APT Price Prediction as APTOS Heads Back Toward September High - Big Surge Imminent?

cryptonews.com:

The Aptos price has jumped by 6.5% in the past 24 hours, with its surge to $5.48 coming as the market as a whole drops by 1% today.

APT is now up by 4.5% in the past week, while remaining down by 4% in the last 30 days and by 72% since reaching an all-time high of $19.92 in January of this year.

But with SushiSwap integrating with Aptos this month, and with the layer-one chain continuing to experience steady growth, it's likely that APT will continue to recover over the coming weeks.

APT's rally today has been long overdue, given just how oversold the altcoin had been in recent weeks.

Its relative strength index (purple) had remained below 40 (if not lower) since the middle of August, yet this past weekend it has climbed beyond 50, in a sign of growing momentum that could persist for several more days yet.

That APT has plenty of room to rise further (before becoming overbought) is also indicated by its 30-day moving average, which is still a long way below its 200-day average (blue), meaning that it's still very much in oversold and undervalued territory.

Yet it's clear that the coin had definitely bottomed out prior to today's movement, with its support level now rising steadily.

As such, now really looks like a good time to buy APT, which could potentially return to $5.75 or higher before its current rally slows down in the shorter term.

Aptos is rising now largely because of two things, with the first simply being that it had been undervalued for a while.

Yet it's also worth acknowledging that Aptos has been expanding as a platform, with its most significant piece of recent news being SushiSwap's integration with its network.

This marks SushiSwap's first integration with a non-Ethereum-compatible chain, something which can be