APTOS Price Forecast: APT Could Rally to $15 If Key Support Holds

Highlights:

• APTOS price is currently trading at the $13.21 intra-day support level
• Rally off this support could see APT rally to $15
• Solid fundamentals could trigger such a rebound for APTOS

APTOS is in the red today, pretty much like the rest of the market. At the time of going to press, Aptos was down by 5.32% to trade at $13.49. However, unlike most top altcoins, Aptos trading volumes are down today. The trading volumes have shrunk by 4.94% to stand at $354.49 million.

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This goes to show that despite the correction intra-day, traders are choosing to stay away from active trading. It could be an indicator that investors see the current correction as temporary, and expect the price to rebound sharply soon. There are multiple factors that support a bullish rebound for Aptos in the short term.

Aptos Fundamentals Solid

One of the key factors supporting Aptos is the fact that it has strong fundamentals. APTOS is one of the best L1s in the market today in terms of transaction costs. Aptos transactions for sending USDC can be as low as $0.0001. This is almost like sending money for free, a factor that could see Aptos uptake grow exponentially over time. At the same time, Aptos has a throughput that is unmatched by most networks. These fundamentals are part of why Aptos is being adopted by top institutions today.

.@Aptos is made for insanely cheap transactions

it costs $0.0001 to send USDC to another person

basically free pic.twitter.com/yDtjZXVW9A

— Jay | Aptos (@Jay__0x) December 9, 2024

Aptos Is Part of BlackRock BUIDL

One of the key factors likely to drive APTOS momentum is the fact that it was recently added to the BlackRock BUIDL. This is a win for Aptos in two ways. First, it is likely to drive demand for Aptos going into the future. That’s because BUILDL is about tokenizing real-world assets, one of the fastest-growing spaces in the cryptocurrency market today.

Already, BlackRock’s BUIDL is backed by $250 million in assets, and that number is likely to grow over time. Besides the demand coming from institutional money, APTOS is likely to benefit from the FOMO that could come from such partnerships over time. That’s because being included in the BlackRock BUIDL creates the impression that Aptos is a safe and reliable network.

APTOS Price Hype Is Already Building Up

The potential for investors to FOMO into APTOS is already evident in the fact that hype is building up on social media. Lots of analysts on social media are projecting that APT could be headed to $20 soon. Quite realistic given the impressive run so far, that has recently pushed Aptos through the $10 mark.

🚀 $APT (@Aptos) holding above the $14 level and grinding up making new highs. Holding hear would be awesome, but if we do get a dip lower to ~$11, its a gift and i will use to add more.

It won't be long before we see a $20 $APT IMO.#Crypto #Altcoins #DeFi #Blockchain… https://t.co/s4yFt2Fzub pic.twitter.com/o6jNFmTrKs

— AlphaBTC (@mark_cullen) December 8, 2024

There is also growing consensus among analysts that APTOS could head higher in an all-out bull rally that is expected to happen soon. Many analysts are predicting that APTOS could top out at anywhere between $100 and $150. Such predictions at a time when Bitcoin is repeatedly pushing through $100 could see investors rush to buy APTOS at current prices.

Stablecoins Moving to APTOS

Besides top institutions like BlackRock building on APTOS, many other players are pushing towards APTOS overall. For instance, both Tether and USDC recently launched on Aptos. Data indicates that the stablecoins currently running on APTOS have grown by $100 million in this quarter alone. A combination of these factors could see APTOS gain exponential price momentum once the broader market rebounds.

Stablecoins Move Better on Aptos 🌐

⋆ Tether's USDT and Circle's USDC launch on Aptos back-to-back
⋆ Stablecoin market cap on Aptos has grown by $100M in Q4
⋆ Stablecoins have contributed to nearly 40% of Aptos' $1 billion in TVL

For more on Aptos' undeniable ability to… pic.twitter.com/oxyNFtbBP0

— Aptos (@Aptos) December 6, 2024

Technical Analysis – APTOS Price Trading At Key Support

According to the charts, APTOS bears are currently putting a lot of pressure on the support of $13.21. This is after a sustained selloff in the last 24 hours.

A push through this support could see APTOS drop to around $10. However, if the $13.21 support holds, then APTOS could rebound back to prices above $15. Whether APTOS can do this depends on whether the broader market makes a rebound today. 

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