Aptos Rebounds From 50 EMA Support: Bullish Scenario Unfolds

Aptos price regained its traction and advanced to conquer the round level of $10 after dropping towards $8 on Friday. The bulls were trying to get out of the bearish territory and managed to surpass the 20-Day EMA on Thursday. However, the price closed in red on Friday, falling back to bearish territory, again.

Furthermore, the bulls made a comeback after a short decline earlier today and snapped yesterday’s loss. The price is continuing further above Friday’s high and added over 10% to its market cap at the time of writing.

The price surge today has pushed the sellers on the backfoot. The bulls have regained momentum and may reclaim the upper levels soon. The break above the recent swing high may trigger a short covering among the sellers.

Aptos Crypto Price Technical Analysis

Moreover, the APT price analysis in the broader term shows a bullish bias with the price taking some short term pullbacks. The price experienced a strong positive bias in the past three months and rose further, gaining support from the short term (20-Day EMA).

The most recent price action shows that APT/USD has broken above the 50% retracement level and the previous high at $9.63, indicating the continuation of the uptrend.

From a technical perspective, the price surpassed all the key EMAs indicating the complete domination of buyers in the short term. At the time of writing, the RSI was at 57.61 points, headed to attain higher levels. The SMA line was at 53.04 and is hovering above the mean line suggesting a strong outlook.

Aptos Price Volume Analysis

Moreover, the APT crypto volume analysis shows that it recorded $101.9 Million in volume over the last 24 hours, which is 20.2% more than Friday. The crypto recorded a market cap of $2.667 Billion and ranked 36th among all the cryptos.

The volume to market cap ratio is 3.92%, suggesting low volatility.

Aptos Price Prediction January 2024

The long-term trend for the APT crypto is positive which may attract the buyers at every dip to resume its bullish trend. As the most optimistic view of our analysts, the APT price could reach a high of $11.92 by the month end. 

The bearish view of analysts hopes for the breakdown below the 200-Day exponential moving average after which the price may drop to a low of $6.93. 

Aptos Price Prediction 2024

The price prediction for 2024 shows that Aptos crypto may advance to a high of $18.954 by the end of year 2024. Whereas, the less optimistic analysts estimate a price target of $14.511 by the end of year 2024.

Aptos Price Prediction 2025

By the next two years, the Aptos cryptocurrency price may attain higher highs if the positive trend continues to prevail. On the most optimistic note, the price may attain $26.75 suggesting an upside potential of 161.36%. The most pessimistic view expects the price could reach $21.40 by the end of the financial year 2025.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.