Aptos Set For Big Reversal? Expert Analysis Spotlights 2.3% Bounce as Just the Start
Despite the crypto market pullback, Aptos is showing strength ahead of the US election, with APT bulls emboldened by a +2.3% push by APT price.
This comes amid risk-off caution among crypto investors ahead of Wednesday’s titanic US election. Many expect a sell-the-news event and a return to risk-on trading once clarity has improved investor sentiment.
In the middle of the caution, Aptos’s price is demonstrating resilience. It was hot on the bullish news last week that Aptos
Price
Trading volume in 24h
Last 7d price movement
was integrating USDT, which introduces interoperability for the blockchain via one of the world’s most popular stablecoins.
It's important to keep the bigger picture in mind when you're holding spot positions…
Even if Aptos was to continue ranging between $8-$11 for a bit longer, new ATH is the target when the bull truly gets going.
The hard bit is done, a little more patience needed. pic.twitter.com/8C90JFhu0B
— Posty (@PostyXBT) November 4, 2024
Many traders on crypto Twitter have called out a mid-time frame range between $8-$11 as a driving force behind recent price action, with Aptos remaining close to the trend in defiance of market anxiety.
DON’T MISS: The Next 100X Cryptocurrency To Stack in November 2024
APT Price Analysis: Aptos Shows Resilient Strength Ahead of US Election
In a show of strength, Aptos’s price is $8.23, with a +0.37% bounce over the past 24 hours as APT bulls defend the well-established price range.
Trendlines illuminate that the APT price could fall lower to another support level at $7.25. Yet, with price action well established between $8 and $11, it seems likely Aptos will consolidate at this level ahead of the US election.
(Source)
This view is reinforced by local support from the 200DMA, which is at $7.77, providing further weight to this support area.
Yet, with APT price at a -13.5% divergence under the 20DMA, it illustrates the broader caution in the market ahead of Wednesday.
However, a divergence below the 20DMA also means an encouragingly low RSI at 41, suggesting bullish divergence and significant upside capacity for a bigger push to the upside.
Pepe Unchained Meme Coin Layer-2 Is a 10x Play Heading into New Bitcoin High
We just hit 24M! the GigaBrain community really is showing out for Pepe and we love it!
Thank you so much for your continued support and we can't wait for what the future holds!! pic.twitter.com/HReinuWM76
— Pepe Unchained (@pepe_unchained) November 1, 2024
As Bitcoin ($BTC) broke the $70,000 ceiling Last Tuesday, November is once again poised to self-fulfill as the best month for crypto gains.
In response to one of the most frequent grievances among meme coin traders – high gas fees – Pepe Unchained is determined to free the legendary Pepe from its ERC-20 constraints by launching a highly anticipated, dedicated meme coin layer-2.
What does this mean?
Pepe Unchained will deliver faster transactions at a lower cost, enabling a highly scalable playground for the best meme coin developers in the crypto space.
With such strong support, Pepe Unchained will likely attract even more investment ahead of its exchange debut.
Many, including crypto influencer Jacob Crypto Bury, believe that $PEPU could deliver a remarkable 10x return, further igniting excitement among potential investors.
If you’re new to Pepe Unchained or still need to acquire a good amount of $PEPU tokens, joining the presale is easy.
Visit the project’s official website, connect your wallet, and purchase $PEPU using ETH, USDT, or BNB. Credit card payments are also accepted.
Stay informed about the latest developments and announcements by joining the Pepe Unchained community on X (Formerly Twitter) and Telegram.
EXPLORE: Harris Odds Rise on Polymarkets: What Will Happen With US Election Crypto?
Join The 99Bitcoins News Discord Here For The Latest Market Updates
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Free Bitcoin Crash Course
Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.
