According to Coindesk Research’s technical analysis model, Aptos’ apartment tokens gathered more than 4% on a large number of large capacity and proposed more potential upside potential.
The model says the merger phase of digital assets exploded between $4.65-$4.73, building strong support in $4.73, then pushing previous resistance levels to establish new local highs.
The token is currently 2.6% higher and trades at about $4.86.
With wider market specifications, the Coindesk CD20 rose 1.75% in publication time.
Technical analysis:
- APT rose from $4.65 to $4.85, accounting for 4.3% growth, and confirmed a large volume confirmation.
- The price formed a clear merger pattern between $4.65-$4.73, and then encountered a decisive breakthrough at 09:00, with the volume almost increasing by 24-hour average.
- Strong support was set at $4.73, and subsequent price action formed a channel for upward rise with resistance of $4.85.
- During the 16:00 candle (884,397 units), a massive surge confirmed the buyer’s conviction because it just pushed the previous resistance level.
- Prices form a unique pattern of higher and lower points while encountering resistance of $4.85, which is violated in a 20:01 candle (10,126 units).
- Key technology development occurred as prices soared from $4.84 to $4.85 and confirmed strong (9,094 units).
- The final minutes showed decisive momentum through subsequent retests to hold $4.84 support, which indicated a potential continuation of the uptrend.
