Aptos (APT) Price Eyes Massive Rally Beyond Key Level: Expert Charts Next APT Targets

The crypto market charts a bullish trajectory again, and Aptos (APT) has not been left out. Analysts suggest the asset is nearing a crucial breakout point, with key price targets ahead.

Aptos (APT) price has been closely watched by traders and investors alike, and recent analysis suggests that the asset is nearing a crucial breakout point. Key price targets have been identified ahead of a potential strong upward move.

In a recent analysis, Michaël van de Poppe, a market analyst and founder of Eight Global, highlighted key levels to watch for a potential Aptos breakout. According to van de Poppe, APT is currently accumulating within a crucial zone, with $8 support and $10.36 resistance. A breakout from this range could determine the next directional move for the token.

Aptos Price Trends And Market Setup

Van de Poppe noted that Aptos has undergone a major correction, dropping from a high of nearly $20 to its current range of around $8.42. However, despite this dip, he pointed out that the coin is still in an accumulation phase, with strong buyer interest around this level. The market’s response to this zone suggests that Aptos is preparing for a potential rebound.

“$APT has seen a massive correction, however, in terms of accumulation, it’s not in a bad territory. Expect that it breaks $10 and then the next run is likely going to be big.”

Aptos trades at about $8.67 based on CoinGecko data, which reflects a 4.81% rise in the past day. Over the last week, however, it has seen a slight decline of 3.55%. Van de Poppe believes that holding the $8 level is crucial for sustaining bullish momentum and setting the stage for a breakout.

Aptos Price Could Rally To $16.74, $19.21

The chart analysis highlights $10.36 as a key resistance level. Van de Poppe emphasizes that a break above this point could lead to a strong upward move. The next key targets include $16.74 and $19.21, which represent major historical resistance levels.

A breakout from the current accumulation zone could yield a 59.89% surge to $16.74, based on previous price patterns. If Aptos surpasses this level, a further rally toward $19.21 could follow, marking an 83.09% gain from the anticipated breakout point. However, failure to hold above $8 could invalidate the bullish outlook, potentially leading to a retest of lower price levels.

Aptos Indicators Signal A Potential Move

Technical indicators suggest that Aptos is nearing a decisive moment. The RSI remains in a neutral to slightly oversold zone, indicating a possible shift in momentum. Meanwhile, trading volume has declined during the consolidation phase, a common sign of accumulation before a breakout.

Experts suggest that a surge in volume alongside a price move above $10.36 would confirm the next bullish wave. If momentum builds, APT could see a sharp rally toward the outlined targets, aligning with historical trends.

With the crypto market regaining strength, Aptos is positioned for a potential breakout. Van de Poppe emphasizes that breaking $10.36 is the key to unlocking upside potential. If bullish momentum picks up, APT could see a rapid surge toward $16.74 and $19.21. However, failure to hold key support levels might lead to further downside risks.

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