Aptos price prediction — will APT price hit $11.19 soon?

This Aptos (APT) price prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our APT price analysis and prediction. But before we move on to technical analysis, let us take a quick look at the, albeit rather brief, APT token history.

What is Aptos?

Aptos is a new Layer 1 network that emerged from the ashes of Diem, Meta’s failed digital currency project. Perhaps the most distinctive feature of the new blockchain is its native Move programming language, which was initially created by Meta for developing customizable transaction logic and writing secure smart contracts. Another key engineering advancement is Aptos’s “parallel execution,” which is claimed to be able to perform over 160k non-trivial Move transactions per second.

APT crypto is a token that powers the Aptos ecosystem and can be used for paying gas fees and voting in on-chain governance. The token’s initial supply at the time of the mainnet launch was set at 1 billion tokens, where the minimal unit is called an Octa, similar to Bitcoin’s satoshi.

Now that we know about what is APT token, do you think APT will be profitable crypto in 2022? Keep reading and let’s take a look at the charts in this APT price analysis and APT price prediction.

Aptos Current Market Status

As of the time of writing this Aptos price analysis, APT trades at $9.44 with a 24-hour trading volume of $697,105,068. The price of APT has grown by 4.63% in the last 24 hours.

APT has a current circulating supply of 130 million. Currently, the top cryptocurrency exchanges for trading APT are Binance, Deepcoin, MEXC, BTCEX, and Bybit. In terms of market cap, APT ranks 43 on CoinMarketCap — a pretty impressive feat for a token that has been trading for less than a week.

Now, let’s proceed to the next part of this Aptos technical analysis for 2022.

Aptos Price Analysis

APT Relative Strength Index, which is a momentum oscillator that measures the speed and change of the asset’s price movements, currently stands at 58.09, approaching an overbought area. This means that the meme coin currently trades at a price above its intrinsic or fair value. Therefore, despite the recent gains, traders must approach this asset with caution and don’t get carried away by the bullish craze. Keeping all this in mind, traders can move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of the Aptos (APT) token.

Since its recent launch, APT price recorded several bullish candles, which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, APT has a competitive market this year.

Is Aptos a good investment in 2022?

The chart below shows that Aptos price has moderately increased in the past few days. If this trend continues, APT might run along with the bulls, overtaking its $10.21 resistance level as it climbs higher.

Conversely, if it falls out of investors' favor, the bears might take over and dethrone APT from its uptrend position. In simpler terms, the price of Aptos might plummet to almost $7.98, a bearish signal.

Meanwhile, our long-term APT price prediction for the rest of the year remains bullish, as we anticipate a growth in interest towards the new promising blockchain.

Aptos (APT) Price prediction 2023

If this bullish trend continues, APT will reach $12.57 by the end of 2023. Moreover, the first half of 2023 is going to show fast growth due to the increased adoption and deployment of numerous DeFi applications by Thala Labs. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $14 is quite optimistic from the price point of view but undoubtedly feasible for the near future.

Aptos (APT) Price prediction 2024

If APT holds an RSI above 30, buyers will then have ample time and stability to forge the next attack mission on the vital level at $15.75, making it not plummet but play consistently.

Aptos (APT) Price prediction 2025

In the next four years, Aptos prices could race up to $16-$20. However, reaching this level could not be so difficult for APT as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that APT has a high possibility of reaching a peak soon in the next five years as per the prediction.

Bottom line

APT has a bright future ahead of it in 2022. With the ongoing developments happening within the Aptos ecosystem, as well as in the overall crypto market, we may see APT reaching $12.57 in 2023.

Bullish APT price prediction for the rest of the year ranges from $11.19 to $12.05. Moreover, it may even reach $0.08 if investors have decided that APT is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice. For educational purposes only.