Aptos [APT] Price Prediction 2023: Will APT Rally To $14?

Aptos [APT] exhibited strong bullishness on the daily chart. It cleared the $10 resistance zone from April and showed that it had the strength to move

Aptos [APT] showed strong bullish structure on the daily chart. It cleared the $10 resistance zone from April and showed that it had the strength to move toward $14 next.

The 46.5% rally in October was significant. In comparison, Bitcoin [BTC] was up by 14.5% from its monthly lows. A bullish trajectory for BTC would further aid Aptos’ prospects.

Aptos crypto clears the $10 psychological hurdle

Source: APT/USDT on TradingView

In April, Aptos crypto tentatively bounced to $10.3 in the middle of a strong downtrend, but the bulls could not sustain this bounce. It registered a bearish order block on the daily chart. After six months, buyers have managed to flip this zone from resistance to support.

They did this on the back of heightened demand. The volume bars showed heavy trading activity, and the rising OBV suggested increasing buying pressure. This pointed out that the market structure was bullish, as was the momentum.

Additionally, based on the rally from $4.32 to $7.57 in August, the 100% Fibonacci extension level at $10.82 has been tested.

To the north, the next significant resistance zone was the bearish order block at $14.

Aptos crypto rallies over 40% in October

The 1-month look back period liquidation heatmap outlined the $11.2-$11.4 area and $9.4-$9.6 area as magnetic zones in the vicinity of current market prices.

Given the demand and momentum, a retracement below $10 appeared unlikely.

But keep in mind that a heightened BTC volatility might bring an Aptos pullback, making the $9.4 support zone a buying opportunity.

As things stand, the bullish target for the next move is the $14 resistance zone.