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!
APT Price Records Increased Price Action!
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.
Aptos TVL Records A New All-time High (ATH)!
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.
Will APT Price Hit $15 This Uptober?
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!
