Aptos is bullish today after gaining 12.5% in the last 24 hours. At the time of writing, APT was trading at $4.73, according to CoinGecko. The bullish trend created by APT could be sustained as the token is recovering from a notable price drop following the FTX collapse.
Aptos price analysis
Aptos made a significant drop shortly after the collapse of FTX as the community pondered over the project’s exposure to the collapsed FTX ecosystem. The Aptos community quickly affirmed that it had no exposure to FTX.
The current uptrend has allowed the token to break out. In the last 24 hours, it has traded between $4.20 and $4.85, indicating substantial volatility. If it continues holding support at $4.70, it will likely rally toward the next major resistance at $5.48.
Aptos has reported trading volumes of more than $217 million in the last 24 hours amid growing interest in the token from traders. After the notable plunge in the token last week, the dip is attracting more dip buyers, and APT could continue rallying in the short term.
APT’s price movement points at a possible trend reversal. The Moving Average Convergence Divergence (MACD) line is currently above the signal line, but its movement indicates that bears could be overpowering the bulls.
On the other hand, APT has a Relative Strength Index of 52, which is a neutral zone between the buyers and the sellers. If the buying support is not strong enough, the weak performance in the broader market could trigger a price dip.
Aptos creates new partnerships
Aptos is a newly launched layer one blockchain. Despite the new platform, it has not been short of support from some of the largest players in the web 3.0 & crypto industry.
Recently, Aptos secured a partnership with Npixel, a gaming studio in South Korea, to bring Web3 technology to its gaming platform. This partnership could signal Aptos is a reliable blockchain for creating blockchain-based gaming projects.
Dash 2 Trade’s presale reaches $6.4 million
If you are considering buying Aptos during the uptrend, you might also check out Dash 2 Trade, whose presale is showing signs of exploding. The Dash 2 Trade presale has raised more than $6.4 million in barely one month, making it one of the best token presales of 2022.
Dash 2 Trade is a crypto signals platform that will go live during the first quarter of 2023. This platform will bring beginner and expert traders together and give them the best insights, tools, and information to help them make informed decisions.
This year’s volatility in the crypto market has traders looking for a reliable tool to assist them in decision-making. Dash 2 Trade will provide on-chain data, technical analysis, and a social trading feature that will enable crypto traders to stay ahead of the market.
Traders can access the features available on this platform using the D2T token. This makes D2T one of the best utility tokens you can buy today.
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