Crypto Price Analysis: Aptos up by 40% as Trading Volume Surge by 177%

crypto trading app

Aptos failed to record any increase over the last two days. However, we are seeing a massive change in trend as the coin has been the top gainer over the last 22 hours. It opened the intraday session at $12 but reached a high of $18.9 after a failed attempt at $19.

Currently struggling to hold the $18 support, it seems to be experiencing equal pressure from both the bulls and bears as we noticed that the last two hours were marked with dojis in the 1-hour chart. The coin is also the third most traded asset in the top as it 24-hour trading is up by more than 170%.

Aptos Shares Sentiment With APE

Apecoin is also one of the few major coins defying current market sentiment. Over the last 22 hours, most crypto assets saw very little price movement. As a result, there was no notable change to their price. This also resulted in the global cryptocurrency market cap remaining stagnant.

A look at the top 10 paints a clearer picture of the present situation. We noticed that most assets in the list are up or down by less than 3%. This makes APE surge more significant. Let’s see a breakdown of how it performed. It opened the day at $5.46 and peaked at $6.15.

Apecoin is currently exchanging below its high. A look at the  1-hour chart showed that the $6.15 resistance is one level that the coin attempted to test more than once in the past eight hours. Unfortunately, the mark still remains. Nonetheless, it is still trading above $6.

A close at this level may result in the asset recording a more than 10% increase. This also marked a breakout from its more than 100-day trend of trading below $6. The question on every trader’s mind at this time is if it would sustain its current momentum.

Apecoin Trails Behind Optimism

The NFT-tied coin is not the only asset defying current market sentiment. Another top token claims its place as one of the top gainers over the period under consideration. Optimism is currently up by more than 20%. Let’s go over a breakdown of how it performed.

It opened the current intraday session at $1.99. It surged to a high of $2.57 but is exchanging at $2.41 at the time of writing. A look at the 1-hour chart shows that a buildup to the most recent feat started around noon (UTC) with little red candles in between.

At the time of writing, OP is holding on to the $2.40 support. Will it hold?

Your crypto deserves the best security. Get a Ledger hardware wallet for just $79!

Market Analysis
Liked Reading? Share with Friends