Aptos (APT) saw significant gains on Thursday, January 12, following the release of U.S. Consumer Price Index (CPI) data. The data, which showed a modest retreat in inflation, has caused traders to bet on a potential cooldown in U.S. inflation.
This led to a rally causing APT to close at $6.4632 with a massive 21.89% gain after consolidating for three days above its previous range resistance and now a turned support area of $5.1847 to $5.3922. As of writing, APT is up 36% in the past 24 hours and a massive 87.99% for the week.
The release of U.S. CPI data has also led to a surge in Bitcoin, with the world’s largest digital currency by market cap climbing above $19,000 for the first time since November 8 and eventually closing with a 5.08% daily gain.
Aptos (APT) Price Prediction and Technical Analysis
APT’s recent bullish momentum is evident from the cryptocurrency’s 20-day and 50-day EMAs quickly approaching each other at $4.6388 and $4.7090 respectively.
APT’s Relative Strength Index (RSI) of 81.30 suggests that it may be overbought now, however–a warning for traders to stay vigilant and watch out for signs of a potential reversal. To obtain a more thorough analysis, investors must closely monitor all movements in the price action and trading volume so they can detect whether a confirmation from volume holds up.
The MACD indicator for APT also points toward a bullish trend. The MACD line is currently at 0.4660, while the signal line is at 0.0997. The histogram is also positive at 0.3663, which indicates a significant distance between the MACD and the signal line.
APT is currently trading at $7.04 and rapidly approaching the significant resistance in the range of $7.1620 to $7.2234. If the resistance is not broken, there is a strong support level between $5.1847 to $5.3922. If APT can decisively break through its current resistance, a move towards $10 is a real possibility.
Diversifying Your Crypto Portfolio: Other Options to Consider
So far in 2023, the crypto market is displaying signs of potential recovery. If you are questioning what the best cryptos to buy today are, an excellent practice may be seeking out promising altcoins throughout their presale periods, as prices could be reduced compared to when they hit exchanges. A few noteworthy coins worthy of consideration include MMEMAG, FGHT, and TARO–all set to begin trading in the upcoming months.
Meta Masters Guild (MMEMAG)
Meta Masters Guild (MMG) is an in-development gaming ecosystem and Web3 guild, connecting world-class blockchain mobile games. Players participating in the decentralized platform will be rewarded with MEMAG cryptocurrency for their efforts–and they can own their digital assets on the secure blockchain network. With these incentives offered by MMG, gamers are provided with a unique opportunity to unlock value through engaging gameplay.
MMG is building an entire ecosystem that incentivizes the players to invest their money and efforts, promising fair rewards in return. This project comes with three major aims: a pleasant gaming experience, enduring utility, and increasing participation from the community members.
The company is dedicated to challenging the unethical practices that pervade in the gaming industry by launching an open and fair network. Players can exchange their currency, items, and rewards from games for either money or digital assets through its accessible in-game economy. To begin this initiative, Meta Kart Racers–a PvP/solo racing game developed specifically for mobile devices–will be released first within the ecosystem.
The MEMAG token presale has begun with a successful opening, drawing in investors and quickly approaching the $100K mark.
Fight Out (FGHT)
Fight Out is a forthcoming move-to-earn (M2E) app and gym network that emboldens users to reach their fitness goals with rewards, as well as encouraging community connection. With Fight Out you can create tailored workout plans, monitor your progress, and team up with other members in challenges–all while either exploring an engaging virtual world connected to local gyms.
With Fight Out, members will be able to track their fitness progress in real-time with a soulbound Non-Fungible Token (NFT) avatar. As members reach fitness goals, the digital character will level up and enable members to fight other users for rewards by using their avatars. The idea is to make staying fit fun and engaging.
By 2023, the company will introduce its groundbreaking gym. This state-of-the-art facility equipped with Web3 technology will provide a plethora of fitness options including the latest equipment, along with studio spaces and a health bar along with several co-working spaces. Furthermore, ‘mirrors’ integrated with smart technology will be available to patrons, permitting them to view their personal fitness stats while receiving feedback on their workouts as they go.
Fight Out offers custom-crafted workout plans, monitoring tools to track progress, and analytics for assessing performance. Plus, the Fight Out community will be a spirited hub where members can share their success stories through inspiring content creation and publishing opportunities.
The project has raised a remarkable $2.9 million in presale investments of its FGHT tokens so far; and presently investors can receive 50% bonus tokens for being part of the presale.
Dash 2 Trade (D2T) Dashes Towards Presale Close
Dash 2 Trade is set to shake up the trading landscape in February with its innovative cryptocurrency trading analytics and social tracking platform. Featuring a full suite of features that grant users unparalleled oversight and control, the trading tool will provide traders powerful resources for making informed decisions as well as connecting them to an enthusiastic community.
Dash 2 Trade provides novice traders with the required information to make sound decisions and become educated, while also enabling more advanced investors along with newcomers to leverage automated trading through exchange APIs in order to enhance their strategies. Furthermore, its token presale scoring system allows people to gain early understanding into some of the most attractive tokens available on the market. Key features include real-time sentiment analysis, intuitive tools, and state-of-the-art analytics all within one powerful platform.
Drawing on its parent organization’s 70,000-member international trading community in Learn 2 Trade, Dash 2 Trade will enjoy an impressive following from the start. The team will also strive to ensure a smooth experience for users by actively seeking customer feedback and continuously improving the platform.
Dash 2 Trade’s presale exceeded expectations, raising over $15.4 million, and the D2T token is now available to trade on markets.