Aptos (APT) Price Breaks Key Resistance Levels – What's Next?

The Aptos (APT) price is up over 20%, and it is trading at over $10. It is currently the top gainer in the market. Additionally, there was a 133.98% increase in its trading volume, indicating that investors are purchasing APT.

The price of Aptos (APT) has surged by over 20% on Monday, making it the top gainer in the cryptocurrency market.

The coin is currently trading at over $10, and its trading volume has increased by 133.98% in the past 24 hours, according to CoinMarketCap.

This breakout from a long-standing downtrend sets the stage for further potential gains. But what is behind this price surge, and what can traders expect next?

Aptos price breaks key resistance levels

As noted by World Of Charts, Aptos had been trading within a bearish descending channel for several months, with its price steadily declining.

The downtrend saw APT’s price fall from its highs near $25 to around $4.20 by mid-August.

However, the downtrend came to an end when the price broke out of this channel in late August, signaling a change in momentum.

According to the analysis, the breakout occurred at around $6.071, where liquidity was reset, providing a base for the price to push higher, breaking through key resistance levels.

Theارية liquidity at this zone acted as a pivot for the price to ascend.

Aptos price targets and liquidity zones

In another tweet, Trade Travel Chill highlighted that Aptos price reached the analyst’s $10 target with no signs of slowing down.

The APT chart identifies key liquidity zones that have played a significant role in this rally.

The liquidity reset around $6.071 acted as a base, allowing APT’s price to push higher, breaking key resistance levels.

The current liquidity zone near $10.238 presents a critical area of resistance.

If the Aptos price breaks through this level, analysts predict a potential move toward the next resistance at $11.404.

On the other hand, long-term traders may find buying chances on a retreat to support levels such as $7.798 or $6.071.

Moreover, the 50-day and 200-day moving averages are technical indicators that lend credence to the optimistic outlook.

Aptos price is currently trading above both moving averages, suggesting that the rise might continue.

Furthermore, Aptos price movement over the 200-day moving average is considered a sign of optimism and a crucial indicator of the direction of the long-term trend.

As Aptos continues to show strong momentum, traders are watching key levels for further developments.

The immediate resistance at $10.238 will be a crucial test, with a potential upside toward $11.404 if the bulls maintain control.

However, any pullback could see support levels around $7.798 coming into play.

Analysts remain optimistic, with many looking for opportunities to add to their positions during any retracement.