Issued on: 05th July’23
Valid upto: 11th July’23
Token: APT
Category: Layer-1 Blockchain
Market Cap: $2 Billion
Circulating Supply: 209,324,369
Total Supply: 1,042,976,545
Price Update:
APT price at the time of writing (05th July, 12:20) is $7.77, with a 24-hour trading volume decreased by 7.43% to $223 million. APT price is down by 4.35% in the last 24 hours according to coinmarketcap.com.
Source: TradingView
Analyzing the above chart:
- APT has experienced a breakout above a descending trendline with a notable increase in trading volume on the 4-hour chart. The token is currently undergoing a retest of that level, suggesting a potentially bullish trend.
- APT has successfully surpassed the resistance level at $7.462 and is now progressing towards the next resistance level, approximately around $8.5300. The token is showing strength and potential to touch this upcoming resistance level.
- A Long Trading strategy can be assessed between $7.5678-$7.8090 with an invalidation below $7.2863
- On the upside, one can see a rise of 15-20% toward $8.5325 & $9.1817
- It would seem that one should maintain a balanced risk-to-reward ratio and check the use of leverage and position size to ride out current market conditions.
Note: APT is now available in the futures market in both Go and Pro apps with up to 15x leverage.
Trade APT in Futures Market at CoinDCX
LAST TWO WEEKS’ ANALYSIS SUMMARY:
Return % is calculated based on pricing data as available on the platform and is valid for 15 days from the date of publishing.
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