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 #APTđ„ could rally another 80% to $19.5. The price is trading above key EMAs, indicating bullish sentiment. Fundamentals support this outlook:
TVL has increased 125% since August, reaching $739 million.
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.