Rose

Aptos

Kevin

Million

Rise

<ul class="list-ic vertical">
 <li><span>1</span> <a>Aptos (APT) signifies a sharp surge in volume over 78% in the last 24 hrs.</a></li>
 <li><span>2</span> <a>Buyers are still waiting for a clear path to make fresh long positions ahead.</a></li>
</ul>
<p>Amidst the downtrend, the <strong>Aptos token</strong> delivered a sudden rise of over 11% intraday and is eyeing to breach the $10 mark.</p>
<p>Meanwhile, the <strong>Aptos token</strong> still hovers in the downside trajectory and needs to escape the range bound moves to skyrocket the gains ahead.</p>
<p>Recently, a sharp <strong>bearish wave </strong>and massive <strong>distribution </strong>from the top of $18, was noted last month, which led to a sharp correction over 45%.</p>
<p>On a positive note, the token was made a base around $7.50, until the level is not breached, fresh selloff could not be triggered. Conversely, the upside of $10.30 is the level eyeing by the bulls to cross.</p>
<p>At press time, the <strong>Aptos token (APT) price </strong>traded at $9.23 with an intraday surge of 2.10%, reflecting neutrality on the charts. It has a monthly return ratio of -10.90% and 12.30% yearly, delivering a negative outcome.</p>
<p>The pair of APT/BTC is at 0.000130 BTC, and the market cap is $1.20 Billion. Analysts are neutral and suggest that the<a href="https://www.thecoinrepublic.com/2024/04/12/aptos-crypto-price-analysis-what-next-in-the-aptos-price/" target="_blank" rel="noopener noreferrer nofollow"> <strong>Aptos price</strong></a> may continue to replicate underperformance and remain below the 100 day EMA mark.</p>
<h2 class="wp-block-heading" id="strong-buyers-vs-sellers-who-will-supreme-strong"><strong>Buyers Vs Sellers: Who Will Supreme?</strong></h2>
<p>Over the past weeks, <strong>follow on selloff </strong>was noted and sellers showed their dominance. Recently, the token remained in a narrow range and was trying for a reversal.</p>
<p>This week, signs of <strong>buyer accumulation</strong> and a fresh bullish wave was noted and the token spiked over 15%. Still, buyers need to close above the $10 mark to stretch the upmove ahead.</p> <iframe loading="lazy" title="Santiment Chart: Price (APT), Volume (APT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=aptos&amp;pt=APT&amp;df=2023-11-21T18%3A29%3A59.663Z&amp;dt=2024-05-21T18%3A29%3A59.663Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%222d%22%2C%22node%22%3A%22candle%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>Nonetheless, <strong>bullish momentum</strong> with a significant spike in trading volume is the clear indication that buyers have entered into the battle and are looking to defeat the bear army.</p>
<p>The RSI curve spiked above the midline zone and a <strong>positive divergence</strong> was noted.</p>
<h3 class="wp-block-heading" id="strong-surprising-rise-in-popularity-might-trigger-range-breakout-strong"><strong>Surprising Rise in Popularity Might Trigger Range Breakout?</strong></h3>
<p>A recent tweet shows that, Kevin Ang, developer growth lead in the Aptos Foundation, will reveal the latest trends and key data updates in the upcoming event #GMVN2024 which will be held from June 7-8.</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a1.png" alt="💡" class="wp-smiley" style="height: 1em; max-height: 1em;">Did you know <a href="https://twitter.com/Aptos?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Aptos</a> boasts the largest <a href="https://twitter.com/hashtag/Move?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Move</a> developer community?<br><br>Join Kevin Ang, Developer Growth Lead at Aptos, at <a href="https://twitter.com/hashtag/GMVN2024?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#GMVN2024</a>'s 'The new wave of Layer-1 blockchains' panel. Kevin will be unpacking the latest trends and the impact Aptos is making in the blockchain landscape.… <a href="https://t.co/zRkl1y69Wz" rel="noopener noreferrer nofollow">pic.twitter.com/zRkl1y69Wz</a></p>— GM VIETNAM ( <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f31e.png" alt="🌞" class="wp-smiley" style="height: 1em; max-height: 1em;">, <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fb-1f1f3.png" alt="🇻🇳" class="wp-smiley" style="height: 1em; max-height: 1em;">) | Vietnam Blockchain Week (@gmvn_official) <a href="https://twitter.com/gmvn_official/status/1792058480599146501?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 19, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
<p class="has-text-align-center">Source: Twitter</p>
<p>Another evidence of trend reversal is the smart recovery in the<strong> social dominance data</strong>. The value soared over 43% to 0.133% and hints the increase in discussion activity and the talk among the investors on the social platforms.</p> <iframe loading="lazy" title="Santiment Chart: Social Dominance (APT), Development Activity (APT)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=aptos&amp;pt=APT&amp;df=2023-11-21T18%3A29%3A59.663Z&amp;dt=2024-05-21T18%3A29%3A59.663Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bdev_activity&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%238358FF&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>Similarly, the<strong> development activity</strong> of the <strong>Aptos token</strong> reveals the bounce over 12% and spiked to the bullish region near 42. Furthermore, the token revealed the potential to recover the gains and might escape the range soon.</p>
<h3 class="wp-block-heading" id="strong-total-value-locked-tvl-soared-over-15-strong"><strong>Total Value Locked (TVL) Soared Over 15%</strong></h3>
<p>This week, followed by the price up move, the total value locked (<strong>TVL</strong>) of the <strong>APT token </strong>soared over 15% signifies buying pressure.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="370" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-50-1024x370.jpeg" alt="" class="wp-image-206365" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-50-1024x370.jpeg 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-50-300x108.jpeg 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-50-768x277.jpeg 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-50-1536x555.jpeg 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-50-750x271.jpeg 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-50-1140x412.jpeg 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-50.jpeg 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p class="has-text-align-center">Source: Artemis</p>
<p>Moreover, the buyers have persisted in <strong>accumulation </strong>and are putting efforts to attain dominance.</p>
<h3 class="wp-block-heading has-text-align-left" id="strong-futures-data-favours-the-upside-strong"><strong>Futures Data Favours the Upside&nbsp;</strong></h3>
<p>The derivative future data replicates a massive long buildup activity, highlighting the confidence of the bull army to register a bounce.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="243" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-264-1024x243.png" alt="" class="wp-image-206364" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-264-1024x243.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-264-300x71.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-264-768x182.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-264-750x178.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-264-1140x271.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-264.png 1416w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p class="has-text-align-center">Source: CoinGlass</p>
<p>The open interest data revealed a surge of over 10.2% to $129.81 Million in the last 24 hours, suggesting that the token has potential to outperform in the upcoming sessions.</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

Aptos (APT) Rose Over 11% Intraday: What’s Next Move For APT?

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