Aptos (APT), which has increased by 12.5% in the last 24 hours, has left behind the consolidation period that has been ongoing since October 13. Aptos, one of the most remarkable layer-1 projects of recent times, has managed to attract the attention of investors again. The smart contracts platform has gained significant momentum by increasing the total locked asset value (TVL) by $ 200 million in the last two days. The APT price approached $ 11 with its increase in the last 24 hours.
AMBCrypto noted that investors have ended up increasing their savings for a possible rise, indicating that the rise could accelerate.
Is Aptos Signaling a Rise?
AMBCrypto used the following statements in its published analysis: “Considering recent market movements, there is a possibility of an upward move.”
APT gained 29.61% in the past month and started October with great interest. APT, which has gained 20% in the last two weeks, consolidated between $9.81 and $10.61, and made a significant breakout in the last 24 hours. The analysis emphasized that market participants increased the price by buying APT in anticipation of an upward breakout. The analysis, which targets $10.74, indicated that this level could be a potential pre-uptrend demand zone.
The analysis included the following statements: “Current technical indicators support the possibility of an upward move.”
The MACD indicator pointed to the bullish potential of APT. The analysis noted that if the positive outlook continues, a Golden Cross formation, which is a rally indicator, may form in APT.
Another important data, the Relative Strength Index (RSI), also gave positive signals. The analysis, which commented on the situation in the RSI, used the following statements: “The RSI shows that the price of APT is in a good position for a rally and could potentially see an increase that would change the market direction in favor of the bulls.”
