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- 1 Aptos price (APT) declined 1.12% in the past 24 hours and currently trades at $5.27.
- 2 The daily chart illustrates a consolidation of over 35 days.
- 3 APT price suffered rejection from the 50-day EMA and declined.
Aptos crypto price is down by nearly 1.12% intraday. The daily chart demonstrates a consolidation going on near the recent swing low. The consolidation has been over 35 days with the bulls and bears fighting to dominate the trend.
Aptos price analysis illustrates that the APT price has shown bearishness in the last two months. The price declined near the previous swing low wiping the previous gains of the last two months. The 50-day EMA acted as a major dynamic support for the Aptos crypto price.
The overall crypto market is bullish in the short term. The Aptos crypto may benefit from it if the price shows a breakout. The breakout above $5.6 may invite more intraday buyers and the price may surge to the 200-day EMA.
The technical indicators suggest that the APT price currently suffered rejection from the 50-day EMA indicating the presence of sellers near the upper levels. The Aptos price must surpass the 50-EMA to show an optimistic trend.
Aptos Price Maybe The Next Gainer
The average analyst price target for APT token in 2023 is $7.06, which represents a potential upside of 34% from the current price. However, there is a wide range of analyst price targets between $3.94 to $9.96.
The volume analysis shows that APT crypto received $44.79 Million in volume in the past 24 hours, which is 11.96% less than the last day. The crypto holds a market cap of $1.25 Billion and ranks 37th in the crypto market. The volume to market-cap ratio is 3.53% indicating low volatility in the market.
Technical Indicators Show Indecisive Trend At The Moment
MACD lines are showing a bearish crossover. The histogram bars are being formed of negligible height indicating a consolidation and an indecisive trend at the moment.
The EMA analysis shows that the APT price trades below the 200-day EMA indicating a long-term bearishness. The APT price suffered rejection from the 50-day EMA indicating the presence of sellers near the EMA.
Conclusion
Aptos crypto price is consolidating near the recent low for 35 days. The price is below the 50-day EMA and shows bearishness. The price may rise if it breaks above $5.6 and reaches the 200-day EMA. The average analyst price target for 2023 is $7.06, which is 34% more than the current price. The volume-to-market-cap ratio is low, indicating low volatility. The market cap of Aptos is $1.25 Billion and it ranks 37th in the crypto market.
Technical Levels
- Support Levels: $4.876 and $3.954
- Resistance Levels: $5.639 and $7.101
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
