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The Aptos price pumped over 11% in the last 24 hours to trade at $11.05 as of 11:24 p.m. EST.
That’s after Aptos announced a partnership with MEXC to launch a series of events centered around APT. Through this collaboration, investors will be offered a total prize pool of up to 1.5 million USDT. The event started yesterday, and is open to anyone.
The Aptos Price Attempting To Clear Another Technical Barrier
4-hour chart for APT/USD (Source: GeckoTerminal)
The Aptos price surged past the $10.20 resistance and is now attempting to flip the barrier at $10.89 into support. Should the altcoin clear this threshold, it could have a strong technical platform to rise off from. Traders might therefore push APT up to the next major mark at $11.55.
On the other hand, sellers preventing a 4-hour candle close above $10.89 for the next 12 hours could invalidate the bullish thesis. In this alternative case, the Aptos price might undergo a correction to the aforementioned $10.20 mark. If bears decide to exert pressure on the crypto’s price should it fall to this point, then APT could end up dropping to $9.66 in the short term.
The Aptos Price Still Showing A Lot Of Bullish Strength
Technical indicators on APT’s 4-hour chart suggest the altcoin’s price could keep climbing through the course of the next trading day. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing positive signs.
In the last 24 hours, RSI readings have risen to indicate that bulls have grown stronger. Although the current reading at 74 warns that APT is overbought, the positive slope of the RSI line suggests traders might not have any intention of realizing their profits in the next few hours.
Meanwhile, the MACD line crossed above the MACD Signal line. This specific technical event is usually seen as an indication that a crypto has entered a short-term positive trend. With the gap between the two technical indicators growing, it seems APT’s bullish momentum is growing stronger. This could be followed by a continued increase in the Aptos price.
APT is not the only crypto pulling investors in at the moment as layer–2 meme coin Pepe Unchained (PEPU) charges towards the $22 million fundraising mark in one of the most successful ICOs of the year.
Elevating PEPE To The Next Level
Pepe Unchained (PEPU) is on a mission to free PEPE from the congested Ethereum network, which is why it comes with its own Layer 2 blockchain.
Up until now, the OG meme coin’s fans have had their loyalty tested with high fees and slow processing times on the old, clunky, Layer 1 Ethereum network.
Once the project has freed PEPE from its Ethereum shackles, it will open up its blockchain to the rest of the meme coin space, essentially providing a scalable framework to usher the lighthearted sector of the crypto space into a new era.
In addition to the elevated speeds and slashed fees, Pepe Unchained will also unlock unprecedented amounts of utility in the meme coin space. This follows the project’s launch of a developer grant program, which will let approved developers build meme coin-centric decentralized applications (dApps) on the Pepe Unchained network.
Investors can also stake PEPU tokens for an annual return of 105%
With everything the project has to offer to the booming meme coin space, it’s easy to see why crypto YouTuber ClayBro, with 130K subscribers, compares Pepe Unchained to Pepe (PEPE), the third biggest meme coin with a market capitalization of $4.3 billion.
Whale Scoops Up Another $50K Worth Of PEPU
Pepe Unchained’s ongoing presale has gone parabolic, raising over $21.5 million already. This impressive fundraise includes several purchases from crypto whales, including the latest $50k buy on Oct. 22.
Pepe is the painter.
The blockchain, his canvas.
The ecosystem, a work of fine art. 🖌️ pic.twitter.com/ZHXnA4YODw
— Pepe Unchained (@pepe_unchained) October 21, 2024
Selling for $0.0115, PEPU can be bought with ETH, USDT, BNB or bank card. Interested investors should buy before a price hike in a little more than a day.
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