Aptos USD Cryptocurrency Forecast
Volatile ride for Aptos USD cryptocurrency price on Thursday moving between $8.15 and $8.97
(Updated on May 02, 2024)
The Aptos USD cryptocurrency price gained 7.19% on the last trading day (Thursday, 2nd May 2024), rising from $8.34 to $8.94. During the last trading day the cryptocurrency fluctuated 10.06% from a day low at $8.15 to a day high of $8.97. The price has fallen in 6 of the last 10 days and is down by -10.66% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 112 million more shares were traded than the day before. In total, 143 million shares were bought and sold for approximately $1.28 billion.
The cryptocurrency lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $8.35 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the cryptocurrency is expected to rise 7.26% during the next 3 months and, with a 90% probability hold a price between $8.96 and $19.94 at the end of this 3-month period.
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APTUSD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aptos USD cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $11.55. On a fall, the cryptocurrency will find some support from the short-term average at $8.93. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -50.53%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Aptos USD cryptocurrency
Aptos USD finds support from accumulated volume at $8.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.82 between high and low, or 10.06%. For the last week, the cryptocurrency has had daily average volatility of 8.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (APTUSD) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Aptos USD to open at $8.69, and during the day (based on 14 day Average True Range), to move between $7.99 and $9.89, which gives a possible trading interval of +/-$0.95 (+/-10.62%) up or down from last closing price. If Aptos USD takes out the full calculated possible swing range there will be an estimated 21.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.79 (1.68%) than the resistance at $9.94 (11.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aptos USD cryptocurrency A Buy?
Aptos USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this cryptocurrency.
Current score: -2.083 Sell Candidate Unchanged
Predicted Opening Price for Aptos USD of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $8.69 ( 2.83%) | $8.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APTUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.51 | 6.34 % | |
| R2 | 9.19 | 2.83 % | ||
| R1 | 9.00 | 0.670 % | ||
| Current price: | 8.94 | |||
| Support | S1 | 8.37 | -6.34 % | |
| S2 | 8.18 | -8.50 % | ||
| S3 | 7.87 | -12.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.16 | 13.63 % | |
| R2 | 10.12 | 13.23 % | ||
| R1 | 9.94 | 11.24 % | ||
| Current price | 8.94 | |||
| Support | S1 | 8.79 | -1.68% | |
| S2 | 8.77 | -1.86% | ||
| S3 | 8.76 | -2.04% |
FAQ
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