Aptos (APT) points to a rally on the weekly chart.

Aptos (APT), one of the popular altcoins of 2024, has shown a potential rally by increasing by 23 percent in the last two weeks.

While altcoins fell in the week when Middle East tensions increased, Aptos, a layer-1 blockchain, gained momentum. APT has hosted a 13 percent increase since the beginning of October.

Aptos's development team Aptos Labs entered the Asian market by purchasing Japan-based NFT company HashPalette. This strategic move paved the way for Aptos to interact with companies in Asia. APT, which rose with the impact of the news, managed to exceed $ 7.5, an important resistance point.

According to analysis platform AMBCrypto, APT may continue its rise.

Aptos (APT) has the potential to make a strong rise in the coming weeks. According to the analysis made by AMBCrypto, as long as the APT price remains above $8, the bearish scenario will be shelved.

APT started to hold on to the $7.57 support on October 1, when the Middle East tension broke out. APT, which managed to stay strong during the period when the selling pressure increased, started to rise under the influence of the news flow.

APT's weekly price chart showed that the rise could be permanent if the support level at $7.57 is maintained. In the possible bullish scenario, one of the biggest obstacles in front of APT could be the $9.58 resistance. The analysis noted the following;

"Despite the scary environment, $APT remained strong. The support level that APT held on to was the highest level of August used for the Fibonacci indicator. With Fibonacci, the $9.58 resistance and the seller zone around $10 emerged."

The analysis, which interprets the data in question, predicts that APT may test the seller zone of $10 in the near future.

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