• Aptos is currently trading in the green zone, gaining 6% in the last 24 hours.
• The token has a market capitalization of over $438 million and ranks as the 74th largest cryptocurrency.
• If Aptos can keep up this rally, it may test the seven-day high of $3.42 and then gain past $3.50.
Aptos is currently performing well in the market, with gains of 6% in the last 24 hours. According to data from CoinGecko, the token is trading at $3.38, with a market capitalization of over $438 million. This puts Aptos as the 74th largest cryptocurrency.
The token has been recovering from a major decline that saw it lose 10% of its value in the last seven days. Buyers seem to be buying at low prices and anticipating a price gain, as evidenced by its mild volatility, trading between $3.17 and $3.42. Aptos has also reported trading volumes of over $94 million.
If Aptos is able to keep up this rally, it may test the seven-day high of $3.42 and then aim for gains past $3.50. Intense buying pressure could push the prices past $3.76, and if there is market support, gains past $4 may be on the way. On the other hand, a lack of market support could trigger a price decline that will see Aptos testing levels below $3.20. Such a decline would be worrisome as the token had registered a new all-time low of $3.08 on December 29th. Since then, it has dropped by 75% from an all-time high of around $13, created two months ago.
Overall, Aptos is showing signs of recovery and may continue to climb if buyers remain confident in the token. However, the market is unpredictable and investors should exercise caution before making any investments.