• 22 June, 2024
Market News

Aptos Price Gains More Than 150 Percent in the Last 7 Days

Aptos price analysis shows a strong bullish sentiment in the market as the coin surged from $7.9 to $19.8 within a week. The price hike was driven by the strong buying volume from miners and institutional investors.

Aptos prices have been on a steady rise since the beginning of 2023 due to their increasing popularity among investors and traders. The coin has seen increased demand in recent weeks with mining activity contributing significantly to the growth in price. 

Moreover, Aptos blockchain is trading at a significantly higher price compared to its seven-day low of $7.9 and currently stands at $19.8 per coin. This marks a remarkable increase in the price of Aptos, and investors are largely optimistic about the future potential of this cryptocurrency.

The APT/USD has gained more than 150 percent in the last week, and investors are now hoping that the positive price performance will be sustained as they look to maximize their profits. The APT/USD pair is currently aiming for the next resistance levels at $25.5 and $30, which could be achieved in the coming days or weeks as long as the bullish sentiment continues to grow.

APT/USD one-week price chart: Coin market cap

Furthermore, analysts have suggested that further price increases could occur if Aptos reaches a critical level of market capitalization above $2 billion. The trading volume of Aptos has also been increasing steadily in the past few days, indicating the presence of institutional investors in the market.

Currently, the trading volume stands at $1.8 billion, and it is expected to increase further as more investors join the market.

The long-term and short-term day traders should keep an eye on the price of Aptos and take advantage of the bullish sentiment to maximize their profits. Furthermore, investors should also remain wary of any sudden market corrections that might occur in the near future. Overall, it looks like Aptos is set for a bright future with its prices expected to continue rising in the coming days.

Looking at the technical indicators, it appears that the prices are likely to remain supported in the near future. The Relative Strength Index (RSI) is currently at 77.2, indicating that Aptos is overbought and in an uptrend. Moreover, the Moving Average Convergence Divergence (MACD) is also trending positively which means that the price action could continue in the bullish direction. 

APT/USD 1-day price chart: Trading view

The MACD line is currently above the signal line, indicating that there is more upside potential for Aptos. The 50-day moving average and 200-day moving average are also both trending upwards, suggesting that the bullish sentiment is likely to remain intact.

Overall, it appears that Aptos prices are likely to continue their positive performance in the near future as the bullish sentiment remains strong. With more investors joining the market and institutional trading activity continuing to increase, Aptos could easily reach its next resistance levels at $25.5 and $30 in the coming days or weeks.

What Insights Can Investors Gain From the Increased Whale Activity in AAVE, MATIC, and DYDX? Read Previous

What Insights Can Investors Gain From the Increased Whale Activity in AAVE, MATIC, and DYDX?

Cryptoquant’s Profit and Loss Index Affirms That We Are in the Nascent Stages of a Bull Market Read Next

Cryptoquant’s Profit and Loss Index Affirms That We Are in the Nascent Stages of a Bull Market