APT, has experienced notable price fluctuations in the intradayRecently, the native token of the Aptos network, APT, has experienced notable price fluctuations in the intraday. Previously this week, APT attempted to break through the resistance level of $10.87 to $11.01, which has remained stable since late April.
At the time of writing, APT is priced at $9.55, reflecting an approx 10% incline over the past 24 hours. Also, based on its price when writing, it has shown a positive trend with a 33% increase over the past month.
Similarly, from the rise seen from the demand zone of $4.74 to the price hen writing, an enormous 110% surge was witnessed. There are optimistic expectations that the price will rise further as the community anticipates the impact of significant milestones.
APTOUSD trade ideas
What Next Aptos Price Can Display Over Technical Chart?
After a marvelous performance in Q1 2024, with prices nearing $20, **Aptos price** faced a downturn in Q2, consistently hitting lower lows.
However, in Q3, the $5 support zone helped stabilize the price, leading to a two-month consolidation period. In September, Aptos broke out of its Q3 range, showing signs of recovery.
Currently, the **Aptos price** is supported by the 20-day, 50-day, and 200-day EMA bands, indicating potential for a significant rise.
Per **APT price analysis**, for cautious traders and investors, the bullish trend can be safely capitalized on if Aptos surpasses the $9.50 mark, signaling a long-term upward trend. Target prices are set at $10.87 and $14.03.
However, if the change of character (ChoCh) fails, a sideways to bearish outlook may continue.
Could Aptos Be The Next Cryptocurrency To Explode In October?Could Aptos Be The Next Cryptocurrency To Explode In October?
The weighted sentiment curve has entered the bullish territory indicating a renewed investor confidence.
The daily chart highlights a breakout of a long three month consolidation preparing Aptos for a rally.
Following the broader market optimism, Aptos (APT) also kicked off from the bottom and has broken out of a consolidation phase. With just few days remaining in September, Aptos is back on track for some explosive move in the upcoming session.
Over the past week, Aptos has witnessed a 35.58% gain triggering a breakout of a long three month consolidation phase. At the time of writing, Aptos was trading close to $8.07 recording a mild intraday loss of 0.97%.
Moreover, the inflow from derivatives segment has seen a surge with the weighted sentiment turning positive has sparked speculation of a strong move in Aptos. On the positive side, Aptos price could reach as high as $10. But how realistic is the projection?
Aptos Sees Uptick in Demand: Will It Continue?
Over the past week, the transaction volume has surged from $73 Million to $286 Million. This represents a volume growth of nearly 400% a week indicating a heightened demand. the volume to market ratio has surged to 6.08% indicating mild volatility.
Furthermore, the positive sentiments have surged in the recent sessions due to which the weighted sentiment curve has entered the bullish territory. The weighted sentiment curve reflects a combined biasness of the investors whether they ae bullish or bearish over Aptos at the moment.
As per Santiment, the recent sessions saw a shift of weighted sentiment curve from bearish to bullish indicating a positive outlook ahead.
Additionally, the open interest of Aptos has surged from $75 Million to $121 Million indicating a growth of 61% over the week. A 60% rise in the OI data shows that the derivatives traders have also played a significant role in the breakout of Aptos.
Aptos Price Analysis: Is $10 Level The Next Stop?
A closer at the previous price action shows that Aptos had been in a correction phase since mid April and has dropped by over 65% till July 2024. However, Aptos did not lose much in the last three months and stayed in a consolidation zone.
The recent sessions have noted a breakout of a consolidation zone flipping the recent resistance of $7.5 level into a support one. Over the daily chart, Aptos has made breakout of key 200 day Exponential moving average shifting long term narrative to the bullish side.
The short term trend outlook is also bullish which may attract the investors. On the higher side, Aptos price may continue to rise till the next supply of $10.2 indicating a potential gain of 25% from the CMP. However, it requires addition of buying volumes at the lows.
At the time of writing, the RSI line was placed close to 68.36 points and that of the 14 day SMA line was placed close to 57.3 points. Both the RSI and SMA line were placed above the mean line indicating a bullish territory. Also, a golden crossover between both the lines can be clearly observed indicating a trend continuation at the moment.
sustained confidence in its upward trajectoryIn intraday trading, APT's price surged nearly 12%, with weekly gains reaching 18% from the demand zone. This bullish momentum propelled the price past the short-term resistance levels of the 20-day and 50-day EMA bands effortlessly, and it is now approaching the 200-day EMA band.
