Aptos price (APT) is giving bullish signals
Aptos, a Tier 1 blockchain platform, has shown a channel breakout and is preparing for an upward move. Amid volatile market movements, the price of Aptos (APT) has managed to break out of the channel, indicating bullish observations.
Aptos has recovered well from the recent fall. It is now showing bullish movement after setting new support above the $6 mark mid-week.
Starting off on a positive note this month, the Aptos price is up over 50% and has shown buyer dominance. However, the APT token's bullish trend could stretch further and approach the $8 mark in the coming sessions.
Although the bulls managed to capture a breakout last week, the bulls need to close above the $7 mark to confirm a major shift.
APT bears are currently out of the market. The token was well placed above key moving averages. APT has shown new higher swing highs over the past few weeks.
How is the price of Aptos doing right now?
Aptos was trading at $6.95, down more than 1.90% over the past 24 hours. APT's trading volume is up more than 78%.
It ranked 28th with a market capitalization of $3.37 billion. Moreover, the volume to market capitalization ratio is 0.0592.
Aptos looks bullish: price action outlook
The 1-day price chart ofAptos reflects a bullish structure. Accompanied by significant accumulation of buyers and higher highs. Aptos price has broken out of the seller's grip and noted bullish signals.
Looking ahead, we note that the sloping trend continued the pullback in short-term forecasts that were expected to trigger the token's rise. The growing bullish influence hints that the token could significantly surpass the $7.20 mark.
The increased volatility of Aptos with increased participation showed that investors were watching. They were looking for a new upward movement after the 100-day EMA to open new positions in the future.
