Is APT Crypto Ready For a Bullish Move?

The Aptos price holds higher on grounds on the earlier sessions of Friday and trades near the upper boundary of the consolidation zone. The crypto noted a strong buying near the 50-Day EMA on Thursday which helped to recover losses in the earlier sessions.

At the time of writing, the APT crypto was at $9.308 with a swift intraday gain of 0.95%. It has a market capitalization of $3.15 Billion and ranks 25th among all cryptos. The volume to market cap ratio is 5.03% signifying mild volatility. 

Moreover, APT crypto price remained calm for the whole week as no major movements were noted on the charts for the whole week. The crypto maintained a consolidation for the whole week and held itself at the higher levels indicating early signs of a breakout. 

Bulls might wait before buying beyond the $9.5 level after which the crypto could break out of its consolidation phase and resume its uptrend.

Aptos Trend Analysis

The long term trend demonstrates a positive outlook for the past three months with the price forming an upward trajectory. The APT crypto turned around from bearish to bullish in October 2023 and attained a high of $11 in January 2024. 

A double top pattern was observed in the first week of January 2024 after which APT crypto price lost its bullish momentum and entered a correction phase. The price consolidated in a $1.5 range and still stuck in it. 

Currently, the Aptos crypto is holding near the higher boundary of the range indicating a potential breakout. On the lower side, the 50-Day EMA is acting as a support and surging the price higher. 

Now, any breakout above the $9.5 level may indicate the end of consolidation and the crypto may surge higher to resume its uptrend. However, if the sellers dominate gain near the higher it may extend the consolidation. 

At the time of writing, the RSI was at 54.24 points, and the 14-day SMA line was at 48.51. Both the RSI and 14-day SMA line are placed near the median line indicating slight bullishness in the short-term trend.

Aptos Price Prediction for February 2024

The positive view of analysts predicts an upside potential of over 18.3% by February end, which could take the Aptos price above the $11.02 mark. On the other hand, the bearish view of analysts predicts that the price could drop near $8.02 level.

Aptos Price Prediction for 2024

The price prediction for 2024 shows that the Aptos may advance to a high of $15.76 by the end of 2024. The less optimistic analysts estimate a price target of $12.63 by the end of the year.

Aptos Price Prediction for 2025

As per the most positive view of our analysts, the price may hit the $24.27 mark, suggesting an upside potential of 161.6% by 2025. The pessimistic view is that the price could reach $16.83 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. 

Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.