Aptos price prediction suggests bulls are active and may push the price to new swing highs. The recent rally in APT looks powerful and reliable so it may extend further to achieve the $12.00 mark.
In December, Aptos crypto price rose 37% approximately and broke the $10.00 hurdle. However, after hitting $10.00, the price witnessed minor profit booking and retraced back to the 50 day EMA. So, in coming sessions, it will be interesting to see whether the buyers are able to bounce from the EMA support.
If APT bulls pull off a bounce, then price might regain the $10 mark and begin the journey to hit further highs.
However, if the crypto price slips below the 50 day EMA, then it may erode the December gains. Moreover, it may raise concern for its investors who had injected money by seeing $10.00 breakout.
The trend of Aptos cryptocurrency is in the upward direction. However, the price looks mildly overstretched so it is retracing downward for fair price discovery. Currently, Aptos price is trading at $9.5917 with an uptick of 2.18%.
Will Aptos Price Rise Further and Reward Investors?
Aptos price prediction suggests a bounce back is possible. However, the price will gain momentum when buyers are able to push the price above $10 and sustain.
The chart pattern shows that price is cooling down from the overbought territory. So, either price will consolidate or retest the $9.00 breakout level. The aggressive investors could consider the risk and look to buy APT at current levels by keeping the aim of hitting $12.
APT Price is Volatile; Is the Recent Breakout Real?
APT price is volatile and fake breakout and breakdown is quite normal. It is important for the investors to carefully examine and identify the reliability of breakout before building fresh longs.
Therefore, conservative investors should wait patiently for the confirmation of the $10.00 breakout. The analysis suggests, this crypto is in bulls radar and buyers can anytime come forward to push the price upward.
Conclusion
Aptos price prediction suggests the recent rally in APT might extend further and highs may be visible in January 2024. However, it’s important for bulls to keep the price above $10 for the probability of achieving the $12 mark to increase.
Technical levels
- Resistance levels: $11.0166 and $12.0000
- Support levels: $8.2576 and $7.3348
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
Source: https://www.thecoinrepublic.com/2023/12/31/aptos-price-prediction-will-apt-price-go-beyond-12-in-jan-2024/