During the current market correction, assets behave differently. Some assets are trading sideways like Bitcoin, another part is growing, and the third part is falling.
It is during corrections that assets become interesting for purchase. BUT it is important to focus on fundamentally strong projects.
🔍 Aptos(APT) is a relatively new layer 1 blockchain designed to mainstream Web 3.0 and empower the decentralized application ecosystem.
The main feature of this network is the use of parallel transaction technology, which increases the throughput of the blockchain and increases the speed of transactions.
The transaction processing speed per second reaches 160,000 transactions per second.
For example, the processing speed of VISA transactions is only 24,000 💳
And the most interesting thing is, the founders of the project:
Mo Sheikh - former head of the affiliate department of Meta (Facebook), previously worked at BlackRock
Avery Ching is a former Principal Software Engineer who led Meta(Facebook)'s internal blockchain solutions and previously worked at Yahoo.
🕯 Technical analysis
The coin is moving within the medium-term ascending channel and is now at the lower border of this channel.
Below, the price has support in the form of the channel median, long-term moving averages, the level of $10.9, the psychological level of $10 and the profile volume at $9.5.
Volume entered the coin when it was rising, but when it was falling, the volume did not grow much.
The indicators have cooled down very well and have almost reached the severely oversold zone.
The coin is already down -36.99%, which is high in a bull market for a project of this size.
✔️ You should definitely take the coin.
In the worst case scenario, the price will drop from the current ones by another -20-24% and then it is better to just buy an additional coin.
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