Aptos (APT) Price Prediction – When will APT hit $20?
Recently, Aptos joined forces with NPIXEL, whose main aim is to have a strong position in Web 3.0 applications.
NPIXEL is a leading and rapidly expanding game developer, and its new game, "Gran Saga: Unlimited," is a Web3 version of the "Gran Saga." Aptos has plans to launch more games in the near future and has made strides in expanding its facilities to provide top-notch NFT services.
The announcement has caused excitement, leading to a substantial increase in the value of Aptos. The price of Aptos has risen by around 361% over the past month, bringing the APT price today at $15.97, which is 34% lower than its ATH of $20.74.
The current circulating supply of this token is 162,624,556 APT, while the current market cap is $2,195,514,250.
Should you invest in Aptos (APT) now?
Let’s see the Aptos (APT) Price Prediction from the APT/USD technical analysis:
APT/USD Bulls Need A Strong Channel Breakout
In the daily price, APT/USD trades within a bearish correction from where bulls may grab the wheel at any time.
Since the launch, this token has traded within a corrective price action, while the lack of enough previous data is the main barrier to anticipating the future price.
If we analyze the weekly candle, we will see that the buying pressure has faded, and a counter momentum appeared with two consecutive bearish weekly closes. However, a clear picture is visible in the daily chart, which shows a corrective price action towards the sellers' side. Therefore, the price can reverse anytime, even if the downside pressure is on.
If we draw the high volume level detector from the December low to the January high, we will see it at the 7.7696 level below the current price. It is a sign that aggressive buying pressure appeared from the 7.7696 level, and investors might join the market again once the profit-taking is over.
In the main price chart, the near-term resistance level is marked at the 16.3696 level, which is the primary barrier for bulls. The dynamic 20-day Exponential Moving Average is above the price, but it needs more time to consider as a strong resistance.
In the indicator window, the RSI reached the neutral 50.00 level, which signals corrective price action.
Based on the daily Aptos Price Prediction, bulls should wait for an immediate price recovery with a daily candle above the 16.3653 level to initiate another bull run targeting the 45.00 level.
On the other hand, downside pressure is active, and further accumulation below the 20 EMA could lower the price towards the 7.0477 key support level.
APT/USD H4 Outlook
In the H4 chart, the current price is trading down after forming a bearish rejection with a double-top pattern breakout. Later, multiple lower low formations are visible, which may influence investors to consider the downside pressure solid.
The main price chart shows the current downside pressure as the H4 price is below the middle Bollinger Bands line. Moreover, the gap between the upper and lower Bands is expanding, which is a sign that a stable trend is forming.
The indicator window shows the different story where MACD EMA’s started shifting from bearish to bullish. A strong crossover is seen from the bearish zone, which can limit the downside momentum in the main price.
Based on the H4 APT Price Prediction, the bearish momentum can extend as long as the price trades below the middle Bollinger Bands. In that case, the primary aim is to test the 11.78 support level. Breaking below this level could lower the price towards the 7.00 area.
On the upside, any bullish recovery from 11.78 with an H4 close above the 14.7800 level would resume the existing trend towards the target of the 25.00 area.
APT/USD Intraday Price Action Analysis
In the H1 timeframe, the current price is trading below the visible range high volume level, which is a primary sign that bears are controlling the price.
On the other hand, the dynamic 20 EMA is carrying the price towards the upside, while the gap between the dynamic 20 EMA and weekly VWAP has expanded. Moreover, a stable buying momentum is visible from the TDI indicator as the current level is aiming higher towards the upper bands.
Based on the H1 Aptos coin price prediction, investors may experience an upside possibility in the H1 timeframe, where the possible target area is at the 14.76 level.
Is APT/USD A Buy?
Based on the current price outlook, APT/USD bulls need to wait for the current downside correction to be over before joining the bull rally. Close attention to the near-term support areas and intraday price actions are needed to find the most suitable price to join the trend.
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