Aptos (APT) is catching the attention of traders again as it continues to hold strong at a key support level. Crypto analyst Sjuul shared a chart on X showing that, even with the market being shaky, the price of Aptos is still moving within a local range and holding its ground around macro support. At the time of writing, APT is trading at $4.98.
For a while now, APT has been bouncing between $6.00 and $6.55, staying in a sideways trading range. The $6.00 level has been acting like a floor, with the price touching it several times and bouncing back up. On the other hand, $6.55 is where it keeps running into resistance and pulling back.
This kind of movement, where the price keeps testing support and resistance but doesn’t break through, usually signals that the market isn’t sure where to go next. It could be a sign that traders are either accumulating or distributing their positions. The chart Sjuul shared points to a possible bounce off the support, suggesting that if the $6.00 zone holds once again, we might see APT price head back up toward $6.55, potentially gaining around 10%.
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What you'll learn 👉
APT Price Technical Chart Structure
The visual data suggests that Aptos has moved from a downtrend into a sideways consolidation phase. The potential formation of a W-pattern is visible, which typically signals a reversal when formed near strong support. This pattern includes a double bottom structure, where the price dips twice to the same level before moving upward.
The presence of long wicks and tight candles near the support level indicates buying pressure. Although volume is not shown in the chart, the candle patterns support the idea that buyers are active near the macro support zone. The current price, trading below the established range, is attracting attention as traders wait to see whether the support will hold.
In the tweet, AltCryptoGems states that despite market uncertainty, Aptos price is “holding pretty well.” The analyst mentions that multiple tests of the same support level may warrant a potential sweep of lows before any action. This suggests a watchful approach rather than immediate trading.
The tone of the post leans toward a cautious optimism. The projected path drawn on the chart shows a bounce from the support area with a target near the range high. However, if the support zone fails to hold, a drop below the current trading price is possible.
Aptos Price Outlook and Key Levels
The key price zones remain between $6.00 as support and $6.55 as resistance. As long as the APT price stays within this range, short-term moves are expected to follow technical reactions to these levels. Traders watching Aptos will likely wait for confirmation of either a breakout or breakdown.
The tweet and accompanying chart have drawn attention across the trading community. APT remains in a technical setup where price movement is defined by support strength and market reaction to historical levels. Whether the asset sees an upward move or a decline will depend on how it performs around the current price zone.
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