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A confirmed breakout above $6.50, backed by strong volume, could propel APT 35% higher to $8.39, aligning with the pattern’s measured move projection.
Further reinforcing the bullish thesis:
- 50-day Exponential Moving Average (EMA) at $6.87 is within reach, acting as an immediate resistance level.
- 200-day EMA at $8.46 aligns closely with the projected price target, suggesting a technical confluence.
- Relative Strength Index (RSI) at 49.48 shows neutral momentum, leaving room for upside expansion before hitting overbought conditions.
Conversely, a pullback from the neckline resistance risks invalidating the double bottom scenario, instead sending the APT price toward the $5 base target.
Bitwise’s Aptos ETF Filing Support Bullish Outlook
The bullish sentiment around Aptos intensified following Bitwise’s filing of an S-1 registration with the SEC for an Aptos ETF.
The proposed ETF would track APT’s price performance, making it one of the first investment products tied to the Aptos blockchain. The next step involves a 19b-4 filing, which, if approved, would enable the ETF’s launch.
Bitwise has filed an S-1 registration statement for the Bitwise Aptos ETF. Previously, the Bitwise Aptos ETF was registered in the state of Delaware, USA. https://t.co/gC2jraOBSi
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