Aptos Crypto Rises 8.8% in 24 Hours: Weekly Chart Points to Further Gains
Analyst
- APT is projected to maintain a positive trajectory in the coming weeks.
- The short-term sentiment remains positive, but BTC’s price fluctuations could impact this outlook.
Aptos [APT] has shown a promising structure on the weekly chart and continues its upward trend even amidst market volatility and uncertainty experienced recently. The breakout above $7.5 was followed by a downturn along with broader market trends.
Nevertheless, higher timeframes do not indicate an impending bearish trend. A fall below $7.23 would be the initial signal of a bearish scenario; however, this decline seems improbable given the current evidence.
Aptos Crypto tests August high as support
Source: TradingView, APT/USDT
This Tuesday saw Aptos experience a 1.56% loss for the day, though intraday trading exhibited high volatility. Trading volumes mirrored those seen during the panic on August 5. Despite general fear in investors’ sentiments, prices did not dip below $7.57—the established August high utilized for Fibonacci calculations of extension and retracement levels—while the 61.8% level at $9.58 aligned with approximately $10 worth of weekly order block resistance.
The 100% extension level at $10.82 signifies resistance dating back to December 2023; hence swing traders are likely keeping an eye on these targets in upcoming months.
Both daily and weekly charts reflect an ongoing uptrend; however, MACD has displayed a bearish crossover which suggests short-term downward momentum may arise alongside CMF also dipping yet remaining above +0.05—indicating considerable buying pressure persists.
Shifts in Open Interest Trends
Open interest has experienced declines over recent weeks but altered dramatically within just 24 hours—with OI rising from $104 million to $124 million as APT surged by about 7 .2 %. p >Are your investments profitable? Explore Aptos’ Profit Calculator today! p >
CVD for spot transactions has consistently climbed over several days suggesting that immediate sentiment reflects optimism among traders anticipating potential upward movement ahead.
Disclaimer: This piece is strictly informational and should not be interpreted as financial or investment advice—it solely reflects its author’s views. p > div > div > div >
