Convergence

bullish

Aptos

Million

<p>The <strong><a href="https://www.thecoinrepublic.com/price-prediction/aptos/" rel="noopener noreferrer nofollow">Aptos (APT) price</a></strong> exhibited signs of recovery and surged over 38% in the last two weeks. Moreover, it reached the vital trendline hurdle of $8 and eyed a breakout.</p>
<p>It has traded inside a falling channel for the past few weeks and engaged in a downtrend. Still, the trend reversal confirmation was awaited, and the bulls were trying their best to retain the dominance.</p>
<p>Following the recovery in the crypto market, the <strong>APT price </strong>recovered from its 52-week low. Moreover, it crossed the 20-day and 50-day EMA and showed signs of a potential breakout ahead.</p>
<h2 class="wp-block-heading" id="h-aptos-price-action-update"><strong>Aptos Price Action Update</strong></h2>
<p>At press time, the <strong>Aptos </strong>price was trading at $7.27 with an intraday surge of 6.36%, reflecting accumulation on the chart. Its trading volume observed over&nbsp;</p>
<p>16% increase to $44.85 Million in the last 24 hours.</p>
<p>The APT token’s ranking was 32 in terms of market, which was $3.42 Billion at press time. Its total supply was noted at 1.11 Billion.</p>
<h2 class="wp-block-heading" id="h-aptos-gained-momentum-is-a-breakout-imminent"><strong>Aptos Gained Momentum: Is A Breakout Imminent?</strong></h2>
<p>The price action signified follow-on lower-low swings, and the token was on the edge of a <strong>trend reversal</strong>. A fresh higher high above the $8 mark would confirm the signs of reversal.</p>
<p>However, the buyers triggered the <strong>accumulation </strong>from its lower mark of $5, and the token has exhibited a significant bounce in the last two weeks.</p> <iframe title="Santiment Chart: Price (APT), Volume (APT)" width="800" height="425" src="https://embed.santiment.net/chart?ps=orca&amp;pt=ORCA&amp;df=2024-01-27T18%3A29%3A59.008Z&amp;dt=2024-07-27T18%3A29%3A59.008Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Baptos%3BAPT%5D%3B%5B1%3Bvolume_usd%3Baptos%3BAPT%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Notably, it traded near the crucial pivot of $8, aiming to breach the trendline hurdle. A breakout could be confirmed once the $8 mark is flipped into a support.</p>
<p>To such probability, signs can be seen from the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI).&nbsp;</p>
<p>The RSI measures the momentum and velocity of price fluctuations and can indicate overbought/oversold conditions in a particular market.</p>
<p>MACD, on the other hand, checks the level of conjunction and isolation between the two SMA lines to identify changes in the momentum.</p>
<p>On both of these indicators, bullish tendencies were close to observable, and a significant crossover was imminent.</p>
<h2 class="wp-block-heading" id="h-funding-rate-is-on-a-positive-note"><strong>Funding Rate is on a Positive Note</strong></h2>
<p>Since 9 July, the funding rates have remained in green, directing a sustained buying pressure.</p>
<p>If the funding rate remained positive, it implied that buyers had outpaced the bears and that the uptrend was imminent.</p>
<figure class="wp-block-image size-large"><img fetchpriority="high" decoding="async" width="1024" height="228" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-171-1024x228.png" alt="Funding Rate Data | Source: Coinglass" class="wp-image-631846" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-171-1024x228.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-171-300x67.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-171-768x171.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-171-150x33.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-171-696x155.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-171-1068x237.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-171.png 1413w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Funding Rate Data | Source: Coinglass
 </figcaption>
</figure>
<p>The token’s funding rate was noted at 0.0078%, revealing a bullish stance.</p>
<p>@CryptoJules, in his X post, said that the <strong>APT </strong>has a strong potential to outperform ahead.</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="it" dir="ltr"><a href="https://twitter.com/search?q=%24APT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$APT</a> macro potential <a href="https://t.co/F6CcBhSev0" rel="noopener noreferrer nofollow">pic.twitter.com/F6CcBhSev0</a></p>— Crypto Jules (@CryptoJules1) <a href="https://twitter.com/CryptoJules1/status/1816844902245728454?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="h-decline-in-popularity-nbsp"><strong>Decline In Popularity&nbsp;</strong></h2>
<p>Amidst the significant price recovery, the social dominance data witnessed an unfavorable move and dropped to the downside region.&nbsp;</p>
<p>It was around 0.013%, replicating the severe drop in online discussions among investors on media platforms.</p> <iframe title="Santiment Chart: Social Dominance (APT), Development Activity (APT)" width="800" height="425" src="https://embed.santiment.net/chart?ps=orca&amp;pt=ORCA&amp;df=2024-01-27T18%3A29%3A59.008Z&amp;dt=2024-07-27T18%3A29%3A59.008Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Baptos%3BAPT%5D%3B%5B1%3Bdev_activity%3Baptos%3BAPT%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Its development activity data observed a positive outlook, as the value stayed above the midline region. It pointed to a continuous development in the ecosystem.</p>
<p>If the token faced any rejection from the 100-day EMA, $7.0 and $6.20 would act as immediate support levels. However, if the token crosses the $8 mark on a closing basis, it may face the upside hurdle of $8.40, followed by $9 ahead.</p>
<h2 class="wp-block-heading" id="h-can-the-aptos-price-reach-the-10-mark"><strong>Can the Aptos Price Reach the $10 Mark?</strong></h2>
<p><strong>Aptos price </strong>climbed above the 20-day and 50-day EMAs and was poised for a significant breakout.&nbsp;</p>
<p>Once the token breaks and closes above the $8 mark, it might deliver a massive upside movement toward the $10 mark in the short term.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2024/07/29/aptos-price-showed-a-recovery-breakout-above-8-incoming/" rel="noopener noreferrer nofollow">Aptos Price Showed A Recovery: Breakout Above $8 Incoming?</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Aptos Price Showed A Recovery: Breakout Above $8 Incoming?

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