Aptos Price Analysis: Will APT Sustain Above The $7.00 Level?

• Aptos (APT) is currently trading at $7.04.
• The current market value of Aptos (APT) is $1.5 Billion.
• According to Aptos (APT)’s price analysis, the 24-hour volume is $275.6 Million.

A close look at the daily chart of Aptos (APT) reveals that the price has been showing a consistent gain in momentum. The price is currently trading at $7.04 after rising notably by 3.91% in a week. This most recent price hike is good news for APT.

According to APT price prediction, the coin has been in a downtrend since January 2023. The price of the APT has shown a decline of almost 75%. However, the price found support at the $5.61 level. 

After taking the support the price of the APT trend reversed and coins started moving above the EMA levels. Currently, the price of APT is moving in a range between $7.90 to $6.4 levels. The coin has been consolidating since 17 January 2023 and it is highly likely that the price will break above this level and form fresh highs.

Aptos (APT) Price Analysis

EMA

As per the chart of APT in the daily timeframe, it can be seen that the price is currently trading above the 50-day EMA level and 100-day EMA level, which is a positive sign. The APT price will probably move in the upward direction.

MACD 

According to the current state of the market, Aptos (APT)’s MACD line is at -0.04 and the signal line is at -0.3. The MACD line is above the signal line which suggests that an upward advance could be approaching.  A green histogram has also formed, indicating a potential increase in the price of APT.

RSI

Aptos (APT)’s relative strength index (RSI) is currently higher than the simple moving average (SMA) line, suggesting that additional possible upward movement is expected.  There is still a chance for price growth.

Conclusion 

As per the analysis, the price of APT is in an uptrend. A breakout from an extended descending triangle pattern has caused Aptos (APT) price prediction to show a positive rise. The price is currently trading above the EMA level, which supports the bullish perspective. The positive MACD signal indicates that the coin is most likely on an uptrend. These data points and the price structure together suggest that the APT coin will trend upward.

Technical Levels

• Support Level– $14.9010.
• Resistance Level – $19.0789.

Disclaimer

The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.