Flow

bullish

Aptos

Million

Rise

<a href="https://www.thecoinrepublic.com/price-prediction/aptos/">Aptos</a> (APT), a Layer-1 blockchain network, struggled to break above critical resistance. This caused the APT price to remain confined within a narrow zone. Despite this consolidation, developments in its ecosystem fuel optimism among APT investors about a potential breakout. 
The token has noted a sideways move. This led the APT price to hover within a thin band, and the fight between the bulls and bears persisted. The price action and most technical indicators readings both furnish mixed cues; the bullish and bearish cases remain unchanged. 
However, it could see a near-term comeback as it sits on the lower trendline support zone. Over the past 2 weeks, the token has been traded below the key EMAs. It has witnessed low-volume activity, displaying a lack of investor interest. 
Aptos recently underwent a massive token unlock event, with 11.31 Million APT tokens circulating on September 11, 2024. Despite worries about a selloff due to the unlock event, the Aptos crypto price stayed flat, around $6. It did not relinquish the gains. 
<h2 class="wp-block-heading" id="h-apt-price-prediction-sideways-next">APT Price Prediction: Sideways Next?</h2> 
For the last two months, the APT price met resistance around the $7.50 mark and support around the $5 mark. Jointly, these levels compose the altcoin’s consolidation range. <iframe loading="lazy" title="Santiment Chart: Price (APT), Volume (APT)" width="800" height="425" src="https://embed.santiment.net/chart?ps=celestia&amp;pt=TIA&amp;df=2024-03-15T18%3A29%3A59.867Z&amp;dt=2024-09-15T18%3A29%3A59.867Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Baptos%3BAPT%5D%3B%5B1%3Bvolume_usd%3Baptos%3BAPT%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B" scrolling="no"></iframe> 
Considering the crypto market recovery and positive cues, the APT crypto is mounting for a comeback. To achieve this, the token must cross the $7 mark for a range breakout in the coming sessions. 
Aptos price was trading at $6.12 at press time, with an intraday decline of over 0.12%. This indicated flat movements over the last 24 hours. 
Although the crypto market endeavored to rebound, the Aptos crypto remained sideways and did not experience a comeback rally. 
Recently, the altcoin headed a challenging cycle and suffered a decline of over 15% in the last two weeks. 
@WhalesCryptox, in his tweet, said that APT crypto had reflected a fake breakdown. There could be a bounce in the coming sessions. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24APT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$APT</a> 1W update It was a fake breakdown (deviation) I still think this is the bottom. Targets remain. I’m bullish! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;">Crypto Traders-join Telegram<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/caOlZBzkdM">https://t.co/caOlZBzkdM</a> . <a href="https://t.co/5CqaWeftNQ">pic.twitter.com/5CqaWeftNQ</a>— Whales_Crypto_Trading 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f40b.png" alt="🐋" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@WHALES_CRYPTOx) <a href="https://twitter.com/WHALES_CRYPTOx/status/1834967331916644856?ref_src=twsrc%5Etfw">September 14, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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However, it has been in a stage of macro consolidation, while some indicators point to a potential rise. The RSI curve still hovers near the 50 neutral line and guides a positive crossover. It indicated an increase in the bullish momentum. 
However, the Chaikin Money Flow (CMF) reading was below the zero line, at -0.17. This means a liquidity exit from the market. 
The Bollinger bands were shrinking, which signaled a sharp move. Moreover, the APT price could notice an upswing in the coming sessions. 
<h2 class="wp-block-heading" id="h-apt-total-value-locked-continued-to-rise">APT Total Value Locked Continued To Rise</h2> 
Since the beginning of 2024, Aptos crypto‘s total value locked (TVL) has continued to experience upward movement. It reached $436.77 Million at press time. A rising TVL means a growing interest in the project and could act in favor of APT bulls. 
<a href="https://lh7-rt.googleusercontent.com/docsz/AD_4nXet5-KAwx6kyAr7HO14qXvWnTUtxx7-TWrhi54gzZ_Jiw8SroEY8jJtMWnZfeX99plpThp2Y5wAOQbtjkHKpn0HOzMdMgPJEkhKqdN-SFY5g7xjyHfzMvOAG49_oCT7gu1PCKmGqc4jbnL6vOt3UFVIJB6q?key=4unDf3OOjTttl6CDeselxQ">TVL Data&nbsp; |&nbsp; Source: DeFiLlama</a> 
TVL Data&nbsp; |&nbsp; Source: DeFiLlama 
Suppose the APT price breaks and holds above the $7 mark resistance. It could push the APT price to as high as $8. The $8.50 mark would follow this. However, an invalidation of the bullish thesis can decrease the APT price to $5.70 and $5. 
The post <a href="https://www.thecoinrepublic.com/2024/09/16/apt-price-stuck-in-consolidation-could-increasing-tvl-be-the-key/">APT Price Stuck In Consolidation: Could Increasing TVL Be The Key?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

APT Price Stuck In Consolidation: Could Increasing TVL Be The Key?

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