APT consolidates between $11 and $13.74, with a breakout likely determining the next trend.
Fibonacci levels highlight targets of $18.07, $19.48, and up to $39.83 in the long term.
A bullish engulfing candle and golden crossover maintain optimism, avoiding a bearish MACD signal.
However, with the broader market pullback, the APT price dropped to $15.03, accounting for a price drop of nearly 75%. Nevertheless, with the broader market recovery, the APT has now regained almost 70% of its lost value.
Currently, the APT price is trading at $12.65, accounting for a price jump of 151.30%. With an intraday gain of 7.11%, the APT price is currently consolidating between a price range of $11 and $13.74. These levels overlap with the 61.80% and 78.60% Fibonacci levels.
Hence, a bullish breakout of either of these levels will determine the upcoming price trend. With the current bullish engulfing candle at play, the upside chances are significantly higher.
The retracement tool highlights the next potential target for a new all-time high at $25.59, followed by $39.83.
These price targets seem unachievable in 2024 but could be possible in early 2025. Conversely, a slip below the 61.80% level is likely to pre-test the 50-day EMA at $10.