Aptos

<ul class="news-points"> 
 <li><strong>APT may form a support at $7.85, a trader pointed out on X.</strong></li> 
 <li><strong>There has been a bullish crossover that could take APT beyond the $7.18 resistance.</strong></li> 
 <li><strong>Should buying pressure continue, APT may reverse from its slight drawdown.</strong></li> 
</ul> 
<p>A month ago, the value of <a href="https://coinedition.com/aptos-apt-surges-27-36-in-7-day-rally-eyes-7-60-price-target/">Aptos (APT)</a> flipped the $7.20 psychological area. However, the notable gains the token provided resulted in massive profit-taking from holders of the cryptocurrency. As a result, the APT price plunged and was trading at $7.03.&nbsp;</p> 
<p>Before the jump back above $7, APT fell as low as $6.48. But it was around the same point that support formed, triggering an uptick to $7.12 on November 4. While the price has now declined, crypto investor and trader Crypto Tony opined that there was no reason to fret.&nbsp;</p> 
<p>According to Tony, it could be a wise decision to open a long position for APT. However, in his post on X (formerly Twitter), he noted that there are conditions to the projected price rise.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24APT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$APT</a> / <a href="https://twitter.com/search?q=%24USD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$USD</a> – Update <br><br>I am long when we flip that resistance zone into support at $7.85. Keep an eye on this level legends <a href="https://t.co/ltwIoIyBYq" target="_blank" rel="nofollow">pic.twitter.com/ltwIoIyBYq</a></p>— Crypto Tony (@CryptoTony__) <a href="https://twitter.com/CryptoTony__/status/1720890658435518715?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 4, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-after-the-plunge-comes-the-reversal"><strong>After the Plunge, Comes the Reversal…</strong></h2>
<p>The post <a href="https://coinedition.com/why-aptos-apt-uptrend-depends-on-the-7-85-support/">Why Aptos’ (APT) Uptrend Depends on the $7.85 Support</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Why Aptos’ (APT) Uptrend Depends on the $7.85 Support

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