Aptos (APT) posted sharp gains on Thursday, January 12, after the release of US consumer price index (CPI) data. These data, which showed a modest decline in inflationhas led traders to bet on a potential slowdown in US inflation.
This has led to a rally that allowed APT to close at $6.4632 for a significant gain of 21.89% after consolidating for three days above its former resistance zone and now a support zone between $5.1847 and $5.3922. As of this writing, APT is up 36% in the past 24 hours and 87.99% over the week.
The release of US CPI data also led to a surge in bitcoin, the world’s largest digital currency by market capitalization. It crossed $19,000 for the first time since November 8 and finally closed with a daily gain of 5.08%.
Aptos Price Prediction and Technical Analysis (APT)
APT’s recent bullish momentum is evident through the 20-day and 50-day EMAs of the cryptocurrency which are rapidly closing on each other at $4.6388 and $4.7090, respectively.
The APT Relative Strength Index (RSI) of 81.30 suggests it may be overbought at present, prompting traders to remain vigilant and watch for signs of a potential reversal. For deeper analysis, investors should closely follow all price and trading volume movements so that they can detect whether a volume confirmation holds up.
The MACD indicator for APT is also indicating an uptrend. The MACD line is currently at 0.4660, while the signal line is at 0.0997. The histogram is also positive at 0.3663, indicating a significant gap between the MACD and the signal line.
APT is currently trading at $7.04 and is fast approaching significant resistance in the $7.1620-$7.2234 range. If the resistance is not broken, there is a strong support level between $5.1847 and $5.3922. If APT manages to decisively clear the current resistance, a move towards $10 is a real possibility.
Diversifying your cryptocurrency portfolio: other options to consider
So far in 2023, the cryptocurrency market is showing signs of a potential recovery. If you are wondering which are the best cryptocurrencies to buy today, a great practice can be to look for promising altcoins during their pre-sale periods, as prices may be discounted since they entered the markets. Coins of interest include MMEMAG, FGHT and TARO, all of which will be traded in the coming months.
Guild of Metamasters (MMEMAG)
Meta Masters Guild (MMG) is a development of a Web3 gaming ecosystem and guild, with world-class blockchain mobile games. Players who participate in the decentralized platform will be rewarded MEMAG cryptocurrency for their efforts and will be able to own their digital assets on the secure blockchain network. With these incentives offered by MMG, players have a unique opportunity to unlock value through immersive gameplay.
MMG builds a comprehensive ecosystem that incentivizes players to invest money and effort, promising fair rewards in return. This project has three main goals: an enjoyable gaming experience, long-lasting utility, and increased participation from community members.
The company is committed to combating unethical practices that are pervasive in the gaming industry by launching an open and fair network. Players can trade in-game currency, items, and rewards for cash or digital assets through its accessible in-game economy. To launch this initiative, Meta Kart Racers, a single-player PvP racing game developed specifically for mobile devices, be the first to jump into the ecosystem.
The pre-sale of MEMAG tokens started successfully, attracting investors and quickly approaching the level of $100,000.
Fight Out is a new “move-to-earn” (M2E) app and network of gyms encouraging users to reach their fitness goals through rewards, while fostering community connections. With Fight Out, you can create tailored training plans, track your progress, and team up with other members to complete challenges, all while exploring an immersive virtual world connected to local gyms.
With Fight Out, members will be able to track their fitness progress in real time through a non-fungible avatar token (NFT). As members reach their fitness goals, the digital character levels up and allows members to battle other users for rewards using their avatars. The idea is to make staying fit fun and engaging.
By 2023, the company will unveil its revolutionary gym. This state-of-the-art facility equipped with Web3 technology will offer a myriad of fitness options, including the latest equipment, plus studio spaces and a health bar, not to mention several co-working spaces. In addition, “mirrors” integrated with smart technology will be made available to customers, allowing them to view their personal fitness stats and receive feedback on their workouts as they go.
Fight Out offers tailored training plans, progress tracking tools and analytics to measure performance. Additionally, the Fight Out community will be a vibrant hub for members to share their successes through the opportunity to create and publish inspiring content.
So far, the project has raised a hefty sum of $2.9 million from presales of its FGHT tokens. Investors can currently receive a 50% bonus token for participating in the pre-sale.
Dash 2 Trade (D2T) is about to end the presale
Dash 2 Trade is set to shake up the trading landscape in February with its innovative cryptocurrency trading analytics and social monitoring platform. Equipped with a full suite of features that grant users unmatched monitoring and control, the trading tool will provide traders with powerful resources to make informed decisions by connecting them to an enthusiastic community.
Dash 2 Trade equips novice traders with the information they need to make sound decisions and educate themselves. It will enable more advanced investors as well as newcomers take advantage of automated trading via the exchange APIs to enhance your strategies. Also, its token presale rating system allows people to quickly understand some of the hottest tokens available in the market. Key features include real-time sentiment analysis, intuitive tools, and industry-leading analytics, all within one powerful platform.
Building on the 70,000-member international community of its parent organization in Learn 2 Trade, Dash 2 Trade will benefit from an impressive audience right from the start. The team will also strive to ensure a smooth user experience by actively reviewing customer feedback and continually improving the platform.
Dash 2 Trade presale exceeded expectations, raising over $15.4 million, and D2T token is now available for trading on the markets.