On August 9, Aptos Labs announced that it was partnering with Microsoft in order to drive Web3 into the mainstream. Aptos Labs will introduce Aptos Assistant, which will help bridge web2 to web3 for everyday internet users.
Aptos and Microsoft also agreed to explore various solutions, such as tokenization and Central Bank Digital Currencies (CBDCs) to advance the adoption of web3 further. Shortly after the announcement, the APT price bounced by 15%, in an upward movement that is still ongoing.
Can Aptos (APT) Price Break Out From Resistance?
The technical analysis from the daily time frame shows that the APT price broke out from a descending resistance line on July 1. Before the breakout, the line had been in place for 155 days.
However, the APT price failed to sustain its upward movement. Rather, it was rejected by the $8 resistance area and fell below its breakout level. This occurred despite the Aptos daily active users…
