Aptos (APT) Bulls Defend Key Levels, Setting Sight on $10

Aptos has been going through a rough patch lately, but things might be looking up. After sliding downward for a while, the token seems to have hit a solid floor where buyers are stepping in.

Aptos (APT) Bulls Defend Key Levels, Setting Sight on $10

Aptos has been enduring a rough period, but things might be taking a turn for the better. After sliding down for a while, the token appears to have hit a solid floor where buyers are stepping in.

Market observers believe this could be the turning point they’ve been waiting for – although as with anything in crypto, nothing is set in stone. The shift in momentum has attracted attention, especially from traders who have been tracking Aptos’s ups and downs.

Crypto analyst Nilesh Rohilla highlighted APT’s recent price movements, noting that the token initially formed a descending triangle before breaking below support.

But buyers stepped in the $4.30–$4.50 zone, triggering a reversal. The price turned earlier obstacles into support as it crossed resistance levels, indicating fresh bullish momentum.

📊 $APT Technical Analysis (4H Chart ) 🚀1️⃣ Trend Breakdown & Recovery$APT initially formed a descending triangle that led to a sharp breakdown below support.

Price found a strong demand zone around $4.30-$4.50 and reversed upwards.

After breaking out of the falling wedge, $APT… pic.twitter.com/u4FTYSelBE

APT, at press time, is attempting to strengthen its position above crucial support zones by trading around $6.27. Rohilla identifies $7.50, $9.00, and $12.50 as resistance, while $6.50 and $5.80 are now critical levels acting as support. If market conditions remain positive, a breakout above $7.50 could lead to a more substantial move toward the $10–$12 range.

Aptos Technical Indicators Suggest Mixed SignalsSeveral indicators offer insight into APT’s potential trajectory. The RSI currently sits at 44.67, hovering in a neutral-bearish zone. While the metric has recovered from oversold conditions, it remains below the crucial 50-point level, suggesting a need for further confirmation of bullish momentum.

Bollinger Bands analysis reveals a narrowing range, indicating reduced volatility. The price recently bounced off the lower band, hinting at a potential mean reversion toward the middle band, situated around $6.69. A breakout past this level, with volume confirmation, could strengthen the short-term bullish case, targeting the upper band near $8.00.

Meanwhile, the MACD shows early signs of a trend shift. The MACD line has crossed above the signal line, hinting at a possible transition from bearish to bullish territory. However, a lack of strong volume casts uncertainty over the strength of this reversal.

Read also: Pi Network (PI) Dips 60% After Launch—And It Could Get Worse: Here’s Why

APT Market Outlook: Reversal or Consolidation?Aptos’s market position remains at a crossroads. Rohilla highlights the importance of holding support at $6.50 while eyeing $7.50 as a key breakout point. If the token maintains momentum and crosses resistance levels with volume confirmation, a breakout toward double-digit prices is on the cards.

On the other hand, a failure to hold $6.00 could invite more selling pressure, with possible support seen between $5.40 and $4.80. A RSI drop below 40 and a decrease in buying volume would strengthen a bearish outlook, increasing the possibility of a retest at lower levels.

Higher lows and key resistance flips are aiding Aptos in its transition from a downtrend to a bullish pattern. While indicators suggest a potential for recovery, a confirmation through increased volume and a decisive break above $7.00 is crucial. If market conditions align, we could see APT moving toward double-digit price levels in the upcoming trading sessions.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.

Get all our future calls by joining our FREE Telegram group.