{"id":378902,"date":"2023-03-04T15:10:07","date_gmt":"2023-03-04T15:10:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=378902"},"modified":"2023-03-04T15:10:07","modified_gmt":"2023-03-04T15:10:07","slug":"aptos-price-prediction-this-reversal-pattern-prepares-apt-for-an-87-breakout","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/aptos-price-prediction-this-reversal-pattern-prepares-apt-for-an-87-breakout","title":{"rendered":"Aptos Price Prediction: This Reversal Pattern Prepares APT For An 87% Breakout"},"content":{"rendered":"

Aptos (APT) price was trading with a bullish bias for the first 25 days of January before a bearish resurgence interrupted the uptrend. A lot of uncollected liquidity around $18.99 caused the price to decline. This caused the token to lose almost 46% in value to date. Resultantly, the Aptos price action since January 26 has formed a falling wedge pattern, with bulls eyeing an 87.64% breakout to $22.0. Is it the right time to buy APT?<\/p>\n

Aptos is a\u00a0Layer 1\u00a0Proof-of-Stake\u00a0(PoS<\/a>) blockchain utilizing a\u00a0smart contract\u00a0programming language christened ‘Move.’ Move is a Rust-based programming language designed autonomously by Diem blockchain engineers from the Meta (formerly Facebook) ecosystem. The network’s vision is a blockchain that delivers mainstream adoption to\u00a0web3. This is\u00a0while empowering an ecosystem of\u00a0decentralized applications (Dapps<\/a>)\u00a0to solve real-world user problems.<\/p>\n

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Aptos aims to create universal and fair access to decentralized applications for billions of people through a safe, scalable, and upgradable blockchain.@Aptos_Network<\/a> uses parallel execution making it extremely fast and scalable and is already home to over 200 dapps! \ud83d\ude80 pic.twitter.com\/txLWabFOuY<\/a><\/p>\n

— Lava Network \ud83c\udf0b (@lavanetxyz) March 2, 2023<\/a><\/p><\/blockquote>\n