Rally

bullish

Value

Aptos

Rise

<p><a href="https://www.thecoinrepublic.com/price-prediction/aptos/">Aptos</a>, a Layer-1 blockchain platform, has shown a channel breakout and teases for an up move. Amid the choppy market movements, Aptos (APT) price succeeded in moving out of the channel, representing bullish observations.</p> 
<p><strong>Aptos</strong>&nbsp;has recovered nicely from the recent dip. It has now been footing a bullish move after mounting new support above the $6 mark mid-week.</p> 
<p>Starting with a positive note this month, the Aptos price has surged more than 50% and conveyed buyer dominance. Still, the&nbsp;<strong>APT token</strong>‘s bullish leg may stretch further and can proceed toward the $8 mark in the coming sessions.</p> 
<p>Even though the bulls managed to register a breakout last week, bulls must close above the $7 mark to confirm a major shift.</p> 
<p>APT bears are currently off the market. The token was been well placed above the key moving averages. APT depicted fresh higher high swings in the last few weeks.</p> 
<h2 class="wp-block-heading" id="h-how-is-aptos-price-currently-doing"><strong>How Is Aptos Price Currently Doing?</strong></h2> 
<p>Aptos traded at $6.95, declining over 1.90% in the past 24 hours. APT trading volume surged by over 78%.</p> 
<p>It was ranked in the 28th position with a market cap of $3.37 Billion. Additionally, it has a volume-to-market cap ratio of 0.0592.</p> 
<h2 class="wp-block-heading" id="h-aptos-looks-bullish-price-action-outlook"><strong>Aptos Looks Bullish: Price Action Outlook</strong></h2> 
<p><strong>Aptos</strong>&nbsp;price 1-day chart reflected a bullish structure. Accompanied by significant buyer accumulation and higher high series. Aptos price escaped the seller’s control and noted bullish cues.</p> 
<p>Looking ahead, an inclining trend continued the pullback in the short-term guides that the token anticipated to trigger a rally. The increasing bullish influence hints that the token can deliver a massive outperformance above the $7.20 mark.</p> 
<p>Aptos’s increased volatility with a rise in volume participation showed that investors are watching it. They have been looking for a fresh upward movement past the 100-day EMA to make fresh positions ahead.</p> <iframe loading="lazy" title="Santiment Chart: Price (APT), Volume (APT)" width="800" height="425" src="https://embed.santiment.net/chart?ps=aptos&amp;pt=APT&amp;df=2024-02-28T18%3A29%3A59.672Z&amp;dt=2024-08-28T18%3A29%3A59.672Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p>The RSI line stayed close to 60, noting that the upward momentum was strengthening. The OBV has formed higher lows throughout August, indicating a lack of firm selling pressure.</p> 
<p>CryptoWZRD, in his recent tweet, said that&nbsp;<strong>APT</strong>&nbsp;has escaped a wedge pattern and can fly toward the $8 mark shortly.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> THE WEDGE HAS BROKEN <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"> The falling wedge broke out and <a href="https://twitter.com/search?q=%24APT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$APT</a> is on course to $8.00 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Above that a huge rally triggers <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>I’m positioned, and ready to DCA further on a retest <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4aa-1f3fb.png" alt="💪🏻" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/13gj1U5sPw">https://t.co/13gj1U5sPw</a> <a href="https://t.co/TfvDXbMPJT">pic.twitter.com/TfvDXbMPJT</a></p>— CRYPTOWZRD (@cryptoWZRD_) <a href="https://twitter.com/cryptoWZRD_/status/1828508327514382393?ref_src=twsrc%5Etfw">August 27, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<p>The 61.8% Fib retracement zone was retested by bulls but failed to be violated. A daily close above $7.20 would confirm the next bullish leg ahead. Moving past the $7.20 mark would rally toward the $8, followed by the $9 mark or potentially higher.</p> 
<h2 class="wp-block-heading" id="h-total-value-locked-tvl-on-the-rise"><strong>Total Value Locked (TVL) On The Rise</strong></h2> 
<p>Followed by the price increase, the rising TVL implied that its investors had gained confidence. It was noted at $417.34 Million, conveying sustained ecosystem growth.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="278" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/TVL-Data-Source_-DeFiLlama-1024x278.png" alt="TVL Data&nbsp; | Source: DeFiLlama" class="wp-image-686236" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/TVL-Data-Source_-DeFiLlama-1024x278.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/TVL-Data-Source_-DeFiLlama-300x81.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/TVL-Data-Source_-DeFiLlama-768x209.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/TVL-Data-Source_-DeFiLlama-1536x417.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/TVL-Data-Source_-DeFiLlama-150x41.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/TVL-Data-Source_-DeFiLlama-696x189.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/TVL-Data-Source_-DeFiLlama-1068x290.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/TVL-Data-Source_-DeFiLlama-1920x521.png 1920w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/TVL-Data-Source_-DeFiLlama.png 2000w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   TVL Data&nbsp; | Source: DeFiLlama
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</div> 
<p>If&nbsp;<strong>APT</strong>&nbsp;continues the bullish spell, it may revisit the resistance mark of $7.20. A new resistance may unlock close to the $8 mark. However, if any selloff happens, the immediate support zone is placed around the $6 mark, followed by $5.70.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/08/29/aptos-apt-price-flashing-bullish-signals-rally-above-8-next/">Aptos (APT) Price Flashing Bullish Signals: Rally Above $8 Next?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Aptos (APT) Price Flashing Bullish Signals: Rally Above $8 Next?

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