- Analyst Ali has shared some bullish insights on Aptos (APT) on Twitter.
- The analyst tweeted a prediction on April 5 that Aptos was forming a bull flag on the daily chart.
- At press time, Aptos’ native token, APT, is changing hands at $13.12.
Ali, a prominent financial analyst on Twitter, has shared some bullish insights on Aptos’ native token, APT. Ali states that Aptos has witnessed a bullish daily close above the 50-day moving average. Traders and investors often watch this technical indicator closely as it can signal a potential shift in the cryptocurrency pair’s trend.
Notably, Ali tweeted a prediction on April 5 that Aptos was forming a bull flag on the daily chart. He suggested that the 50-day moving average (50MA) and 100-day moving average (100MA) could determine whether Aptos was poised to break out or bound for a correction.
The analyst added that a sustained daily close above the 50MA would be bullish, while a sustained daily close below the 100MA would be bearish. As it turns out, Ali’s prediction proved to be accurate as Aptos saw a sustained daily close above the 50MA today, indicating a bullish trend for the cryptocurrency. This bullish breakout has caught the attention of many investors, who are now eager to capitalize on Aptos’ potential gains.
On the other hand, the recent surge in Aptos’ value could be attributed to the token unlocks on April 12. The network released a fractional amount of tokens, accounting for 0.45% of its total supply, valued at over $52 million.
Aptos’ native token, APT, is changing hands at $13.12, up 14.60% in the last 24 hours, according to Coinmarketcap data. The APT/USD pair has a 24-hour trading volume of $588,648,635 and is ranked 30 on Coinmarketcap.
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