Aptos (APT) price has increased nearly 15% in the last 24 hours, recovering strongly after a $2 billion market cap decrease during the unlocking of $134 million worth of tokens. Despite recently appearing negative signals such as the formation of a death cross and a 10% price drop, APT is now showing signs of a trend reversal.
Indicators such as Ichimoku Cloud and EMA lines suggest that bullish momentum could push APT to test levels near $15 if the upward trend continues. However, the important support threshold at $13.38 remains very noteworthy; if it breaks below this level, APT may face a more significant correction.
Price trend
Aptos' DMI chart shows the ADX index at 32.96, down from 42 yesterday, signaling a weakening in trend strength. This decline follows a strong correction, indicating that the previous trend is losing momentum.
Although the ADX is decreasing, this index remains above the threshold of 25, indicating that the trend is still relatively strong, although not as overwhelming as before.
APT DMI index | Source: TradingView
ADX (Average Directional Index) is used to measure trend strength. A value below 20 indicates a weak or nonexistent trend, while a value above 25 indicates a stronger trend.
After the recent days of correction, the D+ indicator has crossed above D-, with D+ currently at 29.7 and D- at 23.1. This crossover indicates the potential shift to bullish momentum, suggesting that APT could have a short-term recovery if buying pressure is maintained.
The APT Ichimoku Cloud indicates potential bullishness.
Aptos' Ichimoku Cloud chart shows that the price is trading above the cloud, signaling an upward trend. The green cloud ahead indicates potential support, while the relatively flat top of the cloud signals strong resistance near $14.
The Tenkan-sen line (green) and Kijun-sen line (red) are converging, indicating a consolidation phase or the possibility of a slowdown in upward momentum.
APT Ichimoku Cloud index | Source: TradingView
If the price maintains above the cloud and the Tenkan-sen crosses above the Kijun-sen again, this could signal a recovery of bullish momentum with targets near $14.5 or higher.
However, if the APT price falls back into the cloud, this could indicate hesitation, with support levels near $12.5 playing a crucial role. A breakdown below the cloud will shift the bias to bearish, opening the possibility of retesting lower levels.
Aptos price forecast: Will it soon return to the $15 level?
APT's EMA lines are setting up a notable configuration. On December 9, they formed a death cross, with the short-term EMA crossing below the long-term EMA, signaling a downward trend.
Subsequently, the price dropped more than 10%, aligning with the negative implications from this crossover. The death cross reflects selling pressure, which has dominated Aptos' price action in the short term.
APT/USDT chart on the 4-hour timeframe | Source: TradingView
However, Aptos has begun to recover, and the short-term EMA is about to cross above other EMA lines, potentially forming a bullish crossover. If this happens, it could trigger a strong upward movement, with price targets of $14.88 or even $15.34.
On the contrary, if the APT price does not maintain the current momentum and loses support at $13.38, it may face another downturn, potentially falling to $12.3.