The post APTOS (APT) Initiated a Pause Near 20 Day EMA, Rally Incoming? appeared on BitcoinEthereumNews.com.

Aptos (APT) APT price delivered a trend reversal and is heading towards the swing of $8.00. Moreover, the price action indicates a bullish action after a long time, and investors are trying to regain the shine. Furthermore, the chart shows the rising wedge breakout, the APT token has surpassed the significant moving averages, and the long buildup activity in the recent sessions. However, the buyers have failed to reach the barrier of $8.00 and showed rejection in the last trading sessions. APT token corrected and flipped from the support zone of $4.90. The token surged over 40% this month,highlighting buying interest. Aptos Labs launched Identity Connect Service, which reacted positively and gained pace. Afterwards, buyers continued to put in efforts and broke out above the barrier of $7.00. The live price of the APT token is $7.036, with an intraday gain of 1.60%, showing neutrality on the charts. Moreover, the trading volume increased by 9.35% to $336.50 Million, and the pair of APT/BTC is at 0.0000522 BTC. However, the market cap of APT is $1.18 Billion. Analysts have maintained a neutral rating and suggest a growth outlook for the upcoming sessions. Will APT Reach $10 by End of 2023? Source: APT Price Chart By TradingView On the daily chart, the APT token showcased a reversal and is forming higher highs, witnessing buying interest. Furthermore, the token has approached neutrality as the selling pressure abated. Additionally, the token bounced from the neckline post breakout and is ready to escape the swing high of $8.00. If it surpasses the $8 mark, buying momentum will rise, and the token may reach $10 soon. The RSI curve stayed in the overbought zone and formed a negative crossover, indicating a volatile chart setup. The MACD indicator shows a bearish crossover and red bars on the…

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Filed under: News - @ November 22, 2023 3:26 am