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Aptos could reach US$ 19, says analyst who predicted Bitcoin’s rise to US$ 107 thousand
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The price of Aptos (APT) shows promise this week and could reach the $19according to analyst Manish Chhetri. This Tuesday (17), the token traded above $14showing signs of recovery after testing important support the previous week.
The data from DefiLlama show that the Total Value Locked (TVL) at Aptos it reached record levels. This indicates growing activity in the ecosystem and an increase in investor interest.
The recent movement of APT shows positive behavior. On the day December 7ththe price was rejected at the level of $15.03falling more than 20% over the next three days.
However, the token found solid support in $10.26 on the day December 11th and began a consistent recovery. On Monday, Aptos had recovered much of its losses and, on Tuesday, it continued trading at around $14.17.
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Therefore, according to the analyst, if Aptos manages to close above the resistance of $15.03the token may rise 27% and retest its annual high of $19.37registered in March. This optimism is also supported by technical indicators.
The Relative Strength Index (RSI) is in 57above the neutral level of 50which points to an increase in purchasing pressure. Furthermore, the indicator MACD is about to make a bullish crossover on the daily chart, signaling positive momentum and a potential new wave of buying.
Another relevant data comes from the DefiLlamawhich shows an increase in TVL from Aptos. Since December 11ththe value rose from US$1.14 billion to US$1.29 billion on Tuesday.
This steady rise, which began in mid-November, indicates that more users are depositing and utilizing assets on Aptos-based protocols. This growth reflects the growing interest in the ecosystemgiving strength to the bullish scenario for the token.
However, despite the optimism, analysts warn that the upward trend would lose strength if the Aptos price closes below the support of $10.26. In this case, the token could retreat to the psychological level of $10.
At the moment, the market is keeping an eye on Aptos’ next moves. With the TVL bullish, positive indicators and solid support, the token has a good chance of testing the benchmark $19 in the coming weeks, as Chhetri points out.
Aptos could reach US$ 19, says analyst who predicted Bitcoin’s rise to US$ 107 thousand
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Aptos could reach US$ 19, says analyst who predicted Bitcoin’s rise to US$ 107 thousand
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Aptos could reach US$ 19, says analyst who predicted Bitcoin’s rise to US$ 107 thousand
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Aptos could reach US$ 19, says analyst who predicted Bitcoin’s rise to US$ 107 thousand
