The Aptos Aptos token has rallied more than 4% on a significant volume, with Momentum indicators suggesting more potential, according to the Technical Analysis model of Coindesk Research.
The digital assets broke out its consolidation phase between $ 4.65 and $ 4.73, establishing solid support for $ 4.73 before passing the previous resistance levels to establish a new local summit, depending on the model.
The token is currently greater than 2.6%, merchant about $ 4.86.
The wider market gauge, the Coindesk CD20 was 1.75% higher at the time of publication.
Technical analysis:
- APT joined $ 4.65 to $ 4.85, representing a gain of 4.3% with significant volume confirmation.
- The price has formed a clear consolidation model between $ 4.65 and $ 4.73 before undergoing a decisive escape at 9:00 a.m., the volume almost the average of 24 hours.
- A solid support established at $ 4.73 with a later price action forming an ascending channel with resistance at $ 4.85.
- A peak in substantial volume during the candle 16:00 (884,397 units) confirmed the condemnation of the buyer while the APT pushed through the previous resistance levels.
- The price has formed a separate diagram more than low while meeting resistance at $ 4.85, which was raped during candle 20:01 with a large volume (10,126 units).
- The key technical development occurred when the price went from $ 4.84 to $ 4.85 with a solid volume confirmation (9,094 units).
- Support for $ 4.84 was maintained through subsequent retests, the last minutes showing a decisive dynamic suggesting a potential pursuit of the upward trend.
