Aptos (APT) Could See A 95% Rebound, But It Must Hold This Level – Analyst
Aptos (APT) has reached a six-month low, hitting approximately $5 at the start of February. The cryptocurrency has since recovered 24% from this low, despite a significant drop of 34% from a daily high above $7. Analysts indicate that APT is trading within two horizontal levels: a higher range of $15 to $17 and a lower range of $4.80 to $5.45. APT must maintain support above $5.45 to stabilize and potentially rebound. The cryptocurrency is currently at a Macro Wedge Bottom, with a critical technical uptrend line around $5.97. A strong rebound is necessary to counteract diminishing returns observed in previous price movements. APT needs to break its 11-month downtrend and achieve stability above $5.45 for a future rally, currently trading at $5.74, reflecting a 23% weekly decrease.
