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APT

Aug 19 and week's overview.Overview: The weekend passed without significant CRYPTOCAP:BTC price movement, holding the daily level at $58.2k. On Monday, bulls rallied, managing to push the price up to $58.4k, signaling a potentially bullish week ahead. This renewed buying interest could be attributed to the VANTAGE:SP500 closing with a strong +1% gain, reminding traders of the generally positive performance of stocks in August, though caution is warranted as September and October tend to be more turbulent. CRYPTOCAP:BTC has bounced off the $58.2k level roughly five times in the last eight days. This marks the second correction week after BTC’s 30% crash, with a 23% recovery so far, suggesting a possible rally towards the next weekly level of $63k. Trading within this midrange is risky, as the price could move in either direction. Tight stop-losses (1-1.5%) and modest take-profits (3-3.5%) are advisable. Global Liquidity: Growing, which is bullish. Open Interest: Declining, but Monday saw increased capital commitment, indicating short-term bullishness. Last week ended with a small-bodied red candle, which is neutral to bearish. A similar pattern was seen in late May 2021, where a brief 18% rally was followed by a 30% decline. Weekly: Range trading with no divergence. Daily: Monday approached the BB MA, and early Tuesday broke above it, trending upward with a potential 3.7% gain. The current candle is still forming, so it's unclear if this is a genuine breakout or a false move. 4h: No significant changes or divergences. 1h: Increasing volume suggests the current upward trend is strengthening, though the RSI is in overbought territory above 70. If the RSI forms a double top near $63.1, it could be a shorting opportunity. Alts Relative to BTC: While BTC has broken above the BB MA, altcoins have only cautiously approached it. Retail traders seem to have caught on to Grayscale’s announcement of new trusts for NYSE:SUI and GETTEX:TAO , with GETTEX:TAO up 17% in the last four days, as we anticipated in our August 11th analysis. Bull Case: BTC continues to rally towards $62-63k, completing the recovery from the recent crash. Bear Case: Swing traders may turn bearish and start selling off. Fear and Greed Index: Rising, currently at 46.14 since August 16th. Prediction: BTC is likely to rally to $63k, with altcoins like NYSE:SUI , AMEX:NEAR , AMEX:APT , NYSE:AR , and GETTEX:TAO potentially gaining 7-10%. Opportunities: AMEX:NEAR : Approaching its weekly resistance at $4.38, offering a potential 6.45% gain. UPCOM:FTM : Has reached its weekly resistance at $0.4. Also, do you remember DeFi? ASX:MKR and BME:UNI , which are trading at pre-BTC ETF demand levels despite their strong fundamentals. They are actually earning hard cold cash, proving a use case for crypto: In July ASX:MKR earned fees: $19.7m, revenue of $7.54m; Aave fees $29.4m, revenue of $4.78m; and Uni collecting $47.7m in fees with no revenue provided. Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital
Tether to Launch USDT on Aptos: $APT Price Surges 3% TodayIn a significant development for both Tether and the broader cryptocurrency market, Tether Operations Limited announced plans to launch its U.S. dollar-pegged stablecoin, USDT, on the Aptos Network ( AMEX:APT ). This move marks a strategic expansion for Tether, aimed at leveraging Aptos' cutting-edge blockchain technology, which is renowned for its unmatched speed, scalability, and low transaction costs. Following the announcement, the price of Aptos' native token, AMEX:APT , surged by 3%, signaling strong market approval of the integration. The Strategic Expansion of Tether Tether, the largest stablecoin issuer in the digital assets industry, is consistently expanding its footprint across various blockchain networks. The decision to launch USDT on Aptos is part of a broader strategy to enhance the accessibility and utility of digital currencies globally. Aptos, known for its innovative blockchain infrastructure, has demonstrated significant growth in 2024, making it a prime candidate for Tether’s expansion efforts. Paolo Ardoino, CEO of Tether, expressed enthusiasm about the integration, stating, “Aptos’ innovative technology offers a solid platform for facilitating faster and more cost-effective transactions with USD₮. This collaboration underscores our ongoing efforts to lead with innovation and support our users with stable, reliable financial tools.” The Aptos network ( AMEX:APT ), which has seen its average daily