Aptos (APT) Ready For A Breakout? Analysts Eye 20% Rally If This Level Is Reclaimed
Aptos (APT) has experienced an 8% decline in the past 24 hours, falling below a key support level for the second time this week. The cryptocurrency dropped below its Macro Range Low of $5.44 for the first time since August 2024, closing March below significant levels after an 11% drop. Analysts suggest that APT needs to reclaim the $5.44 level to avoid a bearish retest and potentially reverse its price action. APT has been trading within a $5.45-$17 range since 2023, developing a third three-month base. Despite recent declines, a bullish divergence in the Relative Strength Index (RSI) indicates potential for a breakout. Analysts believe reclaiming the $5.44 level could lead to a 20% surge towards the $6.5 resistance. Currently, Aptos trades at $5.02, reflecting a 16.1% decline over the week.
