{"id":11232,"date":"2022-11-18T07:37:23","date_gmt":"2022-11-18T06:37:23","guid":{"rendered":"https:\/\/coinonline.us\/will-aptos-hit-the-5-resistance-level-soon-after-its-8-rally-today\/"},"modified":"2022-11-18T07:37:23","modified_gmt":"2022-11-18T06:37:23","slug":"will-aptos-hit-the-5-resistance-level-soon-after-its-8-rally-today","status":"publish","type":"post","link":"https:\/\/coinonline.us\/will-aptos-hit-the-5-resistance-level-soon-after-its-8-rally-today\/","title":{"rendered":"Will APTOS hit the $5 resistance level soon after its 8% rally today?"},"content":{"rendered":"
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APT is up by more than 7% today and could rally toward the $5 resistance level in the near term.<\/p>\n
APT, the native coin of the Aptos blockchain, is up by more than 7% in the last 24 hours. The rally comes despite the broader crypto market underperforming once again.\u00a0<\/p>\n
There is no catalyst behind Aptos\u2019s ongoing positive performance. Aptos is up by 9% in the last seven days despite the bearish trend in the broader cryptocurrency market.<\/p>\n
Its positive performance comes as the broader crypto market is underperforming. The total crypto market cap has dropped below $830 billion and now stands at $824 billion, down by 1.7% today.<\/p>\n
Bitcoin is down by more than 1% in the last 24 hours and is currently trading at around $16,500 per coin. Ether, the second-largest cryptocurrency by market cap, has lost 3% of its value today and risks dropping below $1,100 before the end of the day.<\/p>\n
The APT\/USD 4-hour chart is positive, as Aptos has been performing well over the last few days. The technical indicators show that APT is outperforming the broader crypto market.<\/p>\n
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The MACD line has crossed into the positive zone, indicating that the bullish momentum is returning. The 14-day RSI of 56 shows that APT is no longer in the oversold region.<\/p>\n
At press time, APT is trading at $4.65 per coin. If the bullish trend continues, APT could surge past the first major resistance level at $5.03 before the end of the day.\u00a0<\/p>\n
However, it would need the support of the broader crypto market if it intends to surpass the second major resistance level at $5.53.\u00a0<\/p>\n
The bears are still controlling the broader market, and that could see APT drop toward the $3.93 support level in the near term.<\/p>\n