Aptos (APT) is making waves in the cryptocurrency market with growing bullish momentum, despite a short-term dip in price. Currently trading at $11.69**, APT saw a **-3.09% decline** over the past 24 hours, underperforming slightly against both the broader crypto market and major cryptocurrencies like Bitcoin and Ethereum. However, recent trends and technical indicators suggest a potential breakout on the horizon. Our analysis projects that **APT could rise to $15.29 by November 24, 2024—a 30.13% increase in just five days.
This prediction is supported by strong medium- and long-term performance, increasing investor sentiment, and favorable technical signals. While volatility remains high, the overall trajectory for Aptos appears positive.
👉 Discover how market momentum could propel APT toward new highs
Recent Performance: A Steady Climb Over 30 Days
Over the past month, Aptos has demonstrated resilience and strength, gaining 18.97% in value. The medium-term outlook is even more encouraging, with APT surging 88.32% over the last three months. On a year-over-year basis, Aptos is up 60.11%, having risen from $7.30 to its current level.
Aptos reached its all-time high of $19.86 on January 30, 2023**, but has since been consolidating within a range. The current cycle high stands at **$13.79, while the cycle low was recorded at $4.39. With 15 green days out of the last 30, investor confidence appears to be building.
The coin’s 1-month volatility sits at 12.13, indicating active price movement—typical for emerging layer-1 blockchains with strong developer activity and ecosystem growth.
Market Sentiment: Bullish Outlook Amid Extreme Greed
Market psychology plays a crucial role in short-term price movements, and Aptos is currently riding a wave of optimism.
- Sentiment: Bullish
- Fear & Greed Index: 90 (Extreme Greed)
An "Extreme Greed" reading suggests that investors are highly optimistic and actively buying. While this can signal overbought conditions and potential pullbacks, it also reflects strong momentum and market participation.
Of the 28 technical indicators analyzed, 23 are signaling bullish conditions, while only 5 point to bearish outcomes—translating to an 82% bullish consensus across key metrics.
Key Support and Resistance Levels
Understanding price levels where buying or selling pressure may emerge is essential for traders.
Key Support Levels:
- $11.71
- $11.36
- $11.10
Key Resistance Levels:
- $12.32
- $12.59
- $12.93
If APT can break above $12.32, it may trigger a cascade of buy orders targeting higher resistance zones. A sustained move past $12.93 could open the path toward the predicted $15.29 target.
Technical Analysis: Moving Averages and Oscillators
Technical indicators offer valuable insights into trend direction, momentum, and potential reversals.
Moving Averages (Daily and Weekly)
| Period | Daily Simple MA | Daily Exponential MA | Weekly Simple MA | Weekly Exponential MA |
|---|---|---|---|---|
| MA3 | $11.49 (BUY) | $10.60 (BUY) | - | - |
| MA5 | $11.76 (SELL) | $10.32 (BUY) | - | - |
| MA10 | $11.45 (BUY) | $9.96 (BUY) | - | - |
| MA21 | $10.18 (BUY) | $9.35 (BUY) | -$1.34 (BUY) | $8.40 (BUY) |
| MA50 | $9.66 (BUY) | $8.36 (BUY) | $2.31 (BUY) | $7.64 (BUY) |
| MA100 | $8.17 (BUY) | $7.86 (BUY) | $1.76 (BUY) | $1.33 (BUY) |
| MA200 | $8.25 (BUY) | $8.00 (BUY) | - | - |
Most moving averages are showing BUY signals, indicating long-term bullish momentum. However, the daily 5-day simple moving average (MA5) shows a SELL signal at $11.76—very close to the current price—suggesting short-term caution.
Despite this, APT remains below both the 50-day and 200-day SMAs, which traditionally signals a bearish long-term trend. Yet, given the strong upward momentum in recent months, this could soon shift as price catches up with moving averages.
Oscillator Indicators
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 61.22 | NEUTRAL |
| Stoch RSI (14) | 81.98 | SELL |
| Stochastic Fast (14) | 66.63 | NEUTRAL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 32.07 | SELL |
| Awesome Oscillator (5, 34) | 1.82 | NEUTRAL |
| Momentum (10) | 1.94 | NEUTRAL |
| MACD (12, 26) | 0.17 | NEUTRAL |
| Williams %R (14) | -33.37 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 55.23 | NEUTRAL |
| VWMA (10) | 11.95 | SELL |
| Hull Moving Average (9) | 11.68 | BUY |
| Ichimoku Cloud B/L | 10.79 | NEUTRAL |
The Relative Strength Index (RSI) at 61.22 indicates that APT is approaching overbought territory but remains in a healthy zone—neither oversold nor excessively overbought.
However, Stoch RSI at 81.98 suggests overbought conditions on a short-term scale, potentially warning of a pullback before further upside.
👉 See how real-time data can help time your next APT move
Frequently Asked Questions (FAQ)
Q: Is Aptos expected to reach $15 in 2024?
Yes, according to current technical analysis and market trends, Aptos has a strong chance of reaching $15.29 by November 24, 2024, assuming bullish momentum continues and key resistance levels are broken.
Q: What factors are driving Aptos' price increase?
Aptos is benefiting from strong ecosystem development, increasing transaction volume, institutional interest, and overall positive sentiment in the layer-1 blockchain sector. Its high performance over the past three months also reflects growing adoption.
Q: Is APT currently overbought?
Short-term indicators like Stoch RSI suggest mild overbought conditions, but the broader picture remains bullish. With an RSI of 61.22, APT is not yet in overbought territory by standard metrics.
Q: What happens if APT breaks above $12.93?
Breaking above **$12.93**, the highest resistance level in the near term, would likely trigger a wave of buying activity and confirm a bullish breakout—potentially accelerating gains toward $15+.
Q: Can Aptos reclaim its all-time high?
While the current all-time high is $19.86, reaching that level again would require sustained bullish momentum, increased network usage, and favorable macroeconomic conditions. Given its current trajectory, it's possible in a strong bull market cycle.
Q: Should I buy APT now?
This is not investment advice, but technical indicators suggest a favorable risk-reward ratio for long-term investors, especially if entering near support levels like $11.71 or below.
Final Thoughts: Is Now the Time for Aptos?
The data paints a compelling picture: Aptos is poised for growth despite minor short-term setbacks. With strong monthly gains, positive sentiment, and most technical indicators leaning bullish, the path to $15.29 appears achievable in the near term.
However, as with all cryptocurrencies, volatility is inherent. Traders should monitor key levels closely—particularly whether APT can reclaim the $12–$13 range—and remain aware of broader market conditions.
For those tracking layer-1 innovations and high-potential altcoins, Aptos continues to stand out as one of the most promising projects in 2024.