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
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 24H Technicals
(Source: TradingView)
Aptos (APT) Price Prediction 2023
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.
APT/USDT Rounding Bottom Pattern (Source: TradingView)
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.
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.
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 resistance and support levels of Aptos (APT) for 2023.
APT Resistance & Support Levels
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 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.
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)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Aptos (APT).
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, 2025 – 2030
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.
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 $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.