Aptos Price Set to Skyrocket or Crash? Key Signals You Need to Know!

Aptos (APT) has been in a downtrend since early 2023, with two lower highs, the latest in December 2024. This led to a 60% drop, but recent weeks show signs of recovery, forming a bullish pattern with positive divergences. Will this end the downtrend or is it a temporary rally?

APT's Trading Range and Technical Indicators

On the weekly chart, APT is still below a descending resistance trend line, rejected three times since early 2023. After the 60% drop, APT is now within its range of $5 to $10.50, holding for over two years.

However, technical indicators remain bearish. The RSI is below 50, and the MACD is negative, suggesting a potential breakdown and new lows.

Bullish Pattern on the Daily Chart

The daily chart shows a triple bottom pattern at the $5 support level, a bullish signal. Combined with bullish divergences in the RSI and MACD, APT could break out from the resistance trend line and rise toward $10.50.

The wave count also supports this, with a completed five-wave downward move. If correct, an upward A-B-C structure could bring APT to $10.50.

For a more detailed Aptos Price Prediction, check out our full analysis!

Key Levels to Watch

While the short-term outlook for APT is bullish, a close below the $5.50 long-term support would invalidate this potential rebound. In that case, APT could break lower, signaling further losses.

Aptos (APT) has formed a bullish pattern within its long-term range, suggesting a possible breakout to $10.50. However, the key to this rally is a breakout from the short-term descending resistance. If the price closes below $5.50, the bearish trend may resume, leading to new lows.