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Aptos (APT) Price Analysis for October 19

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Wed, 19/10/2022 - 19:30
Aptos (APT) Price Analysis for October 19
Cover image via www.tradingview.com

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Bears remain more powerful than bulls, keeping the cryptocurrency market in the red zone.

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Top coins by CoinMarketCap

APT/USD

Aptos (APT) has become very popular lately against the listing of it on major exchanges. At the moment, the coin is in 51st place on the CoinMarketCap ranking.

APT/USD chart by TradingView

As Aptos (APT) does not have a lot of history, one should look at the local time frames instead of the daily one. On the hourly chart, the coin has formed the resistance at $7.8597 against the declining volume. If the price returns to it, it might indicate bulls' dominance.

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However, one should not expect sharp growth as the daily ATR has been passed. However, if a breakout happens, there are chances to see a rise to the important $8 zone tomorrow.

Aptos (APT) is trading at $7.8220 at press time.

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