Aptos price analysis confirms that the market is bullish for today, as the APT price is up 6.13% on the day. The APT/USD pair has been in an uptrend since it broke out of the $8.8319 resistance level earlier today and has been trading within a range between $7.664 and $10.978 for the past 24 hours, with significant buying pressure around these levels. At the same time, support for APT/USD is present at $8.31, and any downward movement could see a pullback in price to this level. The overall market sentiment is bullish, and traders continue to remain confident that the rally will continue in the near future.
The daily trading volume for APT has also seen an increase over the past 24 hours, with over $113 million worth of tokens traded. This amount is 58.8% higher than that of the previous day and indicates a surge in demand for the token. The APT coin is currently in the 33rd position on CoinMarketCap and has a total market cap of $1.73 billion.
Aptos price analysis 1-day chart: APT/USD bullish spikes price above $8.8319
The 1-day Aptos price analysis is displaying encouraging signs for buyers, and bullish momentum has been building steadily over the past few days. As buyers continue to take the lead, investors are optimistic that the recent rally could extend even further in the coming days. The coin has been forming higher highs and higher lows, which indicates that the uptrend is still intact and there could be further upside potential from here.
The relative strength index (RSI) is currently at 40.92 in the 1-day chart, which indicates that the market is neither overbought nor oversold. The moving average convergence and divergence (MACD) line (blue) is below the signal line (orange) and is showing signs of a bullish reversal. The 20-EMA crosses above the 50-EMA confirming the strong bullish momentum.
APT/USD 4-hour price chart: Bullish momentum still maintains the $8.99 resistance
The 4-hour Aptos price analysis has also seen an increase over the past 24 hours, with the price trading around $8.8319. The APT/USD pair is approaching the resistance level of $8.99 and could break out to the upside if buying pressure continues. The MACD line has crossed above the signal line and is showing a continuing uptrend, Additionally, the histogram is showing a bullish trend as the bars have turned green.
The relative strength index (RSI) is also showing strong bullish sentiment at 63.22, moving towards the overbought zone. The 50-day moving average (MA) is also showing bullish sentiment as it has crossed above the 200-day MA. This indicates that the long-term trend is also bullish in nature. Currently, the moving average is at the $8.54 level.
Aptos price analysis conclusion
To conclude, the Aptos price analysis market is looking bullish, with a good amount of buying pressure in play as the token pushes toward higher levels. The technical indicators have all turned bullish, and the daily trading volume has also seen an increase, indicating strong demand for the token. If bulls can break the current resistance levels, then further upside could be expected.
