Is Aptos (APT) Heading the Right Direction Friday?

Friday, March 29, 2024 08:21 AM | InvestorsObserver Analysts

InvestorsObserver gives Aptos an average long-term technical score of 64 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. APT at this time has a superior long-term technical analysis score than 64% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving Aptos a 64 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Aptos!

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Trading Analysis

The current trading price of $17.120000000 for APT is $6.4000000 (59.66%) above the coins 100-day moving average of $10.720000000. APT meanwhile is $12.3700000 (128.94%) above its 52-week low of $4.750000000 and -$2.17000000 (36.93%) under its 52-week high price of $19.290000000. Aptos's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 64. The price movement and range of APT suggest that investors are neutral on the coin at this time. Aptos currently has a total market cap of $6,796,476,386.74 to go along with its average daily volume of $1,843,756,379.86 worth of the currency over the past seven days. APT's volume is below its seven day average as of the past 24 hours, with 267,388,132.10 exchanged in that period. This coin's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.

Summary

Trading patterns over the last year for Aptos leads to the coin's an average long-term technical score of 64 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin. Click Here to get the full Report on Aptos (APT).