BPOI Banner
Aptos Price Prediction: APT Set to Break out of Descending Channel Aptos Price Prediction: APT Set to Break out of Descending Channel

Is Aptos (APT) Price Heading for a Bullish Breakout Soon?

The Aptos (APT) price currently reflects a moderate trend, with mixed signals suggesting both potential growth and caution. Recent technical indicators show that while buying pressure slightly outweighs selling, the strength of the trend is not yet firmly established.

APT is positioned near key levels, with buyers and sellers vying for control, which could influence its next major move. This setup leaves APT at a pivotal point, where a shift in momentum could either push it upward or trigger further corrections.

Aptos Current Trend is Moderate

The APT DMI chart shows the ADX at 25, signaling a moderate trend. ADX, or the Average Directional Index, measures the strength of a trend without indicating its direction. When ADX is at 25, it suggests that a trend is present but lacks high strength.

This level is often considered a threshold where the trend starts to become noticeable. However, to reach a strong trend confirmation, ADX would need to rise above 30. At 25, the APT current trend is established but not strong.

Read more: Aptos Crypto (APT): A Guide to What it Is and How it Works

Aptos DMI. Source: TradingView

For APT, D+ is at 26.7, and D- is at 19.7, meaning buying pressure is slightly stronger than selling pressure. With D+ above D-, bullish momentum has the upper hand, albeit modestly. This suggests that APT could continue its upward trend if the ADX strengthens further.

APT Ichimoku Cloud Shows a Bullish Setup

The Ichimoku Cloud chart for APT shows the price moving around the cloud area, indicating mixed signals regarding trend direction. The cloud (Kumo) acts as a zone of support and resistance.

When the price is within the cloud, it suggests indecision in the market, with neither bulls nor bears holding a strong advantage. In this chart, APT’s price recently crossed into the cloud after previously dipping below it, signaling a potential trend reversal if it manages to break above and stay above the cloud.

Aptos Ichimoku Cloud.
Aptos Ichimoku Cloud. Source: TradingView

The various lines on the Ichimoku chart offer more insights. The blue line (Tenkan-sen) is now above the red line (Kijun-sen), which suggests short-term bullish momentum.

Additionally, the green cloud ahead appears thin, meaning less resistance if the price rises further. A breakout above the cloud would confirm a bullish trend, while a move below would reinforce bearish momentum.

Aptos Price Prediction: Is APT Price Set to Reach $11 Next?

The EMA lines in the APT price chart show they are well-aligned in ascending order, with shorter EMAs above longer ones, suggesting a generally bullish trend.

The recent bounce above the shorter EMAs hints at bullish momentum. However, if the price fails to break above the resistance zones, it may re-test the support levels, where the lower EMAs would act as dynamic support, reinforcing the trend structure.

Read more: Where To Buy Aptos (APT): 5 Best Platforms for 2024

Aptos EMA Lines and Support and Resistance Cloud.
Aptos EMA Lines and Support and Resistance Cloud. Source: TradingView.

APT currently shows immediate resistance levels around $10.77 and $11.00. However, if the uptrend continues and gets stronger, APT price could rise to $11.22, a potential 12,5% growth.

On the downside, the support levels are at $9.64, $8.42, and $7.84. If APT goes as down as $7.84, that would mean a potential 21% correction.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Source link

Tiago Amaral

https://beincrypto.com/aptos-apt-price-moderate-support/

2024-10-29 21:00:00

bitcoin
Bitcoin (BTC) $ 95,328.54 2.21%
ethereum
Ethereum (ETH) $ 3,297.13 2.91%
tether
Tether (USDT) $ 0.999252 0.13%
xrp
XRP (XRP) $ 2.22 1.47%
bnb
BNB (BNB) $ 654.56 1.88%
solana
Solana (SOL) $ 180.92 2.65%
dogecoin
Dogecoin (DOGE) $ 0.312406 4.50%
usd-coin
USDC (USDC) $ 0.999786 0.06%
staked-ether
Lido Staked Ether (STETH) $ 3,291.54 3.09%
cardano
Cardano (ADA) $ 0.885259 3.77%
tron
TRON (TRX) $ 0.245312 0.13%
avalanche-2
Avalanche (AVAX) $ 37.03 4.14%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,908.32 2.84%
chainlink
Chainlink (LINK) $ 21.85 4.46%
the-open-network
Toncoin (TON) $ 5.38 0.68%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,030.46 2.30%
shiba-inu
Shiba Inu (SHIB) $ 0.000021 3.51%
sui
Sui (SUI) $ 4.25 8.20%
stellar
Stellar (XLM) $ 0.355624 1.59%
hyperliquid
Hyperliquid (HYPE) $ 31.78 1.05%
polkadot
Polkadot (DOT) $ 6.89 2.83%
hedera-hashgraph
Hedera (HBAR) $ 0.258031 0.42%
weth
WETH (WETH) $ 3,295.40 3.02%
bitcoin-cash
Bitcoin Cash (BCH) $ 444.12 2.09%
leo-token
LEO Token (LEO) $ 9.33 0.45%
uniswap
Uniswap (UNI) $ 13.75 2.40%
litecoin
Litecoin (LTC) $ 100.40 0.49%
pepe
Pepe (PEPE) $ 0.000017 2.85%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,479.44 2.96%
near
NEAR Protocol (NEAR) $ 5.02 2.58%
ethena-usde
Ethena USDe (USDE) $ 0.998921 0.15%
bitget-token
Bitget Token (BGB) $ 4.14 2.63%
usds
USDS (USDS) $ 0.995701 0.49%
aptos
Aptos (APT) $ 9.27 6.43%
internet-computer
Internet Computer (ICP) $ 9.88 5.35%
aave
Aave (AAVE) $ 297.85 3.17%
crypto-com-chain
Cronos (CRO) $ 0.156515 3.64%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.475681 1.61%
mantle
Mantle (MNT) $ 1.16 2.10%
ethereum-classic
Ethereum Classic (ETC) $ 25.88 2.32%
vechain
VeChain (VET) $ 0.045288 3.08%
render-token
Render (RENDER) $ 7.08 3.06%
monero
Monero (XMR) $ 192.16 0.28%
whitebit
WhiteBIT Coin (WBT) $ 24.30 0.58%
mantra-dao
MANTRA (OM) $ 3.65 3.79%
dai
Dai (DAI) $ 0.999382 0.10%
bittensor
Bittensor (TAO) $ 455.71 2.34%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.26 3.45%
arbitrum
Arbitrum (ARB) $ 0.743968 2.72%
kaspa
Kaspa (KAS) $ 0.118692 3.03%