APT is expected to reach the double-digit mark of $10.41, thanks to strong technical indicators pointing to upside potential.
Investor confidence remains high, as evidenced by strong fund inflows and several indicators pointing to upside potential.
In the last week alone, the share price of #Aptos [APT] has risen by 17.81%, mainly due to a daily increase of 13.04%.
An AMBCrypto analysis further supports this optimistic outlook, citing a new bullish formation that confirms the asset's strong momentum.
#APT is currently trading within an ascending triangle, a bullish configuration that is known to drive prices higher. Horizontal resistance and ascending support lines characterize this pattern.
In recent price action, APT bounced off this support line and approached the resistance zone at $7.45. If buying pressure outweighs selling at this level, APT will be ready to break through resistance.
After a successful breakout, the rally could extend to the key price levels of USD 8.56, 9.74 and 10.41, where prices could stabilize. Conversely, if the overall market turns bearish, APT could retreat to USD 4.32.
AMBCrypto also highlighted several indicators pointing to bullish momentum, which could help APT overcome the resistance zone.
At the time of publication, APT reached a notable technical mark known as the golden cross, characterized by the intersection of the blue MACD line with the orange signal line. The MACD line is also positive at the 0.05 level. A golden cross is a predominantly bullish signal, indicating that the price of APT is likely to continue its uptrend from current levels.
addition, the Chaykin Cash Flow (CMF), which evaluates both price and volume to determine inflows and outflows into the asset, suggests that APT is in an accumulation phase.
This phase is confirmed by the CMF value increasing to 0.18 and getting stronger.
According to Coinglass, open interest in APT has increased significantly, rising 21.
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