APT token has witnessed an impressive uptrend since early March, surging by over 97% in the past 30 days.
#Aptos recently broke the $18 mark amidst a bullish trend, fueled by its collaboration with Google Cloud for web3 gaming growth.
The weekly chart depicts APT's price surge, marked by a robust bullish reversal "V" pattern.
Notably, $APT has experienced significant growth over the last five weeks, evidenced by five consecutive bullish weekly candlesticks.
Currently, APT is trading above all moving averages, with the RSI above the 70 level, indicating bullish sentiment. The token is also 25% away from its all-time high.
Sustaining above the $20 resistance level could potentially lead APT towards a target of $23, with the possibility of a rally towards $30 in the short term.
Potential trend reversal may lead #Aptos to retest $17 support. Failure could trigger a decline to the crucial $15 level.
Looking back at January 2023, multiple candle rejections were observed, resulting in a price drop of almost 77%. Similar price behavior is currently evident.
The key question remains: Will APT breach the hurdle and form a new high, or will it fail to hold and follow the pattern of previous trends?
As per Coin Gabbar analysis, Aptos Price Prediction 2030 is predicted to reach $50 and Aptos Price Prediction 2040 is expected to surge to around $100.
KEY LEVELS :
RESISTANCE LEVEL : $20.50-$23.00
SUPPORT LEVEL : $16.00-$13.00
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
