Aptos Price Prediction: APT bulls target $19 as TVL reaches $1.29 billion

Aptos (APT) price trades above $14 on Tuesday after bouncing off the previous week’s key level. Data from crypto intelligence tracker DefiLlama shows that  APT’s Total Value Locked (TVL) reaches record levels, indicating growing activity and interest in the Aptos ecosystem, hinting at a rally ahead.

Aptos price looks promising

Aptos price was rejected at the $15.03 level on December 7, declining more than 20% in the next three days. However, ATP retested and bounced off the daily support of $10.26 on December 11 and recovered most of its recent fall until Monday. At the time of writing on Tuesday, it extends the recovery trading around $14.17.

If APT continues its recovery and closes above the $15.03 level, it will rally 27% to retest its yearly high of $19.37 seen in March.

Aptos momentum indicators further support the bullish thesis. The Relative Strength Index (RSI) on the daily chart reads 57, above its neutral level of 50, indicating bullish momentum is gaining traction. Additionally, the Moving Average Convergence Divergence (MACD) indicator is about to flip a bullish crossover on the daily chart. If the MACD line crosses over the signal line, it would give buy signals suggesting upward momentum.

APT/USDT daily chart

Data from crypto intelligence tracker DefiLlama data shows APT’s TVL increased from $1.14 billion on December 11 to $1.29 billion on Tuesday and has been constantly rising since mid-November.

This increase in TVL indicates growing activity and interest within the Aptos ecosystem. It suggests that more users deposit or utilize assets within APT-based protocols, adding credence to the bullish outlook.

APT TVL chart. Source: DefiLlama

However, the bullish thesis would be invalidated if Aptos daily candlestick closes below $10.26; APT would extend the decline to retest its psychological importance level of $10.