- The APT crypto price has increased by more than 39.2% in the last 30 days.
- The volume of the Aptos crypto has witnessed an increase in the last 24 hours.
Aptos (APT) is a layer 1 blockchain token using the Move programming language, developed by Aptos Labs in 2021. Key components include Move for smart contracts, parallel processing execution, and AptosBFT consensus. APT is utilized for network fees, validator staking in DPoS, and on-chain governance, involving token holders.
The APT crypto has a market cap rank of #35 as per Coingecko and it has a market cap dominance of 0.13%. Additionally, the volume/market cap ratio of the crypto is 0.0834. The traded volume of the APT crypto in the last 24 hours is $187.475M.
The market cap of the APT crypto has declined by 1.03% in the last 24 hours resulting in $1.821 Billion. The max supply of the APT crypto is infinitem along with a circulating supply of 248.747 Million APT. The fully diluted market cap of the crypto is $7.81 Billion.
The derivatives volume for the APT token has increased by 24.32% in the last 24 hours. The resulting long/short ratio of the crypto in the last 24 hours is 0.9486. The buyers and sellers are fighting with each other as there is an almost equal amount of liquidation.
APT Crypto Technical Analysis
The APT crypto price has been forming a pattern of decreasing lows but has now surpassed a previous high point. This suggests a bullish trend, indicating a potential upward price movement.
The EMAs are forming a death cross pattern on the daily charts. Despite this, the crypto price has broken out above both the EMAs. This indicates that the buyers are taking up the momentum and this might lead to an uptrend in the upcoming days.
The RSI is giving a bullish signal. It is situated at a level of 68.07. This shows that the buyers are in control of the market sentiment.
Conclusion
The Aptos (APT) crypto has displayed several bullish signals. It recently broke above previous highs, despite a death cross pattern formed by the EMAs, indicating the buyers’ strength. The RSI is at 68.07, reflecting buyers’ dominance. The crypto holds a market cap rank of 35, with a trading volume of $187.475M in the last 24 hours. While the market decreased by 1.03%, the overall outlook remains bullish due to these positive indicators.
Technical Levels
- Support levels– $3.00 and $4.70
- Resistance levels– $7.50 and $9.40
Disclaimer
The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.