At the time of writing, APT is trading at $7.20 with a market cap of $3.60 billion, ranking 26th in terms of market cap.
This large-cap cryptocurrency has benefited from Bitcoin's positive momentum and is currently riding a wave of optimism.
However, sustained confidence in its upward trajectory will be confirmed once it surpasses and holds above the change of character level (ChoCh).
Therefore, if APT can break through and maintain above the 200-day EMA band and the $8 resistance level, it will solidify the bullish sentiment for future trading sessions.
Aptos Trade Idea - Aptos has bounced back quite strong where it has yielded more than 25% in a week
- Aptos can soon mitigate 10$ as well only if we sweep above 7.6$ on a daily timeframe and continue to stay above the same by either consolidating or by making a weekly close above that
- Make sure that you don't get trapped in longs by simply longing it right after the sweep it can be a liquidity grab as well so stay a little cautious
- My overall bias for Aptos is bullish and I soon see it piercing 10$ and 16$ as well on a quarterly horizon
- Hold your spot wallet and do not try to leverage much and don't even try to short the market
Aptos (APT) Price Soars 16% Higher Amid $20 Million InflowsAptos (APT) Price Soars 16% Higher Amid $20 Million Inflows
Meta Description: The recent surge in the Aptos price was accompanied by a significant inflow in the derivatives contracts
The Open Interest contracts have witnessed a rise of nearly 50% in the last couple of sessions.
At the time of writing, Aptos price was up over 16% a day, exchanging hands close to $6.60.
Aptos price gained traction and noted a massive 16% rise today. The recent surge has amplified the possibility of a bullish reversal in the crypto. Aptos price has performed extremely well in recent sessions rising over 25% a week.
Moreover, the recent surge in the APT price seems to have been accompanied by a significant inflow in the derivatives contracts. As per the analysts the derivatives contracts have noted a robust growth of over 50% thus driving the price closer to the higher swings.
Despite the recent efforts, Aptos has still not invalidated the higher supply which adds a risk of selloff at the higher levels. At the time of writing, Aptos was trading close to $6.6, recording an impressive 16% rise in Intraday.
Open Interest Contract Spikes By 50%
Aptos price has performed extremely well in recent sessions adding nearly 25% a week. Earlier, the crypto noted a nearly 30% crash in tandem with the broader markets fall. However, the recent recovery has been quick and loaded with momentum indicating the possibility of a trend continuation.
Source: app.santiment.net
As per the analysts, the recent price surge has been largely driven by the derivatives traders. The last couple of sessions saw a notable 50% rise in the open interest data indicating a strong comeback by the buyers.
The Number open contracts were nearly $45 Million as recorded on 10th August. However, the number of open contracts jumped dramatically to $7 Million as observed by the analyst today indicating a nearly $22 Million rise. A rise in the open contracts often indicates a continuation in the price of the asset.
Can Aptos Head For A Bullish Reversal?
The short trend Outlook for Aptos has reversed to the bullish side after a strong surge in the recent sessions. The price has reclaimed above the 50 day exponential moving average indicating a sign of optimism in the short term.
However, APT price lags nearly 19% from the 200 exponential moving average indicating weakness in the long term. However, the long term trend may also shift the bullish side, if APT price continues to conquer higher levels with momentum.
On the higher side, the price has potential space of nearly 20% if it surpasses the recent supply of $7.5 level. Also, if the selling pressure exceeds and drags the price below the $4.9 level, it may invalidate the bullish scenario and may extend its decline towards the $4.5 level.
Aptos price surged 16% today, increasing the probability of a potential bullish reversal. The asset has risen over 25% in a week, recovering from an earlier 30% crash. Moreover, the recent price surge is largely driven by a 50% increase in derivatives contracts. The OI data has surged from $45 million to $67 million in the last couple of sessions.
Furthermore, the short-term outlook is bullish, with the price trading above the 50-day EMA, but it lags 19% behind the 200-day EMA. Now, If Aptos surpasses $7.5, it could gain another 20%. However, falling below $4.9 could lead to a decline towards $4.5.
Aptos 1D Technical Analysis - Major Altcoins are also seeing liquidity getting sucked out of them
- I consider Aptos, currently priced at 4-5 dollars, to be a strong buy.
