2024

Aptos

Resistance

Read

<ul>
 <li>Aptos (APT) holds strong support at $7.04, indicating potential bullish momentum and price stability.</li>
 <li>Projections suggest APT could reach $12 and potentially $20 by 2025, aligning with a long-term bullish trend.</li>
 <li>APT’s “V-shaped” recovery in July signals growing market confidence and potential for further growth.</li>
</ul>
Crypto analyst <a href="https://x.com/CryptoBullet1" rel="noopener noreferrer nofollow">@CryptoBullet1</a> has recently shared insights on the Aptos (APT) cryptocurrency, pointing to a potentially bullish future despite recent market volatility. Analyzing the APT/TetherUS trading pair on Binance, the analysis spans from early 2023 through mid-2025, with a specific focus on the current price trends and future projections.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24APT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$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;"> <a href="https://t.co/KytXgE2Yce" rel="noopener noreferrer nofollow">https://t.co/KytXgE2Yce</a> <a href="https://t.co/ETOIhslIWy" rel="noopener noreferrer nofollow">pic.twitter.com/ETOIhslIWy</a>— CryptoBullet (@CryptoBullet1) <a href="https://twitter.com/CryptoBullet1/status/1816038559725269082?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 24, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
Current Price and Volatility
At press time, APT was priced at <a href="https://coinmarketcap.com/currencies/aptos/" rel="noopener noreferrer nofollow">$7.04</a>, reflecting a surge of 4.25% in the past one month. The price chart highlights t volatility in 2023 and early 2024, marked by major spikes and drops. However, a key support line, termed “Vital Support,” has been identified, extending from 2023 into 2024. This support level appears to be crucial in maintaining the cryptocurrency’s price stability.
Support and Resistance Levels
The analysis emphasizes a vital support line where the price has historically bounced back. Notably, a deviation below this support level occurred recently, but the price has since recovered. This recovery indicates <a href="https://cryptonewsland.com/aptos-blockchain-sets-new-transaction-record-with-tapos-cat-game-launch/" rel="noopener noreferrer nofollow">strong support at this level</a>, suggesting potential bullish momentum. Projections indicate an initial resistance around $12, with further potential to reach $20 after a period of consolidation.
<img decoding="async" width="602" height="323" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdG8OSMNyW0yrOfudx5N7qX3LZxhoYa_5ptx2_50VLYe5F7hJULRPbxHh1XTTA6Njmhj4UqBJSNYEx_QSVb0z3m4JXOCsLTmOh3mg0wLiWMM-0PAghUPW0G-RxwPQz6lYC6Oec52vTPJQVRFPU4eQcVy0wW?key=fffZ7pnug9bks7WmKvJnnw">
Source: <a href="https://x.com/CryptoBullet1" rel="noopener noreferrer nofollow">CryptoBullet</a> on X
Looking ahead, the speculative future price movement suggests a potential increase in late 2024 and 2025. The chart features blue arrows indicating a likely upward trend, despite expected volatility. This projection aligns with a long-term bullish trend, supported by historical data showing price recoveries at critical support points.
Historical Price Action
In early 2023, APT experienced <a href="https://cryptonewsland.com/aptos-ascend-where-innovation-meets-finance-with-industry-titan/" rel="noopener noreferrer nofollow">volatility with sharp price movements</a>. The price gradually increased to a peak around $24 by mid-2023 before declining towards late 2023 and early 2024, hitting a low near $6.92. Currently, the price has stabilized around $7.04, suggesting a potential foundation for future growth.
The overall market sentiment appears bullish, with strong indications of price appreciation if the vital support level holds. Analysts and traders should closely monitor the resistance levels at $12 and $20 for potential breakout or reversal points.
Short-Term Analysis
A separate short-term analysis covering July reveals a “V-shaped” recovery. The price started around $6.70, dropped sharply to about $5.50, and then quickly rebounded, peaking over $7.50 before stabilizing at $7.07. This quick recovery indicates <a href="https://cryptonewsland.com/what-aptos-20-value-surge-post-coin-release-tells-us/" rel="noopener noreferrer nofollow">growing market confidence</a> in APT.
<img decoding="async" width="602" height="400" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXflly_iefn6qhU7gNvUb_DSfhx-tkgpeN_vlydqwdbwdZSCU7NnO9-LyRyupUbUbPMjkFViFTC_7Jpzi5lg_K7PB81Mj9I-lb_DOQXOGh6bxTzv4Ildon31zPv44TYHF0frFGEmGeG5i_MO1FKvmCYQE80?key=fffZ7pnug9bks7WmKvJnnw">
Source: <a href="https://coinmarketcap.com/currencies/aptos/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
The analysis provided by @CryptoBullet1 highlights a critical support level for APT, suggesting a bullish outlook if this support holds. While the market remains volatile, the historical trends and technical analysis indicate potential for significant gains in the future.&nbsp;
<h4 class="wp-block-heading" id="h-read-also">Read also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/aptos-price-analysis-2-2-apt-price-surge-by-9-41/" rel="noopener noreferrer nofollow">Aptos Price Analysis 2/2: APT Price Surge by 9.41%</a></li>
 <li><a href="https://cryptonewsland.com/aptos-apt-price-prediction-2/" rel="noopener noreferrer nofollow">Aptos (APT) Price Prediction</a></li>
 <li><a href="https://cryptonewsland.com/aptos-apt-price-prediction/" rel="noopener noreferrer nofollow">Aptos (APT) Price Prediction 2023 to 2032: Will APT Price hit $50 Soon?</a></li>
 <li><a href="https://cryptonewsland.com/aptos-risk-70-80-drop-act-now-before-its-too-late/" rel="noopener noreferrer nofollow">Aptos Risk 70% – 80% Drop. Act Now Before Its Too Late</a></li>
 <li><a href="https://cryptonewsland.com/aptos-apt-price-analysis-aug-week-3-to-4/" rel="noopener noreferrer nofollow">Aptos&nbsp;(APT) Price Analysis Aug Week 3 to 4</a></li>
</ul>
The post <a href="https://cryptonewsland.com/aptos-apt-shows-bullish-trend-despite-recent/" rel="noopener noreferrer nofollow">Aptos (APT) Shows Bullish Trend Despite Recent Volatility, Analyst Remains Optimistic</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Aptos (APT) Shows Bullish Trend Despite Recent Volatility, Analyst Remains Optimistic

Crypto News Land

Muita 24. heinäk. 2024 julkaistuja artikkeleja

RollBlock (RLBK) Increased Investor Confidence Causing a Stir as Book Of Meme (BOME) and Render (...

Kraken Completes Distribution of Bitcoin to Mt. Gox Hack Victims

Bitcoin Price Dips: Is This the Start of a Fresh Downside?

Shiba Inu Nears Key Resistance: Is a Breakout Imminent?

Near Token Faces Downward Trend and Increased Liquidations

Scorum Powers Aviatrix’s Exclusive Web3 Debut on Cosmos

Join our free newsletter for daily crypto updates!