APTOS (APT): THE RISE OF A NEW GIANT IN THE CRYPTOCURRENCY WORLD

On November 20, 2024 - Aptos (APT), with the current price of $12.28, is attracting the attention of large investors as the 24-hour trading volume reaches $1.17 billion, reflecting strong confidence in this new blockchain platform. But is this the ideal time to buy or is it too late to join the game?

Panorama APT is one of the most promising blockchain projects in 2024. Growing by 298.76% from its historical low of 3.08 USD at the end of 2022, Aptos has proven that its ecosystem can attract not only individual investors but also large organizations. However, with APT's price dropping by 38.35% from its historical peak of 19.92 USD, the question is: Is Aptos preparing for a new growth phase, or is this just a temporary price trap? Technical Analysis Price Action (PA) indicates that: • Main support: 11.2 USD. This is the price at which strong buying force has pushed the price to bounce back in the past 24 hours. • Main resistance: 13.3 USD. If surpassed, Aptos could potentially aim for a higher target at 15 USD. The price behavior in recent days shows that buying pressure is increasing, especially when the price touches the support area. A strong bullish candlestick pattern with high trading volume indicates the participation of large traders in the market. Quantitative Analysis adds another perspective: • The current RSI is at 58, close to the neutral zone, indicating room for growth before entering the overbought territory. • MACD is in an uptrend, confirming positive momentum for Aptos. • Outstanding trading volume: A volume of more than $1 billion in the last 24 hours is a strong signal of market demand. Investment Strategy Recommendation: BUY • Entry point: Buy at the price of 12 - 12.3 USD, when the price stays above the support zone of 11.2 USD. • Price target: • Short-term: 13.3 USD (expected profit ~8.4%). • Medium term: $15 (expected profit ~22.1%). • Stop-loss: If the price drops below 11.2 USD, it is advisable to exit the position at 10 USD to manage risk. Recommendation: SELL • If the price cannot break through $13.3, consider taking partial or full profit. • RSI exceeds 70 (overbought), so reduce positions to preserve profits. Probability of Success Based on technical indicators and quantitative data, the probability of price exceeding $13.3 is 70%. However, selling pressure may intensify if the price reaches this level without significant trading volume. Conclusion APTOS is currently an asset worth considering for risk-taking investors, especially those who want to take advantage of the cryptocurrency market's growth momentum. However, it is necessary to closely monitor support and resistance levels to adjust the appropriate strategy. Remember that the cryptocurrency market is always highly volatile. Risk management is the most important factor for success.