Aptos is Trading -10.63% Below Our Price Prediction for May 17, 2023

Aptos is Trading -10.63% Below Our Price Prediction for May 17, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Aptos is down -3.09% today against the US Dollar
  • Aptos is currently trading 10.63% below our prediction on May 17, 2023
  • Aptos dropped -28.83% in the last month and is down -41.28% since 1 year ago
Aptos price$ 8.06
Aptos prediction $ 9.02 (11.88%)
Sentiment Bearish
Fear & Greed index 49 (Neutral)
Key support levels$ 7.81, $ 7.53, $ 7.12
Key resistance levels$ 8.50, $ 8.90, $ 9.19

APT price is expected to rise by 11.88% in the next 5 days according to our Aptos price prediction

is trading at $ 8.06 after losing -3.09% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.14% in the same time period. APT performed well against BTC today and recorded a 0.77% gain against the world’s largest cryptocurrency.

According to our Aptos price prediction, APT is expected to reach a price of $ 9.02 by May 17, 2023. This would represent a 11.88% price increase for APT in the next 5 days.

APT Price Prediction Chart

Buy/Sell Aptos

What has been going on with Aptos in the last 30 days

Aptos has been displaying a negative trend recently, as the coin lost -28.83% in the last 30-days. The medium-term trend for Aptos has been bearish, with APT dropping by -40.01% in the last 3 months. The long-term picture for Aptos has been negative, as APT is currently displaying a -41.28% 1-year price change. On this day last year, APT was trading at $ 13.73.

Aptos reached its all-time high price on Jan 30, 2023, when the price of APT peaked at $ 19.86. The current APT cycle high is $ 8.10, while the cycle low is at $ 7.75. APT has been displaying high volatility recently – the 1-month volatility of the coin is at 12.26. Aptos recorded 14 green days in the last 30 days.

Aptos technical analysis for today – May 12, 2023

The sentiment in the Aptos markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 7.81, $ 7.53 and $ 7.12, while $ 8.50, $ 8.90 and $ 9.19 are the key resistance levels.

Bearish sentiment for Aptos

4 indicators are currently signaling a bullish prediction for Aptos, while 21 indicators are showing a bearish forecast. With 84% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Aptos.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 49 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Aptos moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Aptos is positioned in the market right now.

PeriodDaily SimpleDaily ExponentialWeekly SimpleWeekly Exponential
MA3$ 8.37 (SELL)$ 8.10 (SELL)
MA5$ 8.54 (SELL)$ 8.36 (SELL)
MA10$ 9.15 (SELL)$ 8.85 (SELL)
MA21$ 9.73 (SELL)$ 9.59 (SELL)$ 10.73 (SELL)$ 10.50 (SELL)
MA50$ 10.89 (SELL)$ 10.55 (SELL)
MA100$ 12.13 (SELL)$ 10.76 (SELL)
MA200$ 9.31 (SELL)$ 10.27 (SELL)
PeriodValueAction
RSI (14)29.37NEUTRAL
Stoch RSI (14)45.78NEUTRAL
Stochastic Fast (14)17.11BUY
Commodity Channel Index (20)-66.67NEUTRAL
Average Directional Index (14)26.93BUY
Awesome Oscillator (5, 34)-1.79NEUTRAL
Momentum (10)-1.82NEUTRAL
MACD (12, 26)-0.13NEUTRAL
Williams Percent Range (14)-82.89BUY
Ultimate Oscillator (7, 14, 28)40.05NEUTRAL
VWMA (10)9.35SELL
Hull Moving Average (9)8.26BUY
Ichimoku Cloud B/L (9, 26, 52, 26)10.60NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Aptos is at 29.37, suggesting that APT is currently oversold.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Aptos over the last 50 days. Currently, Aptos is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the APT closing price for the last 200 days. APT is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Aptos prediction

After considering the above factors, we can conclude that the current forecast for Aptos price prediction is Bearish. APT would have to increase by 11.88% to hit our $ 9.02 target within the next five days. Moving forward, it will be important to monitor the APT market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Aptos price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Source: https://coincodex.com/article/26979/aptos-prediction-may-12-2023/