Aptos (APT) Price Prediction 2024: Will APT Hit $10 Soon?

Aptos price, a Layer 1 Proof-of-Stake blockchain, has recently experienced a flat trading pattern. The value of APT tokens remains near critical support levels.

Aptos (APT) price remains sandwiched between critical support and resistance levels. The cryptocurrency trades flat on Monday as a recent uptick in buying pressure stalls. Despite this, Aptos price seems to be preparing for the next leg up.

Aptos Price: Tether Integration to Boost Transactions

In a bid to cater to the growing demand for low-cost transactions, Tether has announced the launch of its USDT token on the Aptos blockchain. The stablecoin is now available for use on the network.

This integration is expected to significantly reduce transaction fees, a move that aligns with Tether’s mission to make digital currencies more accessible and usable across the globe.

With the cryptocurrency’s impressive engagement and daily active users, which climbed from 96,000 in January to 170,000 by July, the decision to deploy Tether on the Aptos blockchain is set to further propel cryptocurrency adoption.

Aptos is a Layer 1 Proof-of-Stake blockchain that has attracted attention for its high scalability and rapid processing capabilities. This integration will enable transactions to be processed at a fraction of a penny.

Crypto Fear and Greed Index Now in Extreme Fear

The cryptocurrency market has experienced significant volatility over the past 24 hours. Fear gripped the market once again as key cryptocurrencies, including Bitcoin and Ethereum, witnessed a collective downturn.

However, some altcoins, such as Aptos, managed to post slight gains. At the time of writing, APT price is trading at $5.90, with a slight increase of 1.13% during the U.S. trading session.

Aptos Price Chart - U.S. Session Monday

According to CoinMarketCap data, the trading volume for APT has surged by 52% to $135 million, indicating heightened investor activity and market interest. This spike in volume, coupled with a fluctuating price chart that saw the cryptocurrency reach lows of $5.74 and highs just above $6.00, reflects the ongoing dynamic of the crypto market.

Aptos price is now facing immediate resistance at the Fib 0.236 level ($6.00). If buyers can push the cryptocurrency above this level, the next target could be the Fib 0.382 level ($6.48).

On the downside, support is present at the Fib 0.382 level ($5.74). A breakdown below this level could lead Aptos price toward the Fib 0.5 level ($5.48).

Overall, the technical analysis for Aptos price on the 4-hour timeframe suggests a bullish bias. The cryptocurrency is trading above the Fib 0.236 level, with the Fib 0.382 level acting as the next resistance. A breakout above this level could see Aptos price rally toward the Fib 0.5 level ($6.96).

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