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- Aptos has consolidated within a falling wedge, holding support between $4.61 and $6.00, signaling a potential breakout.
- The first key resistance stands at $10.19, followed by $16.03 if bullish momentum continues.
- APT trades at $6.15, with a 4.23% daily gain, a $3.6B market cap, and rising volume indicating increased buying interest.
Aptos has indicated a probable breakout after recovering from a key support zone. The digital asset has been converging within a falling wedge pattern on the weekly timeframe, indicating a possible change in trajectory.
Aptos Bounces from Major Support Zone
APT has held firm at a critical support level, preventing further downside movement. The falling wedge pattern, identified on the weekly timeframe, has historically been associated with potential bullish reversals.
Rose has noted a descending wedge pattern, followed by a breakout towards the upside. The support zone is marked between $4.61 and $6.00, holding the price before an upward move. Price targets include $10.19 and $16.03, indicating a potential rise. A downside risk level is positioned at $3.54, defining the invalidation zone.
A confirmed breakout from the falling wedge pattern could propel Aptos toward notable price targets. The first key resistance level stands at $10.19, which has acted as a significant barrier in previous price movements. If momentum continues to build, the next target at $16.03 may come into play. These levels represent areas of interest where traders and investors may monitor for price reactions.
Bullish Momentum and Market Insights
Indicators point to strengthening bullish momentum, with increased buying interest evident. A breakout confirmation remains crucial to validate further upside movement. If volume continues to rise, the probability of Aptos reaching the projected price targets will increase.
Tracking CoinMarketCap data, APT is trading at a price value of $6.15, glancing at a 4.23% gain in the past 24 hours. The market cap stands at $3.6 billion, rising by 6.26%. Trading volume in the last 24 hours reached $259.61 million, marking a 9.79% gain.
The fully diluted valuation is $7.02 billion, with a circulating supply of 586.52 million APT. Aptos is positioning itself for a possible breakout as the price rebounds from support. The falling wedge pattern remains intact, with targets at $10.19 and $16.03 within reach.