Since mid-September, $APT has rallied 86% from $5.65 to $10.55, breaking key resistances at $7.5 and $10.2. This breakout signals the end of a 6-month consolidation.

Technical analysis suggests #APTđŸ”„ could rally another 80% to $19.5. The price is trading above key EMAs, indicating bullish sentiment. Fundamentals support this outlook:

  1. TVL has increased 125% since August, reaching $739 million.

  2. Futures open interest surged from $54.58M to $250M, showing increased speculative activity.

    These factors point to growing investor confidence and network activity, potentially driving APT's price higher.

However, a failure to hold above $10.2 could trigger a bearish reversal, continuing the symmetrical triangle pattern.

Traders should monitor the $10.2 level closely for confirmation of the bullish trend or potential reversal.