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- The Aptos Price has performed positively and surged by 37% last month.
- The market capitalization is $2.48 billion, and according to the market cap, it ranks 29th in the cryptocurrency market.
Aptos (APT) price has surpassed the $10 mark with a solid bullish candle of 24.46%, indicating the buyers’ strength. The APT crypto price has dropped by 10% from the recent high, which can be converted into a pullback if buyers remain positive.
The Aptos price has been bullish for a month and would gain 30% to reach the $15 mark. The price has faced resistance from the $13 mark and is struggling between $11.50 and $13 for five days.
At the time of writing, the current market price of Aptos is $11.65, which is up by 0.34% in the last 24 hours. The trading volume is $285.16, with a gain of 6.45% in the past 24 hours. The circulating supply is 368,012,633 APT, and the total supply is 1,084,121,325 APT.
The RSI is at 63, which is currently declining from the overbought zone, showing the seller’s interest. Aptos price is trading far over the significant moving average, showcasing the positive trend.
The APT Crypto price is at Multi-day High; What’s Next?
On a daily time frame, the Aptos crypto has been in a bullish trend, giving a solid breakout after consolidating in a parallel channel. Yesterday, the price dropped by 11.80% and took support on the 20-day moving average, but buyers lifted the price over the $11.50 mark.
If the APT price fails to defend the $11.50 mark, it may drop to the $10 level for retesting. But if the price slips below the $10 level and sustains, the previous gains can be eroded. The sellers will become confident, and a bearish trend can be expected.
Alternatively, if the APT crypto price surpasses the last recent high, buyers will hold the grip, and it will easily approach the $15 mark. But if the Aptos crypto price reaches $15 and sustains, investors may become confident, leading to a trend reversal on a wider time frame.
Technical Analysis of APT Price on 4-H Timeframe
In a 4-H time frame, the Aptos price has formed a descending triangle pattern. According to the price action, if the Aptos price gives a breakout from the descending triangle and surpasses the $12.50, the trend will continue. As it reaches the last wing high then bullish momentum for the short term can be initiated.
On the other hand, if the APT crypto price fails to defend the support level of $11.30, the sellers will drag down the price to the $10 level, which will lead to converting the recent gain into a loss. If the selling pressure is observed, the buyers will be trapped at the high.
Conclusion
Based on the technical analysis of APT crypto price on various timeframes, it can be observed that the price has been in an upward trend and is currently trading above the significant moving average. The RSI is currently declining from the overbought zone, indicating some seller’s interest. However, if the buyers remain positive, the price may continue to rise and reach the $15 mark.
Technical Levels
Resistance: $12.40 & $13.50
Support: $10.30 & $9.00
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
