- The APT crypto price has traded in green for 13 days during the last 30 days.
- The sentiment of the crypto is bullish, according to a trusted source.
Aptos (APT) is a scalable layer 1 blockchain using the Move programming language. Developed by Aptos Labs, founded by Mo Shaikh and Avery Ching in 2021, APT is used for network fees, validator staking, and governance. Key features include Move, parallel processing, and AptosBFT consensus for enhanced efficiency.
The volume/market cap ratio of the Aptos crypto is 4.37%, which shows a good amount of liquidity in the crypto price. It also shows the amount of the crypto’s overall market cap traded in a specific timeframe.
Aptos is the 27th largest cryptocurrency in the global cryptocurrency market, as per CoinMarketCap. Also, the market cap dominance of crypto is 0.14%, which shows an outstanding presence of the market cap.
The price volatility of the crypto further is medium, resulting in 4.62%, while the supply inflation of the crypto is very high, resulting in 117.56%. The fear and greed index of the crypto further is at 72, showing that investors are greedy in the market.
Aptos Crypto Blockchain Data Overview
The Total Value Locked for the Aptos crypto is worth $374.67M, followed by a stablecoins market cap of $111.94M. Also, the total raised amount for the crypto is worth $350.0M.
If we look at DefiLlama’s chart, a strong surge in the TVL of the Aptos can be seen while the price of the token is advancing with a lower intensity. Despite this, there has been an advance of 212% in the crypto’s revenue in the last 30 days.
A surge in active users can also be witnessed, followed by an advance of 457% in the last week as per the Token terminal. It shows that a larger number of users are engaging in and using the Aptos environment. It might also result in further updates in the crypto blockchain.
APT Crypto Technical Analysis
The price of the APT crypto is trading in a strong downtrend as the price of the crypto has declined by 55% from the swing high of $19.48.
Looking at the most recent chart of the APT crypto, it can be clearly seen that the price of the crypto is trading inside a falling wedge pattern. If the crypto price further breaks above the wedge pattern with good volume, a change in the bullish trend might be seen in the crypto.
APT/USD Chart by TradingView
The indicators further support a decline in the price as it has declined below the 50-day and 200-day EMAs. The price has declined further below the EMAs.
The MACD and the signal line further overlap, indicating uncertainty in the crypto price. It shows uncertainty in the APT crypto trend.
The RSI has declined below the 50 level, and the 14-day SMA is showing weakness in the momentum of the crypto’s price.
Summary
Aptos (APT) shows mixed signals. Despite trading in the green for 13 days recently and having a bullish sentiment, it is in a solid downtrend, down 55% from its swing high.
Technical indicators show uncertainty, with the price below the 50-day and 200-day EMAs and a falling wedge pattern indicating potential trend change.
If the price of the APT crypto continues to witness profit booking, it might take a pause at the levels of $6.30 and $7.70, followed by the resistance levels of $14.50 and $19.50.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
