Cryptocurrency Aptos (APT) has caught the attention of crypto traders as it has gained by over 136% in a week and had attempted to break the $20 price ceiling yesterday, January 26th. Data from Coinmarketcap shows that Aptos has risen up the ranks to 26th with a total market cap of almost $3 billion.
$20 Might be A Tough Nut to Crack for Aptos (APT)
At the time of writing, Aptos (APT) is trading at $18.51 after setting the earlier-mentioned all-time high of $20.40. The 6-hour APT/USDT chart below, courtesy of Tradingview.com, shows that Aptos remains in bullish territory above the 50 (white), 100 (yellow) and 200 (green) moving averages. Its parabolic SAR (blue dots) also confirms its bullishness, as the indicator is below the price.
However, its MFI (green), MACD and RSI (red) on the 6-hour timeframe all hint at an overbought scenario. As a result, Aptos might have a hard time breaking the $20 ceiling again and could be gearing up for a correction towards the $14.57 support in the following days.
But, FOMO (fear of missing out) might have already kicked in, and Aptos could continue going parabolic in tandem with renewed interest in Bitcoin and other digital assets in the crypto-verse.
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