Home
News
- 1 Aptos price prediction suggests that the consolidation will end soon and range expansion is likely.
- 2 APT price is struggling to sustain above the 50 day and 200 day EMAs.
- 3 Aptos crypto price formed a strong base near $7.00.
Aptos price prediction is mildly bullish for December and suggests range expansion is likely. APT price had consolidated for a quite long time near $7.00 and formed a strong base. So, buyers are active and trying their best to push the price upwards.
Mid-November, APT crypto price tried to break the high range. But due to the strong presence of sellers, the attempt failed and the price was thrown back to the range.
The 50 day EMA reversed upwards and attempted to positively intersect the 200 day EMA. If the crossover happens, then price might gain momentum.
The trading volume is in the decreasing phase which indicates the lack of new buyers. So, investors need to watch out for a break out of the $8.00 level, because a breakout with low volume usually turns out to be a trap.
Aptos crypto needs whales and genuine buyers’ participation to take control over the supply zone. Else, price will continue to consolidate and underperform compared to the overall crypto market.
Currently, APT price is trading at $7.583 with an intraday rise of 0.17%. The 24 hours volume to market cap stands at 5.61% suggesting that enough liquidity is available in Aptos.
Will $8.00 Breakout in Aptos Price Trigger a Rally?
Aptos price prediction favors the bulls and suggests a short term rise is possible in the coming months. The next directional move in APT will be visible when buyers are able to break out of the $8.00 hurdle.
Furthermore, if BTC price climbs above the $40K mark, it will trigger the positive sentiments and indirectly impact the price of APT and other altcoins.
Till the Aptos price sustains above the $6.00, the buyers will remain active and the probability of a breakout will be high. The analysis suggests investors should buy APT only after the $8.00 breakout; till then it’s better to wait and watch.
APT Price is Forming a Bullish Hammer Candle
APT price is forming a bullish hammer candle on the weekly chart. It shows the presence of bulls at the lower levels. Presently, the price is stuck into a range. So buyers need to push the price higher to win back the investor confidence.
The MACD curve sloping sideways indicates lack of direction, so consolidation might continue. Whereas, the RSI at 55 favors the bulls and suggests price is ready for a sharp up move.
Conclusion
Aptos price prediction is mildly bullish and suggests a rise in December. But the price will gain momentum when buyers are able to break the $8.00 hurdle. The analysis suggests, till the APT crypto price holds $6.00 support, the probability of breakout will remain high.
Technical levels
- Resistance levels: $8.0313 and $9.3937
- Support levels: $6.5000 and $6.0000
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.