- If you are looking for a long term swing pick then APT looks fair to me
- BTC Dominance has almost made its TOP
- I don't think we should fall beneath 4$ for aptos
- Consolidation and basing is going to be a part of Aptos's Price Behaviour so make sure that you do not get swept out
- Always manage risk properly
bullishness could prevail in APTOn the daily chart, The Aptos exhibited a significant price movement. Starting from a demand level of $4.75 in Mid-October 2023, APT displayed a substantial rally. It eventually reached $19.50 by March 26th, breaking through the resistance level of $10.50 (a barrier tested several times previously).
However, the peak point at $19.50 proved unsustainable, and the price began to decline on March 27th, establishing a new support level at $6.50 by June 18th, where an ascending trendline support was also present.
Aptos (APT) Price Forecast!
At press time, the APT price traded at $6.96 with an intraday gain of 0.72%.
If the APT price manages to increase successfully from the current level and knocks out the dynamic resistance in the course, the nearest targets would be $8.00 and $10.0.
On the contrary, If the APT price fails to manage the current support level of $6.50, it could reach the $5.75 and $4.75 price mark.
What Do Aptos (APT) Indicators Highlights?
Its Indicators are presenting bearish signals due to a lack of liquidity, and the major trend was bearish, as the MACD has been in formed a bearish crossover with the histogram at -0.13, which is close to the zero line. The price is below the 50-day and 200-day EMAs, and the RSI at 31.96 shows a minor tilt upward that shows the possibility of the RSI curve taking a U-turn from oversold to the overbought zone.
These technical indicators in Aptos suggest a bearish angle, but a minor tilt upwards in RSI signifies some bullishness. As per the price action, the price is at a crucial level, and one massive liquidity candle could initiate an up move that could surpass the dynamic resistance as well. So, the current bearish signal could be false due to a lack of moment in price, and bullishness could prevail.
Aptos crypto has experienced a surgeThe Aptos crypto has shown a wonderful surge from the $5.0 demand zone to the $19.0 supply level by March end of 2024. the Aptos crypto failed to sustain at the top and deteriorated from April onwards and formed support at $7.75 by mid-may.
The APT crypto has revealed a sign of recovery as the price spiked from a crucial level of around $7.75 on the chart.
The APT crypto appears set for a colossal surge, as it gears up to crack the resistance level and elevate towards higher levels.
Similarly, the Aptos asset is exhibiting bullish strength and rising capacity as it approaches major 50-day and 200-day EMA's to cut from below.
Likewise, the APT asset is displaying bullish behavior, as MACD was at -0.07 with a bullish crossover and the RSI glared at 56.75, which was not near the 70 level yet, meaning that the Aptos asset could extend its gains more.
Overall, theAPT asset has showed various bullish signs and has the potential to grow further. Even it has performed well in the past week by 17.53%, which could be the start of a strong uptrend, ahead.
Aptos Price Forecast!
The Aptos crypto has experienced a surge of 5.64% in the last 24 hours, and traded at $9.55.
Therefore, if the demand for the crypto increases higher, the APT asset price could bounce back from the current level. The next goal for the price could be to reach $9.65, and moving beyond the previous swing high the other target would be at $14.0.
However, if the Aptos crypto price fails to stay above the $7.75 level, it could decline further, as well.
Aptos Swing Long Positional Trade - Aptos is currently trading at its weekly demand zone
- Aptos is fundamentally strong with a good development team and the only thing that is a little concerning is its total supply and its unlock
- From a technical perspective I find Aptos trading at an extreme zone
- Watch out aptos at this zone you can add positional swings
- I see an easy 100% from here in a quarter
APT/USD - Weekly OverviewThe technical chart of Aptos (APT) token reflects the initial buying volume gathered which led to its new all-time high. However, since then, the coin has faced significant selling sentiment at regular intervals which eventually led to a downfall below the 0.236 FIB level. Since then, the price level was not able to have a positive breakout above the Fibonacci level.
Considering the technical indicators, it could be noticed the RSI level had a hard time sustaining above the level of 50 which implies that APT had not received constant buying volume from investors. The same goes for the MACD level which barely spent time above the histogram. However, considering the current trend, green bars have started to formulate on the histogram which could provide Aptos some positive momentum in the near term.
Overall, the price level needs to have a positive breakout above the resistance levels of $5.00 and $6.00. On the contrary, if it faces further downfall, support levels can be placed at $4.00 and $3.00.