APTOS (APT) moved in a narrow price range in the last month and became consolidated between $ 5.63 and $ 6.53. However, Bitwise’s application for APT for APT has created a new wave of optimism in the market and paved the ground for a possible price break.
Corporate interest in the Aptos Market may increase
Aptos investors took a cautious stance against the price movement of the token last month. In general, market sensitivity was negative, which led to the dominance of short positions in the futures market compared to long positions. However, Bitwise’s ETF application started a change in investor sensitivity and signaled a upward movement in the APT price.
This development can encourage investors to open more long positions. Thanks to the ETF application, the interest of corporate investors may increase, which can help to get out of the consolidation range in which the APT price is stuck. If this momentum persists, it may become a catalyst that triggers the price increase.
Technical Indicators give positive signal
APTOS’s general market trend began to see signs of improvement. The MACD indicator indicates that the tendency to rise in the price movement is strengthened. Although a short -term decrease last week, the recovery in the MACD indicator increases the likelihood of a upward breaking. If this trend persists, APTOS can exceed critical resistance levels and reach higher prices.
Technical analysis indicates that this rise tendency can continue. With the change in market sensitivity and the increase in corporate investor interest, the rise trend seems possible to strengthen.
APTOS price is preparing for rise
APTOS, which has an increase of 9 %in the last 24 hours, has begun to signal signals. The price movement, which has been trapped in the range of $ 5.63 – 6,53 for a long time, may be above these levels with the effect of new developments. If the APT exceeds the critical resistance of $ 6,53, the price can be expected to rise up to $ 7.20.
However, if the fracture fails, the APTOS price may return to the current consolidation zone again. If it falls below $ 5.63, a withdrawal of up to $ 4.96 may be experienced, which may invalidate the current rise expectations.
In summary, Aptos’ price movement is currently at a critical point. Bitwise’s ETF application has a positive atmosphere in the market, while technical indicators indicate that the rise can continue. However, investors should also consider the possible decrease scenarios that may occur if the break is not happening.