active users grow from 96,000 in January to 170,000 by July 2024, is well-positioned to benefit from the introduction of USDT. The network’s ability to process massive transaction volumes efficiently, coupled with extremely low gas fees, makes it an attractive platform for both developers and users. The integration is expected to enhance the appeal of the Aptos ecosystem, particularly for those seeking reliable and cost-effective financial tools. APT Price Surge and Market Reactions Following Tether’s announcement, AMEX:APT , the native token of the Aptos network, saw a 3% increase, hitting a high of $6 before facing resistance at this psychological level. The token’s trading volume also spiked by 51% within 24 hours, indicating a surge in interest from traders and investors. This price action reflects the market’s optimism about the potential impact of USDT’s integration on Aptos’ overall ecosystem. Industry analysts have noted that the successful integration of USDT could serve as a catalyst for further growth within the Aptos network ( AMEX:APT ). With the total value locked (TVL) in Aptos reaching nearly $400 million, there is speculation that APT’s price could climb even higher, particularly if it breaks through the $6 resistance level. Some traders are drawing parallels with Toncoin, which experienced a significant price rally following its integration with USDT. Implications for the Future of Aptos and Tether The collaboration between Tether and Aptos represents a significant milestone for both entities. For Tether, the expansion onto Aptos allows it to tap into a rapidly growing blockchain network with a strong developer community and robust technical capabilities. For Aptos, the integration of USDT adds a layer of stability and reliability, making the platform more attractive for a wider range of use cases, from microtransactions to large-scale enterprise operations. Mo Shaikh, CEO of Aptos Labs, highlighted the importance of the collaboration, stating, “This collaboration will leverage Aptos’ capability to process massive volumes and rapidly grow its user base. As a member of the Aptos community, I’m looking forward to seeing builders across Aptos’ hefty ecosystem combine strengths with Tether and leverage Move on Aptos to push the boundaries of what blockchain technology can achieve for users globally.” In conclusion, the launch of USDT on Aptos ( AMEX:APT ) is more than just another integration; it is a strategic move that could reshape the dynamics of both platforms. With the potential to drive significant growth and innovation within the Aptos ecosystem, all eyes will be on how this collaboration unfolds in the coming months.
COINBASE:APTUSDLong
by DEXWireNews
3
Aug 17Overview: The cryptocurrency market is currently in a cautious phase. Weekends typically see minimal price swings, though Sunday evenings can bring volatility. Declining open interest suggests a lack of confidence, with traders closing positions and exiting the market. The August 5th liquidations also pushed remaining traders to leave, further reducing market participation. This environment points to continued consolidation, with potential for volatility as the weekend ends. Looking back at BTC’s weekend price action, similar patterns emerge: a crash, a small rebound, approaching the Bollinger Bands moving average (BB MA), and then continued decline. Bearish scenarios include January 15-16, 2022; June 5-6, 2022; and more recently, June 29-30, 2024. A bullish argument is found in May 11-12, 2024, when Saturday and Sunday marked the end of the first bull wave and the start of the second in 2024. However, that was 33 days after the downturn began, while we are currently at day 20. This past week may have been the calm before the storm. Alts Relative to BTC: No divergences. Bull Case: Everyone who wanted to sell has likely sold. Now we wait for an event to trigger a buying spree that could draw a 4th wave on the CRYPTOCAP:BTC chart. Bear Case: No bulls come to the rescue, and the market drops further. Fear and Greed Index: 44.9, rising over the last two days, but given the weekend, it may not carry much weight. W: Range trading, no divergences. D: Reached BB MA and is touching it at $59.9k. 4h: Approached $60.2k for the second time but couldn’t break that daily level. We’re also at the top of the Bollinger Bands range, which is relevant for those trading sideways movements. No divergence. 1h: No divergences, but there’s a bullish inverted head and shoulders pattern. Prediction: Most likely move down significantly, or range trade, then decline. Opportunities: CRYPTOCAP:SOL : Attempting to break the weekly resistance level. NYSE:SUI : Bounced from support and is now trending upward. NYSE:AR and CRYPTOCAP_OLD:RNDR : Sitting on the weekly level; their next move will be quick, so choose your side. Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital
