Aptos' APT Rises 7% as Bulls Take Control
Main Idea
Aptos' APT token rose 7% as bullish momentum took control, with support forming in the $4.61-$4.66 zone and resistance at $4.72, amid a broader crypto market rally.
Key Points
1. APT gained 7% in 24 hours, rising from $4.34 to $4.62, with heavy trading volume.
2. Support was established at $4.61-$4.66, while resistance emerged at $4.72.
3. The broader crypto market also rose, with the CoinDesk 20 index up 3.2%.
4. Aptos surpassed Solana and Stellar in real-world asset (RWA) tokenization, ranking third globally with over $719 million in RWA.
5. Technical indicators suggest continued upward pressure toward $4.80-$4.90 Fibonacci levels.
Description
Aptos' APT registered a 7% surge during the last 24 hours, advancing from $4.34 to $4.62, according to CoinDesk Research's technical analysis model. The model showed that Aptos demonstrated considerable bullish momentum throughout the preceding 24-hour period. The most significant price action materialised during the nocturnal hours extending into the early morning of August 8, wherein exceptional volume surges exceeding 12.9 million units propelled the asset through successive resistance levels...
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