PT is up more than 7% today and may rise in the coming future toward the $5 resistance level.
The Aptos blockchain’s native token, APT, has increased by more than 7% during the past 24 hours. The rise occurs despite yet another underperformance by the overall crypto market.
The continuous success of Aptos is not the result of any trigger. Despite the general cryptocurrency market’s downward tendency, Aptos has increased by 9% during the past week.
Its strong performance coincides with a weaker overall performance of the cryptocurrency market. The entire market capitalization of all cryptocurrencies is presently $824 billion, down 1.7% from its previous high of $830 billion.
Bitcoin is currently trading at about $16,500 per coin, down more than 1% over the past day. The second-largest cryptocurrency by market cap, Ether, has lost 3% of its value today and faces a potential day-end decline below $1,100.
levels to watch
The APT/USD 4-hour chart is favourable because Aptos has had a successful recent run. APT is performing better than the whole crypto market, according to the technical indicators.
The bullish momentum is resuming as the MACD line has entered the positive territory. APT is no longer in the oversold area, as evidenced by the 14-day RSI of 56.
APT is trading at $4.65 per coin at of this writing. APT may surpass the first significant resistance mark at $5.03 before the day’s end if the bullish trend holds.
However, if it wants to surpass the second key resistance level at $5.53, it will require the backing of the whole crypto market.
As long as the bears continue to dominate the market as a whole, APT may decline in the near term toward the $3.93 support level.