5
Aug 16Overview: The TradFi week is over, and the VANTAGE:SP500 is now just 1.86% away from its all-time high, nearly recovering from the impact of Japan's rate increase. However, CRYPTOCAP:BTC hasn't experienced the same positive price action. It seems big money is feeling more confident in U.S. blue chips than in speculative assets like Bitcoin. So, who will push BTC to $100k? Maybe not this time. Last week, we saw a crash followed by a recovery, but this week the market remained stagnant. It seems to have found a range between $55.9k and $63.1k and might bounce within this range a few more times. Alts Relative to BTC: On August 16th, CRYPTOCAP:BTC grew by 1.70%, but CRYPTOCAP:ETH only by 0.83%, while CRYPTOCAP:SOL dropped by 2.45%, AMEX:NEAR by 1.32%, AMEX:APT by 5.10%, and UPCOM:FTM by 4.59%. As of now, CRYPTOCAP:BTC has continued to grow, but alts haven't recovered at all. It appears that both whales and retail investors (but mostly whales) don't have much faith in an altcoin summer, which also puts CRYPTOCAP:BTC on shaky ground. Bull Case: We're still trading within a range and haven't touched the $63.1k resistance for a second time. The VANTAGE:SP500 continues to grow along with the economy, with expectations of four rate cuts ahead. Bear Case: But with September approaching, some big players will re-enter the market. Historically, September has often seen more stock market declines than gains. Fear and Greed Index: 43.62, slightly higher. W: Range trading. D: Neutral, no divergences. 4h: Even though we've recovered to the highs of August 15th, volume is weak, and we haven't broken through $59.7k. 1h: Divergence. We've hit this resistance for the third time. Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital
Aug 15Overview: Lord Jerome reported 227,000 jobless claims, slightly below the expected 234,000. Additionally, almost all other macroeconomic data points to a growing and improving economy. July U.S. retail sales were three times higher than anticipated, coming in at 1% versus the expected 0.3%, suggesting strengthening consumer confidence, which has risen above 0.7% for the first time since January 2023. Auto sales are also up. Are these newly unemployed Americans spending their savings? Unemployment has been rising since January 2023 and now sits at 4.3%. The chances of a recession are decreasing, and CRYPTOCAP:BTC is rising. Interest rate cuts are a tool for quantitative easing, typically applied when the economy isn’t growing and needs an injection of liquidity (M2 money supply). But if the economy is healthy, with spending on the rise and government spending contributing to GDP growth, rate cuts might not be the solution. Now, think critically—if everything is relatively good (maybe not great yet), the economy is somewhat healthy, and the S&P 500 has been rallying since October 2023—why would you sharply cut rates? Perhaps two or three cuts by the end of the year, reducing rates by a total of 0.75%, at most. For those expecting such a small rate change (a 13% decrease by the end of the year) to have a significant impact, they might be in for a rude awakening. Alts Relative to BTC: If CRYPTOCAP:BTC dropped by 1.92%, CRYPTOCAP:ETH declined by 3.34%. No significant divergence, except for NYSE:AR , which posted a thin green candle. Bull Case: All bears die. Bear Case: All bears don’t perish but remain very much alive. Fear and Greed Index: Lower, at 40.61%. Dangerously close to Fear territory. W: Forming another lone star/abandoned child-type candle. Where do you want to go next, Mr. Bear Market? D: August 15th ended in red, closing below the daily level of $58.2k. Bearish. On the 14th, we touched the BB MA and are now heading toward $52.2k. 4h: No new divergences—just the old ones still playing out. On both August 14th at 8 a.m. and the 15th at noon, U.S. bears woke up and decided, “Nah, crypto ain’t sh*t.” Red candles followed. The last four green candles showed diminishing volume, not reaching the BB MA. Leave a comment if you know what that means—unless you’re a whale, in which case, just do your thing. 1h: No divergences. The sell-off ended at 4:00 p.m. U.S. time, almost touching the freshly established weekly level of $55.9k set at the beginning of July. Prediction: In the next two weeks, the bottom falls out. When September arrives, big whales will return from vacation and send the market crashing down, with rate cuts providing little relief. Opportunities: CRYPTOCAP:SOL : Still at weekly resistance level. But keep in mind, it approached this level from the top, not the bottom. Although it has garnered a lot of attention this bull market, it doesn’t follow normal technical analysis rules. AMEX:APT : As noted yesterday, starting at midnight, it began its descent, printing a nice -6.24%. Did you catch that? Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital
