APT/USDT Analysis (Summary)
Overview:
The chart indicates a large double bottom formation, which is a bullish structure with long-term upside potential.
Support and Resistance Levels:
Supports:14.35 USD (Fibonacci 0.618 level). Staying above this level supports further upside.Target Resistances:20.44 USD30.19 USD (Fibonacci 1.618 level, a key resistance).45.78 USD (long-term resistance).
RSI (66.73):
RSI is approaching the overbought zone, indicating the price might cool off slightly in the short term.
Bullish Scenario:
If the price remains above 14.35 USD, further upside toward the mentioned resistance levels can be expected.
Downside Risk:
A close below 14.35 USD could invalidate the double bottom pattern, increasing the risk of a drop toward the 12 USD level.
Conclusion:
In the short term, support levels may be tested.For long-term investors, the structure looks promising. However, caution is advised if the price falls below the 14.35 USD level.