#Aptos
Aptos network is booming, can the price break through the $20 mark in one fell swoop?
Aptos stock price finally broke the long-term deadlock and aimed directly at $20!
Recently, the speed and success rate of the Aptos network have reached new highs, which is really popular. The number of transactions per second (TPS) has soared to 1051, which is amazing!
Moreover, the number of daily active accounts (DAA) has also been rising all the way, breaking the 3.75 million mark on October 3. It seems that everyone really loves this platform and is very enthusiastic!
As this network became popular, the price of Aptos also rose. Today, APT rose by 1.1% and sold for $8.28. Although the entire cryptocurrency market is falling and Bitcoin has fallen below $60,000, Aptos still holds up!
The data on the chain also shows that everyone is bullish on Aptos. Especially with Franklin Templeton launching an on-chain U.S. government money market fund (FOBXX) on Aptos, the price of APT is likely to go straight to $20, or even higher!
From a technical point of view, the price of APT is also quite impressive. It broke through the long-term consolidation range, and the 50-day and 200-day exponential moving averages (EMA) support it. As long as the closing price can stabilize above $8.55, the rise can continue.
However, there may be some resistance at $10.7, after all, that was the previous high. But if it breaks through, $19 will be the next target!
Of course, it is not without risks. The current price bottom line is $7.7. If it falls below, it may have to return to that consolidation range. In addition, the relative strength index (RSI) is 64.24, which is close to the overbought zone. So, although there is still room for growth, you have to be careful and don't chase high.
In general, Aptos's rise is quite strong. Let's wait and see whether it can reach $20!
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