CandleFocus

APT Price Stuck In Consolidation: Could Increasing TVL Be The Key?

Author: Content Editor
The crypto token Aptos (APT) has been experiencing a period of consolidation, struggling to break above resistance levels. Despite this, developments in the token's ecosystem have generated optimism among investors about a potential breakout. The token has been trading within a narrow range, with mixed cues from technical indicators. However, there is a possibility of a near-term comeback as the token sits on lower trendline support. Aptos recently underwent a token unlock event without experiencing a selloff. The token's price has met resistance around $7.50 and support around $5, forming its consolidation range. Positive cues and a potential market recovery could lead to a range breakout if the token crosses the $7 mark. The token's total value locked has been rising, indicating growing interest in the project. Technical indicators suggest a potential rise in price, although there has been a liquidity exit from the market. If the APT price breaks and holds above $7, it could rise to $8 and $8.50. On the other hand, a failure to do so could result in a price decrease to $5.70 and $5.

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