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After today’s 8% rally, will APTOS reach the $5 resistance level?

APT is up by more than 7% today and could rally toward the $5 resistance level in the near term. APT, the native coin of the Aptos blockchain, is up by more than 7% in the last 24 hours. Despite the wider crypto market’s underperformance, this rally is still impressive. There is no catalyst for…


APT is up by more than 7% today and could rally toward the $5 resistance level in the near term.

APT, the native coin of the Aptos blockchain, is up by more than 7% in the last 24 hours. Despite the wider crypto market’s underperformance, this rally is still impressive.

There is no catalyst for Aptos’s positive performance. Aptos has risen by 9% over the past seven days, despite the bearish trend on the wider cryptocurrency market.

Its positive performance is due to the fact that the wider crypto market is underperforming. The total crypto market cap has dropped below $830 billion and now stands at $824 billion, down by 1.7% today.

Bitcoin is down by more than 1% in the last 24 hours and is currently trading at around $16,500 per coin. Ether, the second-largest cryptocurrency by market cap, has lost 3% of its value today and risks dropping below $1,100 before the end of the day.

Key levels to watch

The APT/USD 4-hour chart looks positive as Aptos has been doing well in the past few days. Technical indicators indicate that APT outperforms the wider crypto market.

The MACD line crossed into the positive zone. This indicates that bullish momentum has returned. The 14-day RSI of 56 shows that APT is no longer in the oversold region.

As of press time, APT trades at $4. 65 per coin. If the bullish trend continues APT could surpass the first major resistance level of $5. 03 before the end of the day.

However, it would need the support of the broader crypto market if it intends to surpass the second major resistance level at $5.53.

The bears still control the market and APT could drop to $3. 93 support level in the near term.

Where to buy Aptos now

Binance.US

Binance.US provides secure and reliable access to the world’s most popular cryptocurrencies, with some of the lowest fees in the industry.


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