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 - EconoTimes)
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.
