- Prices rose by more than 505 in the past week.
- Aptos network partners with Moralis to bring APIs.
- Volume increased by nearly 90%.
Aptos Network steps into a collaboration with the Moralis community. The alliance is aimed to bring Web3-leading Application Programming Interfaces (APIs) to the Aptos Network. This should make developing easier on the move-based blockchain.
Moralis brings various things to the table, including Aptos support for all existing API node wrapper endpoints, building dedicated Aptos APIs and Aptos support to Moralis Streams. The tweet revealed all significant details about the partnership. The native token, APT, surged in response to the disclosure as holders anticipate an improved network for the APT fam.
1/ Hey Moralis community!
Soon, developers will be able to build and deploy apps at scale using @MoralisWeb3, the leading web3 development platform that offers everything needed to create, launch and grow in one place!
— Aptos (@Aptos_Network) January 17, 2023
The picturesque
The prices for the APT token ascended as the partnership was unveiled. Token buyers swamped the trading volume as they wished to accumulate for the upcoming bull run. The OBV shot up to reflect the response received was optimistic. The EMAs form a bullish crossover (green circle) with 20-EMA above the 50-EMA. The current price of $7.82 is expected to rally, reaching near $10.00.
The CMF rises to higher ranges in the positive zone to mark the bullish influence on APT prices. The MACD records ascending buyer bars as the lines undergo a bullish divergence, indicating an improved buyer interest. The RSI hangs from the overbought zone to mirror the buyer dominance in the market.
The peephole
The smaller time frame suggests the price might face a staggered rally, as many holders place selling orders to book early profits. The CMF stoops down closer to the baseline showing the neutral market. The MACD records a thread of sellers creating selling pressure in the market while the lines diverge for the bears. The RSI slips to hold a spot close to the half line, reflecting a neutral market.
Conclusion
The Aptos market is ready for the new partnership to work wonders for the ecosystem. APT holders anticipate a soaring high rally that may reach near the ATH of $100. Investors must keep a keen watch on the support and resistance zones.
Technical levels
Support levels: $3.08 and $5.27
Resistance levels: $10.00 and $15.02
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/01/19/apt-shakes-hand-to-enhance-the-network-prices-celebrate-the-collision/