Date: Sun, Oct 13, 2024, 06:08 AM GMT
Aptos (APT) is making waves in the cryptocurrency market, boasting over 20% gains in the past 24 hours. As Bitcoin continues to trade in green, it’s fueling bullish momentum across the market, and Aptos has emerged as one of the top-performing altcoins today.
Source: Coinmarketcap
What’s Driving the Surge?
The recent rally follows a major announcement: Aptos Foundation has entered into a partnership with Franklin Templeton, a global asset management giant. According to a report from Cointelegraph, this partnership integrates the Franklin OnChain U.S. Government Money Fund (FOBXX) into the Aptos blockchain. This is a key milestone, reflecting growing institutional interest in the blockchain space and boosting investor confidence in Aptos.
Also, the current market scenario, which is driving altcoins higher, is a factor contributing to the APT rally.
Source: X
Is More Rally Ahead?
Currently, Aptos is trading at $10.19, marking a 66% gain over the past 30 days. However, the token has faced minor resistance at $10.40, and we may see some correction here. In terms, if the momentum continues and $APT breaks through the $10.40 and $11.03 resistance levels, it could pave the way for a much larger rally.
The major target to watch is $19.35, which represents a potential 75% upside from its current price. Breaking this key resistance would solidify Aptos' bullish trend, drawing in more traders and potentially driving it to new highs.
Final Thoughts
With a solid partnership and positive market momentum, Aptos appears well-positioned for further gains. However, breaking critical resistance levels will be key to unlocking the next phase of the rally.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
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