• Aptos price is up 98% in two weeks after hitting rock bottom at $3.062.
• Over the last 24 hours, APT’s value increased by 22%, propelling its weekly gains to 72%.
• Bulls are confident that Aptos price will carry on with the uptrend in the coming days and weeks.
The cryptocurrency market is full of surprises and Aptos is no different. The Layer-1 protocol powering Web3 applications has been performing exceptionally well since late December, with its value increasing by an impressive 120%. In the past two weeks alone, Aptos has managed to climb from an all-time low of $3.062 to $6.73 – a staggering 98% increase. This is no doubt due to its recent launch in October last year, which caused a surge in its price and pushed it as high as $13.73.
However, investors started to cash out soon after, causing a significant drop in its value. The declines were virtually unstoppable and intensified in mid-December amid a widespread crypto sell-off. Now, the bulls are back in full force and Aptos price has increased by 22% over the last 24 hours, propelling its weekly gains to 72%. Traders are confident that the uptrend will continue in the coming days and weeks.
The eight-hour time frame chart reveals that the 50-day Exponential Moving Average (EMA) (in red) is currently holding the ground at $4.51, while the 100-day EMA (in blue) sits at $4.39. The longer-term 200-day EMA (in purple) is in line to provide support to APT at $4.95. The biggest task for the bulls is to push past resistance at $7.00 and possibly reach its all-time high of $13.73, setting yet another record.
As the world of cryptocurrency continues to expand and evolve, it’s no surprise that Aptos is making waves. With its powerful Layer-1 protocol and the potential to become a ‘Solana Killer’, Aptos is certainly one to watch in the market. Investors should keep an eye on its price movement and take advantage of the current bullish trend.