$APT Price Flashing Bullish Signals: Rally Above $8 Next? - The Coin Republic Analytics

Irma - Aug 29 - - Dev Community

Aptos (APT), a Layer-1 blockchain platform, recently broke out of a channel, signaling bullish momentum. After recovering from a dip, the price established support above $6 and surged over 50% this month, indicating buyer dominance. To confirm a major shift, bulls need to close above the $7 mark.

Currently, Aptos trades at $6.95, down 1.90% in the last 24 hours, with a significant rise in trading volume. The token's market cap is $3.37 billion, ranking it 28th. APT's price action shows bullish tendencies, with increased volume participation and a rising RSI line near 60, indicating strengthening upward momentum.

If Aptos can close above $7.20, it could rally towards $8 and beyond. The rising Total Value Locked (TVL) reflects growing investor confidence. Immediate support is around $6, with resistance at $7.20 and potential targets at $8 and $9.

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