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- Aptos has completed its ABC correction in Wave 2, signaling the start of a potential bullish Wave 3.
- Mid-term target for Aptos is set at $29, with long-term projections reaching as high as $95 and possibly $130.
- The macro accumulation zone is between $5 and $18, while prices above $95 signal a distribution phase.
Aptos (APT) has completed its ABC correction in Wave 2 and is now poised to embark on the anticipated Wave 3. According to market analyst CryptoBullet, this next phase could see Aptos rise to at least $50, with mid-term targets set at $29. The broader crypto community is watching closely as the token enters a growth stage after months of correction.
$APT #Aptos Macro chart
— CryptoBullet (@CryptoBullet1) October 15, 2024
ABC in Wave 2 completed. I think right now we’re just at the beginning of Wave 3 that should take us to at least $50
📍 Mid term target – $29
🎯 Macro Target 1 – $49
🎯 Macro Target 2 – $95 (Main Target)
🎯 Macro Target 3 – $130
$5-18 — Macro… pic.twitter.com/zAJIcIEwBh
Mid-Term and Long-Term Targets
The current market outlook for Aptos highlights a key mid-term target of $29, marking a significant milestone before the cryptocurrency’s potential larger movement. Analysts have identified strong accumulation zones between $5 and $18, where buying interest has intensified, supporting the price ahead of Wave 3’s rise. The next significant level at $49 represents this trajectory’s first major resistance point.
Aptos investors are eyeing a Macro Target 1 of $49, but the larger focus is on the Macro Target 2, set at $95, which is deemed the main target for this bullish trend. Should the market momentum continue, long-term projections suggest a possible climb to $130. The $95-$130 zone is called the “distribution zone,” where profit-taking could occur, leading to potential consolidation or retracement at these levels.
Macro Accumulation and Distribution Zones
The earlier accumulation phase, with prices ranging from $5 to $18, is now behind the market, and Aptos is entering a new growth cycle. As market sentiment shifts, analysts emphasize that the current breakout points to increased demand and heightened interest in the asset. With the beginning of Wave 3, the market is expected to see substantial upward movement, driving the price closer to the anticipated targets.
Over the past 24 hours, Aptos has experienced price fluctuations, trading at $10.25 a 1.07% increase. The market cap is $5.29 billion, with a 24-hour trading volume of $504.55 million, marking a 34.58% increase. The total supply is 1.12 billion APT, while 515.69 million APT are circulating. The price chart reveals periodic peaks and troughs, ranging from around $10.13 to above $10.60.