Aptos (APT) Price Prediction 2023 — Will APT Hit $20 Soon?
- Bullish APT price prediction for 2023 is $14.2397 to $17.6127.
- Aptos (APT) price might reach $20 soon.
- Bearish APT price prediction for 2023 is $8.9291.
In Aptos (APT) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about APT to analyze the future movement of the cryptocurrency.
Aptos (APT) Current Market Status
| Current Price | $12.43 |
| 24 – Hour Trading Volume | $140,796,930 |
| 24 – Hour Price Change | 3.10% down |
| Circulating Supply | 186,962,029 |
| All – Time High | $19.92 (On January 26,2023) |
What is Aptos (APT)?
APT is the native crypto token of the Aptos blockchain. Aptos is a layer-one blockchain that was developed by Aptos Labs. The Aptos mainnet was launched on October 17, 2022, by Aptos Labs.The Aptos network uses a proof-of-stake (PoS) consensus algorithm, which requires validators to have a minimum amount of staked Aptos tokens in order to participate in transaction validation.
Aptos (APT) Price Prediction 2023
Aptos (APT) ranks 30th on CoinMarketCap in terms of its market capitalization. The overview of the Aptos price prediction for 2023 is explained below with a daily time frame.
APT/USDT Ascending Triangle Pattern (Source: TradingView)
In the above chart, Aptos (APT) laid out an ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and a lower trendline that connects the rising lows. If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern.
At the time of analysis, the price of Aptos (APT) was recorded at $12.43. If the pattern trend continues, then the price of APT might reach the resistance levels of $13.7392 and $19.2451. If the trend reverses, then the price of APT may fall to the support of $10.8179, $9.7401..
Aptos (APT) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Aptos (APT) in 2023.
APT/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of Aptos (APT) for 2023.
| Resistance Level 1 | $14.2397 |
| Resistance Level 2 | $17.6127 |
| Support Level 1 | $10.7950 |
| Support Level 2 | $8.9291 |
As per the above analysis, if Aptos’s (APT) bulls take the lead, then it might hit and break through its resistance level of $17.6127.
Conversely, if Aptos’s (APT) bears dominate the trend, the price of APT might plunge to $8.9291.
Aptos (APT) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Aptos (APT) are shown in the chart below.
APT/USDT RVOL, MA, RSI (Source: TradingView)
The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. Also, it helps traders in identifying unusual trading activity and changes in market sentiment.
At the time of analysis, the RVOL of Aptos (APT) was found below the cutoff line. Thus, it denotes a weak volume of participants trading in the current trend.
The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish).
Notably, in the above chart, the APT price lies above 50 MA (short-term), indicating its uptrend. Hence, APT is in a bullish state. Although this is the current state, a trend reversal might occur.
Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state.
Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal.
At the time of analysis, the RSI of APT is at 57.16. Therefore, this indicates APT is nearly in an overbought state. Also, this confirms that APT sends out a buy signal.
Aptos (APT) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Aptos (APT) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI).
APT/USDT ADX, RVI (Source: TradingView)
To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100.
According to the data on the above chart, the ADX of APT lies in the range of 21.9638 pointing out a weak trend.
The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of APT lies above 50, indicating high volatility.
Comparison of APT with BTC, ETH
Let us now compare the price movements of Aptos (APT) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs APT Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of APT is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of APT also increases or decreases respectively.
Aptos (APT) Price Prediction 2024-2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Aptos (APT) between 2024 and 2030.
Aptos (APT) Price Prediction 2024
If bulls dominate the price momentum and trend patterns, then Aptos (APT) might successfully test and surpass its resistance levels to hit $30 by 2024.
Aptos (APT) Price Prediction 2025
The significant upgrades in the Aptos ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Aptos (APT) price to reach $35 by 2025.
Aptos (APT) Price Prediction 2026
If Aptos (APT) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $39.
Aptos (APT) Price Prediction 2027
If Aptos (APT) sustains major resistance levels and stands as a better investment option in the market, then APT would rally to hit $45.
Aptos (APT) Price Prediction 2028
If Aptos (APT) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then APT would hit $52 by 2028.
Aptos (APT) Price Prediction 2029
If investors flock in and continue to place their bets on Aptos (APT), then the crypto would witness major spikes. Hence, APT might hit $56 by 2029.
Aptos (APT) Price Prediction 2030
By 2030, the APT price might rally to $60 if the trend momentum aligns in favor of Aptos. Furthermore, APT would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI.
Conclusion
If Aptos (APT) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Aptos (APT) price prediction for 2023 is $17.6127. Comparatively, the bearish Aptos (APT) price prediction for 2023 is $8.9291.
If there is a positive elevation in the market momentum and investors’ sentiment, then Aptos (APT) might hit $20. Furthermore, with future upgrades and advancements in the Aptos ecosystem, APT might surpass its current all-time high (ATH) of $19.90 and mark its new ATH.
FAQ
1. What is Aptos (APT)?
APT is the native crypto token of the Aptos blockchain. Aptos is a layer-one blockchain that was developed by Aptos Labs.
2. Where can you buy Aptos (APT)?
Traders can trade Aptos (APT) on the following cryptocurrency exchanges such as Binance, CoinW, OKX, Deepcoin, and WEEX.
3. Will Aptos (APT) record a new ATH soon?
With the ongoing developments and upgrades within the Aptos platform, Aptos (APT) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Aptos (APT)?
Aptos (APT) hit its current all-time high (ATH) of $19.90 on January 30, 2023.
5. What is the lowest price of Aptos (APT)?
According to CoinMarketCap, APT hit its all-time low (ATL) of $3.0870 on Dec 29, 2022 .
6. Will Aptos (APT) hit $20?
If Aptos (APT) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $20 soon.
7. What will be the Aptos (APT) price by 2024?
Aptos (APT) price might reach $30 by 2024.
8. What will be the Aptos (APT) price by 2025?
Aptos (APT) price might reach $35 by 2025.
9. What will be the Aptos (APT) price by 2026?
Aptos (APT) price might reach $39 by 2026.
10. What will be the Aptos (APT) price by 2027?
Aptos (APT) price might reach $45 by 2027.
Top Crypto Predictions
- Ethereum (ETH) Price Prediction 2023
- Shiba Inu (SHIB) Price Prediction 2023
- Bitcoin (BTC) Price Prediction 2023
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/aptos-apt-price-prediction-2022-will-apt-hit-10-soon/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
