Renowned financial analyst Ali recently took to Twitter to share some optimistic perspectives on Aptos’ native token, APT. According to Ali, Aptos has experienced a bullish daily close that has surpassed the 50-day moving average. Traders and investors closely monitor this technical indicator as it can indicate a shift in the trend of the cryptocurrency pair.
Ali’s astute observation on April 5th via Twitter highlighted the formation of a bullish flag on Aptos’ daily chart. He expertly noted that the 50-day moving average (50MA) and 100-day moving average (100MA) would play a pivotal role in determining whether Aptos was on the cusp of a breakout or headed for a correction. Such keen insights demonstrate Ali’s proficiency in the field and ability to provide valuable analysis to his followers.
According to the analyst, a consistent daily close above the 50MA would signal a bullish trend, whereas a consistent daily close below the 100MA would indicate a bearish trend. As it happens, Ali’s forecast has proven to be spot-on, with Aptos experiencing a sustained daily close above the 50MA today, pointing towards a bullish trajectory for the cryptocurrency. This positive development has piqued the interest of numerous investors, who are now keen to leverage Aptos’ potential profits.
The recent uptick in Aptos’ valuation can be traced back to the token unlocks on April 12th. The network strategically released a fractional amount of tokens, representing a mere 0.45% of its overall supply, which amounted to an impressive $52 million. This calculated move has undoubtedly contributed to the current Aptos value surge.
As per the latest Coinmarketcap data, Aptos’ indigenous token, APT, is currently traded at $13.12, exhibiting a remarkable surge of 14.60% in the past 24 hours. The APT/USD pair has recorded a trading volume of $588,648,635 in the last 24 hours, securing the 30th position on Coinmarketcap’s ranking chart.
