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.
Analyst Michaël van de Poppe shared his insights on APT’s setup, highlighting a key resistance level that could trigger a strong upward move.
What you'll learn 👉
Aptos Price Trends and Market Setup
Van de Poppe noted that APT has undergone a major correction. The token dropped from a high of nearly $20 to its current range of around $8.42.
Despite this dip, he highlighted that the coin remains in an accumulation phase, with strong buyer interest around this level. The market’s response to this zone suggests Aptos is preparing for a potential rebound.
The markets are slowly waking up again.$APT has seen a massive correction, however, in terms of accumulation, it's not in bad territory.
— Michaël van de Poppe (@CryptoMichNL) January 21, 2025
Expect that it breaks $10 and then the next run is likely going to be big. pic.twitter.com/AX566OJwcA
Aptos trades 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.
Key Levels to Watch for an APT Breakout
The chart analysis highlights $10.36 as a key resistance level. Van de Poppe emphasized 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 APT 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.
Read also: This Simple Formula Explains Why Kaspa (KAS) Is Still a ‘Strong Buy’
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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