FxWirePro- APTUSD (Chart of the day)

Aptos is a layer 1 blockchain developed by Aptos Labs. It is considered a Solana killer.

Consensus Mechanism- Aptos uses byzantine fault-tolerant(BFT),proof-of-stake consensus mechanism.  

Aptos features-

Transaction per second 4200

Block time finality- less than 1s

APTUSD performed well in the past   seven days

Any daily close above $15 confirms further bullishness.

APTUSD has gained more than 45% in the past one week.  The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $3.10 and is currently trading around $12.21.

The bullish invalidation can happen if the pair closes below $4.70. On the lower side, the near-term support is $10. Any break below target $8.80/$7.49.

The immediate resistance stands at around $15. Any breach above confirms bullish continuation. A jump to $20.50/$25  is possible. A surge past $25 will take it to $30/$38.

It is good to buy on dips around $10 with SL around $7.40 for TP of $20.