How did the under-pressure Aptos [APT] buck the trend and rise to $10.4?
As many altcoins fell, the overall cryptocurrency market fell into a slump, but Aptos (APT) showed strong resilience. In the past month, Aptos rose 46.58% and recently climbed another 5.14%. This performance has attracted widespread attention from the market. According to AMBCrypto's analysis, this rise may be just the beginning. Multiple indicators show that Aptos' bullish trend is strengthening and buyer activity has become more active.
Resistance turns support, pushing APT to continue to rise
After Aptos broke out of the ascending triangle, the 4-hour chart showed a period of consolidation, and the price fell to $7.46 and found support at this level. Previously, this price level had been a resistance level, and this shift laid the foundation for Aptos' recent rise. However, Aptos now faces a new resistance line challenge, and only if it breaks through this resistance can the price continue to rise.
If Aptos can successfully break out and maintain the upward trend, the next key target price will be around $10.41, where there is an important liquidity area, and the future trend of APT will be clearer after breaking through.
Technical indicators show that APT is in a bullish trend
Multiple technical indicators currently show that the trend of Aptos remains bullish. For example, the parabolic SAR indicator forms points below the price, indicating that the buying momentum is increasing, and as these points increase, the market's buying intention becomes more obvious.
At the same time, MACD (moving average convergence divergence) also sends a bullish signal. The MACD line (blue) has crossed the signal line (orange) to form a golden cross, which usually means that market participation is increasing, driving prices up.
On-chain indicators support APT's bullish sentiment
Not only technical analysis, but also on-chain data also reflect Aptos' bullish sentiment. According to Coinglass data, Aptos' trading volume and open interest rose by 18.84% and 6.35%, reaching US$1.32 billion and US$185.01 million, respectively. These data points to a clear increase in market activity that keeps pace with price increases, suggesting that Aptos’ upward trend is expected to continue.
In short, APT is currently expected to continue to climb, possibly even above the $10.41 price level, supported by multiple technical and on-chain indicators. Both market sentiment and technical analysis of Aptos suggest that the price is expected to rise further.
