Aptos Price Trend Analysis

Aptos [APT] has been on a downward trend since April, with price movements following a descending trendline since May. However, during the latest touch, the price did not drop to a lower low, indicating a potential weakening of the bearish trend. Additionally, a head and shoulders pattern has formed, a common signal for price reversals if the neckline is broken and sustained above.

Conditions for APT to Rally

For APT to confirm the $4.30 level as the floor for the current cycle, the price must break and remain above the $7.50 level. Achieving this could set the stage for a potential rise towards or beyond $10 by the end of this year or early 2025.

Aptos Adoption and TVL

Key metrics for Aptos indicate growing adoption. The Total Value Locked (TVL) in Aptos is currently $439 million, ranking it 18th overall and 6th among non-EVM chains. Despite launching its mainnet only in 2022, Aptos has quickly climbed the TVL rankings, demonstrating strong market entry.

Source: https://ambcrypto.com/aptos-to-10-heres-what-must-happen-for-apt-to-rally/

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