sustained confidence in its upward trajectory
In intraday trading, APT's price surged nearly 12%, with weekly gains reaching 18% from the demand zone. This bullish momentum propelled the price past the short-term resistance levels of the 20-day and 50-day EMA bands effortlessly, and it is now approaching the 200-day EMA band.
At the time of writing, APT is trading at $7.20 with a market cap of $3.60 billion, ranking 26th in terms of market cap.
This large-cap cryptocurrency has benefited from Bitcoin's positive momentum and is currently riding a wave of optimism.
However, sustained confidence in its upward trajectory will be confirmed once it surpasses and holds above the change of character level (ChoCh).
Therefore, if APT can break through and maintain above the 200-day EMA band and the $8 resistance level, it will solidify the bullish sentiment for future trading sessions.
At the time of writing, APT is trading at $7.20 with a market cap of $3.60 billion, ranking 26th in terms of market cap.
This large-cap cryptocurrency has benefited from Bitcoin's positive momentum and is currently riding a wave of optimism.
However, sustained confidence in its upward trajectory will be confirmed once it surpasses and holds above the change of character level (ChoCh).
Therefore, if APT can break through and maintain above the 200-day EMA band and the $8 resistance level, it will solidify the bullish sentiment for future trading sessions.
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