The cryptocurrency market continues to show strength amid anticipated changes in US Federal Reserve interest rates. Ethereum (ETH) has reclaimed the $4,700 mark, while Aptos (APT) is showing signs of growth.
APT and WLD: Chart Analysis
APT has gained 10% over the past week. On APT's charts, bullish fractal patterns are emerging, mirroring the recent rally of Worldcoin (WLD). WLD previously overcame a downtrend, breaking out of a falling wedge and resistance levels, leading to a dramatic increase in its value.
APT has also broken through similar levels, surpassing the 100-day moving average.
Outlook for APT
If APT can maintain levels above the 100-day moving average (currently at $4.62) and break above the 200-day moving average ($4.98), it may set off the next wave of growth, with potential target prices around $5.66 and $6.28.
Conversely, losing support at the 100-day moving average could weaken the bullish pattern and lead to consolidation.
Conclusion
APT currently shows promising signs of growth amid the overall rise of the cryptocurrency market and may follow WLD's example. Monitoring key support and resistance levels will be critical for future forecasts.
APT is currently demonstrating encouraging growth signs, and further monitoring of price levels may impact its future dynamics.
