Aptos (APT) Price Prediction 2023: Could it Hit $25 Soon?
• Aptos (APT) is the native crypto token of the Aptos blockchain.
• The current price of APT is $13.06, with 24-hour trading volume at $547,489,834 and a 24-hour price change of 1.7%.
• For 2023, the bullish prediction for APT is between $14.6858 and $20.4338, while the bearish prediction is at $8.9260.
Aptos (APT): Overview
Aptos (APT) is the native crypto token of the Aptos blockchain developed by Aptos Labs. The mainnet was launched on October 17th 2022 and utilizes a proof-of-stake consensus algorithm requiring validators to have a minimum amount staked in order to participate in transaction validation. Currently, its market capitalization stands at 32nd place according to CoinGecko and its circulating supply is 170,526,450 tokens with an all-time high of 19.92 USD (January 26th 2023).
Price Prediction for 2023
The Aptos price prediction for 2023 ranges from bullish ($14.6858 -$20.4338) to bearish ($8.9260). Analysis for this range includes statistics on price patterns, RSI, RVOL and other information about APT’s future movement in the cryptocurrency market as seen below:
Falling Wedge Pattern
The chart below displays a falling wedge pattern indicating a trend reversal towards an upswing:
APT/USDT Falling Wedge pattern (Source: Tradingview)
From this chart it can be observed that momentum of the downtrend has slowed down significantly placing APT’s current price range at approximately 13 USD (resistance levels being 13.8911 USD , 16.6910 USD and 20.5388 USD ). Should there however be a trend reversal then prices may fall to 11.5933 USD .
Support & Resistance Levels
The following chart outlines support and resistance levels for APT/USDT :
APT/USDT Support and Resistance Levels (Source: Tradingview)
From here it can be interpreted that resistance levels are 14.6858 , 20 . 4338 while support levels are 11 . 4307 & 8 . 9260 respectively .
Overall , based on analysis done using various methods such as statistics , pattern recognition & indicators we can conclude that there exists potential for APT prices to reach 25 USD within 2023 should certain prerequisites be met such as uptrends in momentum or key breakouts through resistance & support points identified earlier in this article .