Time to Buy Aptos (APT) Cheap? This Chart Pattern Signals a 10% Move for the Price!

Aptos (APT) is catching the attention of traders again as it continues to hold strong at a key support level.

Aptos (APT) price has been quietly holding a key support level as the market continues to move shakily.

As one crypto analyst highlighted, even with the broader market showing signs of instability, Aptos has managed to stay within a local trading range and remain above a macro support zone.

At the time of writing, APT is trading at $4.98.

For some time 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 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 type of movement, where support and resistance are repeatedly tested without being broken, usually signals indecision in the market. It could also be a sign that traders are either accumulating or distributing their positions at these price levels.

The chart shared by Sjuul shows that if the $6.00 zone holds once again, we might see APT price head back up toward $6.55, potentially gaining around 10%.

APT price technical chart structure

The visual data shows that Aptos has moved from a downtrend into a sideways consolidation phase. The potential formation of a W-pattern is also 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. As the current price is trading below the established range, attention will be focused on whether the support holds.

In the tweet, AltCryptoGems adds that despite the 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 is also optimistic, as 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.

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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