- APT price rallies hard as price hits $16 with over 500% for traders trading this token
- APT price continues to look strong on all timeframes as the price shows no sign of weakness
The price of Aptos coin (APT) continues to look strong despite the market suffering a little price retracement as the price has rallied from a region of $3 to a high of $16 with an over 500% rally from the start of this year, 2023.
Aptos coin (APT) was launched at the end of 2022, and its community members were rewarded with this token as an airdrop. At its launch, the coin rallied to a high of $10 before suffering a major decline in price to a region of $3 before finding support to hold off price sell-off.
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With the market showing some relief bounce in the early part of January with many altcoins and Bitcoin (BTC) rallying from a low of $15,700 to a high of $23,000, the price of APT has become a top performer in recent weeks as price rallies beyond the expectations of many considering how difficult the bear market has been.
Aptos (APT) Price Analysis On The Daily (1D) Chart
After closing above the weekly price range of $3.8, the price of APT has rallied with so much strength both on the weekly and daily timeframe suggesting the price of APT could continue to look strong until there exist signs of weakness.
The price of APT formed good support at $6.9, which corresponds to the value above the 23.8% Fibonacci retracement value where the price of APT gained more buy orders to rally to a high of $14.5 where the price was faced with resistance to breaking higher.
APT’s price retraced to $11, where it formed daily support to hold a sell-off before rallying higher. The region of $14 and $11.7 area will act as good support for APT. If these regions are broken, we could see price trading between $8-$6.
Image From Asian Crypto, Chart From Tradingview
