The post Aptos aims for $10.41 as bullish momentum gathers pace appeared on BitcoinEthereumNews.com.

APT benefits from strong technical indicators that signal a potential rally as it is projected to hit the double-digit mark at $10.41.  Investor confidence remains high as evidenced by significant capital inflows, with few indicators showing upward trends. In just the past week, Aptos [APT] has climbed 17.81%, driven largely by a 13.04% rise within the daily timeframe. AMBCrypto’s analysis further supports this optimistic outlook, citing new bullish formations that confirm the asset’s strong momentum. APT trades within an ascending triangle, eyeing key resistance levels APT is currently trading within an ascending triangle, a bullish configuration known for sparking price rallies. A horizontal resistance line and a rising support line characterize this pattern. Recent price action indicates that APT has rebounded from this support line and is now approaching the resistance zone at $7.45. If buying pressure overcomes selling at this level, APT is poised to break through the resistance. Following a successful breach, the rally could extend to key price levels at $8.56, $9.74, and $10.41, where the price may stabilize. Conversely, if the broader market trends are bearish, APT could retreat to $4.32. Source: Trading View AMBCrypto has also highlighted several indicators that further suggest bullish momentum, potentially aiding APT in surpassing the resistance zone. Indicators signal strong bullish momentum At press time, APT achieved a notable technical milestone known as a golden cross, characterized by the crossing of the blue MACD lines over the orange signal lines. Furthermore, the MACD line is currently positive with a reading of 0.05. The golden cross is largely a bullish signal, indicating that APT’s price is likely to continue its upward trajectory from its current level. Additionally, the Chaikin Money Flow (CMF), which assesses both price and volume to gauge the flow of funds into or out of an asset, suggests…

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Filed under: News - @ September 21, 2024 6:02 am