In this Aptos technical analysis, we will examine the current price action, trading volume, key levels and indicators for APT-USDT. Aptos is a decentralized cryptocurrency that utilizes advanced security measures such as zk-SNARKs and BLAKE2b. It has a unique consensus algorithm called “Aptos-PoW” which combines proof of work and proof of stake mechanisms to ensure faster transaction times while maintaining decentralization. Aptos also features an innovative governance system that allows holders of the cryptocurrency to vote on proposals for its development and growth.
Aptos Price Overview:
As of October 02, 2023, Aptos is trading at approximately 5.3907 USDT. Let’s dive into the detailed price action for APT-USDT:
| Metric | Value |
|---|---|
| Open (O) | 5.6744 |
| High (H) | 5.7615 |
| Low (L) | 5.3301 |
| Close (C) | 5.3907 |
| Volume (C) | 4,925,159.07 |
- Open (O): The opening price for today’s trading session was approximately 5.6744 USDT.
- High (H): Aptos reached a daily high of around 5.7615 USDT.
- Low (L): The daily low for APT-USDT was approximately 5.3301 USDT.
- Close (C): At the time of analysis, Aptos is trading near its daily close of 5.3907 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -4.96% |
| 3D Change (%) | -0.16% |
| 7D Change (%) | -3.15% |
| 30D Change (%) | -3.28% |
| 90D Change (%) | -29.77% |
| YTD Change (%) | 56.29% |
Over the past three days, APTUSDT has dropped by approximately -0.16%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -3.15%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with APTUSDT maintaining a downward trend of approximately -3.28%, despite intermittent fluctuations. Examining the last 90 days, APTUSDT has witnessed substantial drop of approximately -29.77%, reflecting strong long-term confidence. Year-to-date, APTUSDT has steadily appreciated by around 56.29%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Aptos Live Chart:
You can access a live price chart for APT-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.37915.
- Momentum score is -0.03282.
APT USDT Technical Analysis
Aptos Trading Volume:
The trading volume for Aptos (APT) over the past 24 hours has been significant, with approximately 4,925,159.07 USDT traded against APT. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): APT is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Aptos is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for APT-USDT is currently in the low zone, around 44.37005. This suggests that Aptos is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Aptos (APT-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
