In this Aptos (APT) price prediction 2023, 2024-2030, we will analyze the price patterns of APT by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Aptos (APT) Current Market Status/h2
APT Current Market Status (Source: CoinMarketCap)h2 What is Aptos (APT)/h2
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.
h2 Aptos 24H Technicals/h2
(Source: TradingView)
h2 Aptos (APT) Price Prediction 2023/h2
Aptos (APT) ranks 31st 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.
In the above chart, Aptos (APT) laid out a rounding bottom pattern. The price movements form a pattern that resembles a bow and hence is also known as the saucer bottom pattern. In general, the rounding bottom pattern indicates a long-term price reversal. This pattern also emphasizes the changes in the market sentiment as the trend seems to shift from bearish to bullish. Investors generally have to stay cautious and time the market well. If the price breaks and moves past the resistance level, it will enter a confirmed bullish trajectory.
Get The App
Join the millions of people who stay on top of global financial markets with Investing.com.
Download Now
At the time of analysis, the price of Aptos (APT) was recorded at $8.28. If the pattern trend continues, then the price of APT might reach the resistance levels of $8.7592, and $17.1447. If the trend reverses, then the price of APT may fall to the support of $4.8918.
h2 Aptos (APT) Resistance and Support Levels/h2
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 resistance and support levels of Aptos (APT) for 2023.
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (APT) are shown in the chart below.
APT/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Aptos (APT) market in 2023.
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)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Aptos (APT).
h2 Comparison of APT with BTC, ETH/h2
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.
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Aptos (APT) between 2024, 2025, 2026, 2027, 2028, 2029, and 2030.
h2 Conclusion/h2
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 $14.3223. Comparatively, if unfavorable sentiment is triggered, the bearish Aptos (APT) price prediction for 2023 is $5.9326.
If the market momentum and investors’ sentiment positively elevates, 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.
This content was originally published by our partners at The News Crypto .
Written By:
The News Crypto
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Get The App