- The APT crypto price has surged 18% in the last 4 days.
- APT price has lost more than 60% from the last week of March.
At the end of March, the APT crypto price witnessed strong selling pressures and declined by 60% in 15 days. From mid-April, the technical chart has displayed a slow and steady fall.
In April, the Aptos price slipped below the key moving averages. A death crossover was seen in the key moving averages. It has declined by forming lower lows and lower highs.
After a long-term bearish momentum, the price seems to have found the bottom and reacted for reversal. RSI has developed a bullish divergence at the bottom, and the price has exceeded the 20-day EMA.
APT crypto was being traded at $6.93 at press time, which has gained 6.55% in the past 24 hours. It has a market capitalization of $3.35 Billion, and its 24-hour trading volume is $87.43 Million.
Is APT Price Going to Blast Till the End of 2024?
A source on X claimed that the APT price is gearing up for the bullish move. The source expects a retest by the end of this month. Suppose the price surpasses the resistance level of $7.70; the momentum could be shifted to the bulls.
$APT is slowly grinding its way up, going for the August monthly open retest.
— Bera (@doomsdart) August 21, 2024
If it manages to breakthrough 7.3-7.7 resistance, it will flip into a bullish structure and the only significant obstacle afterwards is going to be the 2024 yearly open. pic.twitter.com/Bx5gsjWDiS
After overcoming this resistance zone, the obstacle to the bullish trend could be the yearly opening of 2024.
Massive Surge in APT Crypto Coming Soon?
Based on a source on X, the Aptos price is expected to shoot up soon after the successful breakout. The price has formed a falling wedge pattern on a daily time frame and has just triggered a breakout. After a successful, the price is expected to achieve the two-digit hurdle.
$APT Seems Like Ready For Massive Bullish Wave✅#APT #APTUSDT #Crypto pic.twitter.com/lWaBYRaoLy
— ZAYK Charts (@ZAYKCharts) August 23, 2024
APT Crypto Price has Formed an Inverted Head and Shoulder Pattern
After a great fall in the APT price, the bearish momentum has halted near the $6 zone, and buyers are showing interest. The price chart has developed an Inverted Head and Shoulder pattern.
The APT price has formed the second shoulder and has reached the neckline. If the price surpasses the neckline, buyers may dominate for the long term. Buyers may soon be eyeing the $10 mark during this bullish momentum.
Alternatively, sellers may hope to lose some percentage if the price is resistant to the $7 mark. As we can see, the price has faced resistance thrice from this level.
If the price faces resistance from the neckline, it would be a selling opportunity. Assuming the price starts trading below the 20-day EMAs, the price may keep falling for the long term.
ATP Crypto Price Forecast
The APT crypto price has faced significant challenges recently, with a substantial decline from its previous highs. However, there are indications that the price may have hit a bottom and could be poised for a potential reversal.
Various technical indicators, such as the RSI and moving averages, suggest a possible shift in momentum towards a bullish trend.
Furthermore, sources speculate that the APT price could experience a surge shortly. It could potentially break through key resistance levels and aim for higher price targets.
The formation of bullish patterns, such as the inverted head and shoulder pattern, adds to the optimistic outlook for the APT price.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
