The cryptocurrency market has recorded a correction of 1.92% in the past 24 hours. With this, the BTC price has retested its $67k level, following which top altcoins have experienced a significant pullback in their respective valuations.
On the other hand, by defying all the odds, the Aptos price has secured the top gainer spot with a jump of ~8% in 24 hours. With this, investors are curious about its short-term price analysis and are filled with questions concerning investing in it!
Despite increased bearish sentiment in the crypto market, the Aptos price has jumped 7.97% in the past 24 hours with a trading volume of $436.62 million. Moreover, it has surged ~40% during the past month, highlighting the increasing adoption of it among investors.
The EMA 50/200-day has recorded a Golden Cross in the 1D time frame. This highlights an increase in the buying-over-selling pressure for the altcoin in the crypto market.
The Relative Strength Index (RSI) has displayed a sharp rise toward the overbought range in the 1D time frame. With a bullish convergence in its average trendline, the APT price hints at a bullish outlook.
With a Total Value Locked (TVL) of $910.69 million, the APT chain has recorded a new All-time High. Reportedly it has surged ~200% or 3Xed since its August low.
This highlights an increase in the inflow of digital assets in this chain. With this, the Aptos TVL value is now equivalent to 15.901% of its total valuation compared to 11.02% in August.
If the market favors the bulls, the Aptos price will prepare to retest its resistance level of $12.50 in the coming time. Maintaining the price above that level could set the stage for it to head toward its upper high of $15 during the upcoming weeks.
On the contrary, if the bears outrun the bulls, the APT coin price will retest its support trendline of $10. Moreover, if the bearish sentiment intensifies, this could result in it plunging toward its lower support level of $8 this year.
Wondering about the long-term price targets of this cryptocurrency? Read our Aptos (APT) Price Prediction 2024 – 2030!
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