Strictly looking macro time frames we can see APT is setup for another bullish swing to retest 100% Fibonacci near $14.90
Super Trend still flashing bearish red signals but this looks to be reverting soon as price ticks up closer to a 200MA convergence.
Breakout above $5.24 pivot: APT closed above the 23.6% Fibonacci retracement ($4.99), turning it into support.
Bullish indicators: MACD histogram at +0.076 (strongest since July 12) and RSI14 at 65.43 (neutral-bullish).
Liquidation clusters: A push above $5.60 could trigger $4.2M in short liquidations (next key resistance at $5.80 Fibonacci extension).
Supporting factors : Hyperion’s RION tokenomics, The Aptos-based decentralized mapping project unveiled its token distribution (30% liquidity incentives), driving speculation about airdrop farming.
Shelby network growth: Aptos Labs’ partnership with Jump Crypto for decentralized storage saw $1.3B in stablecoin inflows and record DEX volumes ($5B/month).
Conclusion: APT’s rally reflects a blend of macro tailwinds, technical momentum, and ecosystem developments – though its 79.78 RSI7 suggests overheating risks.
Super Trend still flashing bearish red signals but this looks to be reverting soon as price ticks up closer to a 200MA convergence.
Breakout above $5.24 pivot: APT closed above the 23.6% Fibonacci retracement ($4.99), turning it into support.
Bullish indicators: MACD histogram at +0.076 (strongest since July 12) and RSI14 at 65.43 (neutral-bullish).
Liquidation clusters: A push above $5.60 could trigger $4.2M in short liquidations (next key resistance at $5.80 Fibonacci extension).
Supporting factors : Hyperion’s RION tokenomics, The Aptos-based decentralized mapping project unveiled its token distribution (30% liquidity incentives), driving speculation about airdrop farming.
Shelby network growth: Aptos Labs’ partnership with Jump Crypto for decentralized storage saw $1.3B in stablecoin inflows and record DEX volumes ($5B/month).
Conclusion: APT’s rally reflects a blend of macro tailwinds, technical momentum, and ecosystem developments – though its 79.78 RSI7 suggests overheating risks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.