- Aptos surges 13.40%, breaking key resistance as bullish momentum strengthens.
- RSI at 46.56 signals weak momentum, but MACD hints at a bullish crossover.
- APT could hit $14.50 by 2025 if bullish trends sustain, per price forecasts.
Aptos (APT) has witnessed a strong surge, breaking past key resistance levels as bulls attempt to maintain momentum.
The cryptocurrency’s price has climbed to $6.35, reflecting a 13.40% increase in the last 24 hours. With a market cap of $3.73 billion, marking a 13.44% rise, and trading volume soaring by 41.66% to $261.55 million, investors are showing increased interest in APT.
Aptos Price Action: Bullish Shift or Consolidation Continuation?
This trend suggests a shift from previous bearish patterns to a potentially bullish breakout. However, price action remains within a consolidation phase, making key support and resistance levels crucial in determining the next move.
APT initially experienced a downward trend, forming a bearish phase before reversing sharply. This bullish reversal indicates strong buying pressure, with the price making higher highs and higher lows.
If this momentum continues, Aptos could extend its gains and challenge higher resistance levels. However, a pullback remains possible, especially if profit-taking occurs at current levels.
Key Aptos Support Levels to Monitor
The immediate support zone for APT is at $6.00, where buyers have previously stepped in to stabilize the price. Below this, $5.75 serves as another support level that played a key role in previous consolidation phases. If selling pressure intensifies, the final major support stands at $5.60, the lowest point before the recent bullish surge.
Turning to the upside, the $6.35 level is a crucial resistance. A break above this could open the door for further gains toward $6.50 and possibly $6.75. Overcoming these levels would signal strong bullish momentum, pushing APT into a higher trading range.
Related: Fantom, BitTensor, Aptos: Top Altcoins to Watch for a Potential Pump in 2024
Technical Indicators Hint at Potential Aptos Turning Point
Several technical indicators suggest Aptos is at a turning point. The Relative Strength Index (RSI) currently stands at 46.56, below the neutral 50 mark. This indicates weak momentum, but an upward move past 50 could strengthen bullish sentiment.
The Moving Average Convergence Divergence (MACD) indicator shows the MACD line attempting to cross above the signal line, a sign of a possible trend reversal. A successful crossover would confirm upward momentum, increasing the chances of further gains.
Aptos Price Forecast 2025: Bullish Long-Term Outlook
Looking ahead to Aptos price outlook for 2025, Changelly blog analysis, APT could see significant price appreciation by 2025. Forecasts suggest a minimum price of $10.15, with a potential peak at $14.50.
Related: Crypto Supply Shifts as Aptos, Kaspa Unlock Tokens Worth Millions
The average trading price is projected to hover around $18.84, assuming sustained bullish trends and favorable market conditions.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
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