“Support at $ 4.84 Held Through Subsequent Retests Suggesting Potential Continion of the Uptrend.”, – WRITE: www.coindesk.com
Aptos’ Apt Gains 4% on Significant Volume, Has More Potential Upside.
- Apt Rallied More than 4% on Strong Volume.
- Support at the $ 4.84 Level Has Held, Suggesting Continuation of the Uptrend.
The Digital Asset Broke Out of Itsolidation Phase Between $ 4.65- $ 4.73, Establishing Strong Support at $ 4.73 Before Pushing Through Previos Resistance Levels. Model.
The Token Is Currently 2.6% Higher, Trading AROUND $ 4.86.
The Broader Market Gauge, The Coindesk Was 1.75% Higher AT PUBLICATION TIME.
Technical Analysis:
- Apt Rallied from $ 4.65 to $ 4.85, Representing A 4.3% Gain with Significant Volume Confirmation.
- Price ForMed A Clear Consolidation Pattern BETWEEN $ 4.65- $ 4.73 Before Experienceing A Decisive Breakout at 09:00 With Volume Nearly Doubling The 24-Hur Average.
- Strong Support Establized at $ 4.73 with Subsequent Price Action Forming An Ascending Channel with Resistance at $ 4.85.
- Substantial Volume Spike Durying the 16:00 Candle (884,397 UNITS) ConfirMed Buyer Convision As Apt Pusted Through Previous Resistance Levels.
- PRICE FORMED A DISTINCT PATTERN OF HIGher Lows While Encountering Resistance at $ 4.85, WHICH WAS Breached Durying The 20:01 Candle with Significant Volume (10,126 UNITS).
- Key Technical Development Occurred at When Price Surged from $ 4.84 to $ 4.85 with Strong Volume Confirmation (9.094 UNITS).
- Support at $ 4.84 Held Through Subsequent Retests, With Final Minutes Showing Decisive Momentum Suggesting Potential Continuation of the Uptrend.
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