptrend sustains dominance above the 23.60% Fibonacci level at $8.11 and teases a golden crossover between the 50D and 200D EMA.
The bullish trend shows a rounding reversal despite the broader market downfall, increasing the possibility of a bull run. Further, the daily RSI line shows a bullish trend approaching the overbought zone.
Based on the Fibonacci levels, the 23.60% Fibonacci level breakout run is heading to the 38.20% Fibonacci level at $10. Further, a boost from broader market recovery could scale to the $15.28 mark.
Technical Analysis:
- Price: $8.40 (APT/USDT)
- Trend: Bullish
- Support Levels: $7.50, $6.80
- Resistance Levels: $9.50, $10.80
- Moving Averages: MA50 ($7.92), MA200 ($6.49)
- RSI: 73.45
Fundamental Analysis:
- Market Cap: $840 million
- Trading Volume: $50 million (24h)
- Circulating Supply: 100 million APT
- Total Supply: 1 billion APT
- Use Cases: DeFi, yield farming, liquidity provision
Sentiment Analysis:
- Social Media: Positive sentiment
- Community Engagement: High
Prediction:
- Short-term: Potential upside to $9.50-$10.80
- Long-term: $15-$25, dependent on adoption and market conditions
Risks:
- Market volatility
- Competition in DeFi space
- Regulatory uncertainty
Key Metrics:
- Market Cap/Trading Volume Ratio: 16.8
- 24h Price Change: 4.5%
- 7d Price Change: 18.2%