1
APT Technical Analysis in a 3-Day TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: APT is in a downtrend with strong support at the $4.4 trendline. The price is currently facing resistance at the 21 EMA, and if it closes above this level, we can expect a bullish rally toward $15-$18. If APT faces rejection, the $4.4 support level should still hold the price. The RSI has formed a bullish divergence and is acting accordingly. Key levels: - Primary Resistance: $6.8 - Support: $4.4 - Target: $15-$18 DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
#Aptos #APT price will repeat the #SUI maneuver?Today, we are talking about #Aptos, which is the counterpart to #Sui which we analyzed yesterday Both projects are followers of the #Diem project from #META, which regulators did not allow making a breakthrough in the crypto world a few years ago. While OKX:SUIUSDT price has already reached a powerful mirror zone yesterday, OKX:APTUSDT seems to have everything ahead of it. When #APT price will be $7.50-8, you may wonder whether it is worth keeping the coin in your crypto portfolio. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
This Aptos Setup Could Trigger a Massive Move – Are You Ready?Yello! Is #Aptos ( AMEX:APT ) gearing up for a breakout, or are we staring at a looming drop? Let's look at the latest analysis of APTUSDT: 💎The current setup has APT compressed within a classic falling wedge pattern—a well-known bullish reversal signal. But why do we believe a breakout might be imminent? The signs are clear: increasing trading volume and a favorable shift in macro market sentiment. 💎Yet, trading isn't just about expectations—it's about preparation. So, what's our Plan B? If Aptos faces rejection at the upper trend line of the wedge, we could see a retest of the critical support zone around $4.87-$5.31. This level has consistently acted as a safety net, rich in liquidity and offering solid support. 💎But what if APT fails to bounce back from this zone? The next level we’re watching is $4.31. Historically, this has been a stronghold for Aptos, with a high probability of a rebound. 💎However, the stakes are high. If Aptos breaks below these key support levels, we might see the bears seize control, leading to a potential bearish continuation. Stay focused, patient, disciplined, and always keep your eyes on the prize MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
4
APT - Third bounce from the support, another opportunity ?BINANCE:APTUSDT (1W CHART) Technical Analysis Update ATP is currently trading at $7.00 and price has hit the support for the third time, in the past two times whenever price hit the support line it bounced back immediately while giving a decent return on the long trades. I'm expecting similar behaviour this time. Currently price is around the support zone which is giving us a good opportunity to enter the trade early, if the price drop again, we can do DCA. Entry level: $ 6.0-7.0 Stop Loss Level: $ 4.29 TakeProfit 1: $ 8.06 TakeProfit 2: $ 10.05 TakeProfit 3: $ 12.18 TakeProfit 4: $ 15.21 TakeProfit 5: $ 19.40 Target for Spot Entry: 30 Max Leverage: 2x Position Size: 1% of capital Remember to set your stop loss. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
Aptos (APT) Coiling Up for Potential Breakout! ($APT)Aptos (APT) is consolidating in a key zone! A break below could signal a return to bearish territory, but bulls are likely to defend this level. Price is currently bullish on the 4-hour chart with higher highs and a reclaim of support. The last support reclaim with the 50-day MA led to a 110% rally! Daily & Weekly RSI resets suggest a potential price bottom. Wait for a confirmed trend break with a higher low on support before entering. Consider entry: $9-$9.60 Take Profit: $12, $16, $24 (progressively) Stop Loss: $8 #Aptos #Crypto #TechnicalAnalysis #BreakoutZone #Support
Long
by Richtv_official