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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

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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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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