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Aptos (APT) coin is one of the names that stands out in the cryptocurrency market and has recently entered a strong uptrend. The start of the Aptos Summit event and positive announcements for 2024 positively affected the APT price.
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Despite the BTC drop on January 23, Aptos managed to survive and experienced an increase of up to 18% in a short time. The Aptos ecosystem is growing rapidly and this indicates that the price could rise even further in the future.
Aptos (APT) Price Analysis
As of now, Aptos has fallen below the 8.80 USD resistance level and is in a downward trend. If the expected decline in Bitcoin continues, the impact of the decline in Aptos could increase further. In the downside scenario, the first support area is at 7.80 USD. Below this level, a drop to 6.70 USD may be inevitable.
It should be remembered that if BTC remains below 39,000 USD or negative news comes from the ecosystem, the pullbacks can be observed towards support areas such as 8.3351 – 7.8853 – 7.2781 – 6.6896 and 6 USD.
If Aptos settles above 9.4184 USD, it is expected to rise to levels of 9.8942 – 11.1382 and 12.8202 USD.
Conclusion:
The Aptos (APT) coin is a promising project with a strong team and a growing ecosystem. The recent upward trend is a positive sign, but investors should be aware of the risks associated with the cryptocurrency market.