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- Aptos price has risen by 60% since September.
- The APT price has departed from the demand zone and is heading toward the last swing high.
- The technical chart indicated a bullish forecast.
Since April, the Aptos (APT) price has displayed sharp selling. It has dropped to the significant support level of $5. Furthermore, the buyers showed involvement, which has generated bullish momentum.
The price has been rising by forming higher highs and higher lows. It has defended the 20-day exponential moving average (EMA).
However, the APT crypto price has reached the crucial $10 mark. It has been consolidating for more than a week. Additionally, it has defended the 20-day EMA. This could play a vital role in the further momentum.
Let’s determine if the Aptos (APT) price will approach the $30 mark after a breakout from this crucial zone.
Has APT Crypto Market Cap Boosted?
Chad Moonmore (@ChadMoonmore), a crypto analyst, claimed that the APT market capitalization has increased. The market capitalization of APT has increased to $5.47 billion.
The market cap of SUI crypto was $5.25 Billion. Regarding market capitalization, the Aptos token has surpassed the SUI, including DAI and LTC.
Technical Analysis of Aptos Price Over 1-D Timeframe
When writing, the Aptos crypto traded at $10.13 with an intraday gain of 2.12%. The 24-hour trading has dropped by 33.58% to $300.08 Million.
Based on the technical chart, the Aptos (APT) price has reached the crucial zone of $10. It has undergone a consolidation phase. If buyers win the battle, then buying momentum can be seen. Getting rid of this zone could clear the way for bullish momentum and may extend to the $20 mark.
On the other hand, if the digital asset price fails to exceed the $10 mark, it could generate a bearish signal. Here, most traders and investors might prefer to book profits. This could lead to bearish momentum.
Turning to the technical indicators, the MACD has generated a death crossover with the Signal line but still holds over the Zero line. The APT crypto price has overcome the key moving averages, which could be a bullish sign.
Could Aptos Price Smash $30 Mark in 2024?
A crypto analyst named Kong Trading (@KongBTC) has claimed that the Aptos (APT) price has the potential to gain 300%. On a wider time frame, the price has generated a strong bullish momentum from the demand zone of $5.
However, it struggled below the $10 mark for the past few months. Investors might show interest if the APT price triggers a breakout from the last swing high. Once the price sustains over the $20 mark, buyers may lift the price to the $30 mark in a few weeks.
Aptos Price Prediction Based on Technical Chart
The Aptos price has reached a crucial level of $10 and is currently undergoing a consolidation phase. Buyers pushing the price above this level could pave the way for a bullish momentum.
This can potentially extend to the $20 mark. On the other hand, failure to exceed the $10 mark could generate a bearish signal.
The MACD has shown a death crossover with the Signal line. However, it still holds over the Zero line. Additionally, the APT crypto price has surpassed the key moving averages, which is a bullish sign.
Given these technical indicators, seeing whether the APT price approaches the $30 mark will be interesting.
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.
