Crypto analyst Pierre shared insights on the key conditions for Aptos’ (APT) next big move as the token is gaining attention as it approaches a major resistance point.
His analysis revealed that APT’s price has held firm above critical levels, but a breakout through the “big boss level” could propel it to new heights. Pierre’s insights, combined with technical indicators, suggest that Aptos may be at a pivotal moment, with the potential for strong bullish momentum if these levels are maintained.
Apto (APT) Price Holds Key Support Trendline
The chart for Aptos on the daily timeframe (D1) indicates a sustained uptrend, with an ascending trendline acting as foundational support. Pierre noted that APT’s recent price action saw a retest of this trendline, which successfully held, reinforcing the bullish momentum.
This trendline’s stability, along with support from the 300-day moving average (D1 300 MA), provides a solid foundation for APT’s price potential upward trajectory.
Pierre’s tweet highlighted the necessity for Aptos to “hold the D1 trend if/when retested, especially if in confluence with D1 300 MA,” indicating that this trendline acts as a critical support level. The continued defense of this area suggests strong market confidence, which could support future gains if maintained.
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Furthermore, while APT has held key support levels, Pierre points out that breaking the “big boss level,” located in the low double digits, is essential for the continuation of the uptrend.
This resistance zone has proven challenging, marking a major obstacle for bulls aiming to push the price higher. Pierre’s tweet stresses that a breakout above this level could lead to a substantial upward move, opening the door for price expansion.
Image Source: X/Pierre
Moreover, this area has historical significance, serving as a point of strong resistance to previous price movements. Its importance lies in the fact that overcoming it may signal renewed buying interest and a potential surge in APT’s price.
Read Also: Is Mantra (OM) Price About to Skyrocket? Cup & Saucer Pattern Signals Major Gains!
Confluence of Support from 300-Day Moving Average
The 300-day moving average (D1 300 MA) is a crucial indicator in APT’s current trend structure, aligning closely with the trendline and primary support zone highlighted on the chart.
This moving average provides additional support, reinforcing the potential for bullish continuation if the price remains above it. A break below this average could indicate waning momentum while maintaining this level would suggest APT’s price may be poised for further growth.
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