Aptos Price Prediction 2023: Can APT Price Attract the Bulls & Reach $10?

Key Takeaways

• After undergoing a freefall, Aptos price is recovering and is believed to maintain a healthy upswing in the coming days
• The bulls appear to be dominating but the bears might also take control and slash the price hard in no time
• The development activity continues to hover in the average range and hence the trader’s sentiments are believed to be negatively impacted

Aptos Overview as of 19 June 2023

Aptos (APT) Price	$6.84
24-Hour Price Change	-3.40%
7D Price Change	+9.5%
Market Capitalization	$1.41 billion
Circulating Supply	206.6 million
Trading Volume	$145.79 million
All-Time High (ATH)	$19.9
All-Time Low (ATL)	$3.08
Fear-Greed Index	47 (Neutral)
Sentiment	Neutral
Volatility	12.70%
Green Days	16/30 (53%)

APT Price Forecast for this Week

Aptos price remained largely consolidated after dropping off the cliff in the first few days of the week. Due to this, the price closed the previous weekly trade on a bearish note and is currently trying to trigger a significant recovery back to its major resistance of around $8. However, bulls are currently manifesting their weakness, due to which these targets may have been achieved lately. 

The fresh weekly trade has begun with consolidation above the lower support levels that may lift the price, which appears to be hovering within an ascending trend. Moreover, the technicals in the short term have flipped from bearish to bullish, which may further intensify the recovery until the end of the week. Therefore, the Aptos price prediction for the week is slightly bullish and may reach beyond $8 if continued with the same streak, or else it may remain consolidated just below $8 until bullish volume pours in. 

Read More: Sui Price Predictions

Aptos Price Prediction for June 2023

The Aptos price trend dropped heavily in the first week of June after successfully maintaining a consistent trend around $8 to $8.5 throughout May. Although the token is trying its level best to trigger a recovery, the required bullish pressure is absent. Hence, the trend is believed to remain consolidated within a narrow region for a while, below $7 for a few more days.

As the monthly close approaches, the volatility of the token is believed to intensify, which may further lift the price. The price is believed to reclaim the positions above the interim resistance at $8 and maintain a consolidation below $8.5 until the end of the month. Therefore, the Aptos price may trade around $8.5 to $8.6 until the end of the month and further begin the next month’s trade on a bullish note.

Aptos Price Prediction 2023-2024

The Aptos price is trying hard to close the first half-yearly trade of 2023 above the bearish note by triggering a recovery. The current market conditions do not appear to be in bullish favor, and hence a notable correction may be imminent. However, the second half of 2023 is believed to be in bullish favor, and the prices may undergo a consolidated upswing. Hence, by the end of the year 2023, the APT price is believed to trade above $10 to $12. 

The start of the 2024 trade is believed to be bullish, which may maintain a healthy upswing toward the higher targets around $15. Here, the bears are believed to slash the prices lower and may be back below $10 for a while, which may trigger a catapult action. The APT price may remain bullish for the rest of the year and also form a new ATH beyond $20 by the end of 2023. 

APT Price Prediction 2023-2050

YEAR	Aptos Price Forecast
2023	$10 to $12
2024	$22 to $25
2025	$27 to $30
2026	$18 to $22
2030	$55 to $60
2040	$110 to $120
2050	$250 to $270

Aptos Technical Analysis

Source: Tradingview

• The APT price is trading within an extended descending triangle and after breaking down from the consolidation, the price has begun with a recovery
• The price bounced from the interim support at around $5.8 sored high to reduce the selling pressure mounted over the crypto
• Moreover, the MACD is close to flashing a buy signal as the lines may undergo a bullish crossover very soon
• This may uplift the price back to the immediate target at $8 initially which may further raise the price beyond $9 in the coming weeks.

Will Aptos Price Drop Again in 2023?

Aptos price has been displaying significant strength in times of acute bearish action since the start of 2023. The current recovery flashes the possibility of a testing upper resistance as the price appears to be self-assured with bullish price action in the coming days. Therefore, even though the bears mark significant moves, the bulls may hold the price above the crucial support and trigger a strong upswing toward the upper targets. 

Additional Read: Arbitrum Price Predictions

Aptos On-Chain Analysis Overview

Aptos Development Activity

Source: Santiment

Development activity is one of the important metrics that may impact the sentiments of the crypto market in the long term. It also displays how serious the development team behind the project is in terms of business. The activity is tracked on the GitHub repository and is calculated based on the number of commits made. These commits can either be the number of queries, responses, or suggestions, or they may also be the number of new features added.

The activity countries to hiver within the same region after being rejected below 50, a couple of times. The declining activity may not be good for the overall health of the platform as it indicates less activity from the development team, which may make the traders uncertain about the project. Although the activity does not impact the value of the token in the short term, the trader’s sentiments may be heavily influenced in the long term. 

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