Aptos ($APT) is showing positive signs, with the current price around $6.12. Recently, the trading volume of APT has surged, reaching nearly $640 million on August 9, 2024, the highest level in the past 4 months.
Technically, if $APT surpasses the important resistance level at $6.44, the price could aim for higher targets such as $6.80 and $7.20. Conversely, if it fails to hold the support level at $6.00, the price may correct to $5.80 or lower.
Additionally, the partnership between Aptos Labs and Microsoft in developing AI tools has attracted significant attention from the community, contributing to the value of $APT.
However, investors should be aware of the event unlocking 2% of the $APT supply, equivalent to about $33 million, expected to occur on August 12, 2024. This event could create short-term selling pressure on the price.
Note: The cryptocurrency market is highly volatile. Investors should conduct thorough research and manage risk before participating in trading.
