CandleFocus

Aptos price chart pattern points to a 42% jump

Author: Content Editor
Aptos, a Layer-2 network, has seen a significant rally in the past four months, with technical indicators suggesting a potential 120% increase. The recovery coincided with Bitcoin and other altcoins bouncing back, with Bitcoin establishing a strong floor price of $100,000. Aptos has also experienced growing developer interest, with its total value locked in the decentralized finance industry surging to over $1.245 billion. The project is gaining market share in the decentralized exchange industry and has accumulated $321 million in stablecoins. Crypto analysts believe that Aptos has room for further growth, with comparisons being made to Sui, which has grown into a $13.8 billion coin. The price chart for Aptos shows a strong rally since hitting a low in August, with the formation of a bullish "cup and handle" pattern suggesting further price increases.

Related News