Is Aptos (APT) a Good Buy?

• APT has gained over 380% in the past 30 days.
• It recently attained a new all-time high (ATH).
• Price analysis and prediction of Aptos shows that it is a good buy.

The recent bullish market of the cryptocurrencies has shown that most coins/tokens are recovering from the crypto winter. Aptos (APT) is one of the tokens to watch out for.

At the time of writing, Aptos (APT) is trading at a price of $16.61 which represents a 24-hour decrease in price of 14.28%. However, after APT attained its present all-time low (ATL) price of $3.09 on December 29th, 2022, it has gained over 380% according to CoinGecko.

Aptos due to the high demand attained a new all-time high (ATH) price of $19.92 on Jan 30th, 2023. APT trading volume is over $1.76 billion which represents 75% increase in the past 24 hours.

The price analysis of Aptos (APT), a Layer-1 project shows that it is a good buy from the charts below.

https://www.tradingview.com/x/m36TIxyA/

The chart above shows the price analysis of Aptos (APT) using the relative strength index (RSI) indicator. The RSI value of APT token is 72.74. This shows that it is in the overbought region since it lies between 70 and 100. However, since its trading volume is on the rise, the recent decrease in price could be overturned, making it to attain higher highs.

https://www.tradingview.com/x/esmyrYFR/

The chart above shows the price prediction of Aptos (APT). APT is trading above the $16.15 support1 level. It has a high possibility of not trading below it soon as a result of the present positive sentiment towards it as it has the best gains in the past 30 days amongst the top 30 cryptocurrencies in terms of market capitalization.

This could lead to further gains soon as investors would try to hodl the token in order not to miss another bullish rally. Hence, APT could trade above the $19.67 resistance2 level and even higher.

In conclusion, Aptos (APT) shows that it is a good buy for long-term hodlers.