APT price showcased the buying projections and persisted in rising inside a parallel channel in the past few sessions. Moreover, the chart displays the higher highs formation and replicated bulls’ dominance on the charts. Buyers continue to lift the Aptos price and justified their strength by surpassing the hurdles decisively. They are sustaining the gains ahead of the neutral zone. Furthermore, the price action signifies the follow-on buying scenario, which conveys that buyers have gained traction and are preparing to surpass $10.
APT price is trading above the key moving averages and is showcasing buying strength on the chart. Moreover, the price action justified the bullish momentum and suggested that the upward move will continue and that the APT price may reach a swing high of $12, followed by $15. Per the Fib levels, the APT price is trading above the 50% zone and is above the 61.8% zone, showcasing strength on the chart.
The live price of APT crypto is $9.31, with an intraday gain of 8.20%, showing bullishness on the chart. Moreover, the trading volume increased by 16.54% to $519.17 Million. However, the pair of APT/BTC is at 0.000216 BTC, and the market cap is $1.22 Billion. Analysts have maintained a neutral rating, suggesting the outperformance will continue in the following sessions.
APT on Daily Chart Displays Rising Parallel Channel
On the daily chart, APT price recovered the gains from the demand zone of $4.60 and surged over 90% in recent sessions, displaying the investors’ interest. Following the crypto market pump, Aptos price healed decisively, replicating outperformance. Additionally, the ongoing trend shows that buyers are getting ready to scratch the prompt hurdle of $10 soon.
The relative strength index (RSI) curve stayed in the overbought zone and formed a positive crossover, suggesting that buyers persisted in lifting gains and will soon reach the blue sky zone above $12. The MACD indicator showed a bullish crossover and formed green bars on the histogram, suggesting that outperformance will continue in the following sessions.
Weekly Charts Showcasing Trend Reversal
On the weekly chart, APT price retested the bottom zone of $4 and rebounded sharply in recent sessions. Moreover, the technicals are favoring the bulls and suggest that the APT coin price will soon retest the immediate swing hurdle of $20.
Summary
APT price showcased the upward movement and persisted in extending the gains inside the rising parallel channel. Furthermore, the price action shows the higher highs pattern highlighting bullish momentum on the chart.
Technical Levels
Support Levels: $9.00 and $8.80
Resistance Levels: $9.80 and $10.30
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
Source: https://www.thecoinrepublic.com/2023/12/23/apt-price-prediction-will-apt-extend-rally-beyond-hurdle-of-10/