Aptos ($APT ) is showing clear signs of recovery, rebounding more than 146% from a low of $4.36 in the past two months. Currently, APT is trading at around $9.80, and this rise indicates a bullish shift in the short-term and medium-term trend. The cryptocurrency has established a support level of $5.50, a price level that has been tested by the market on multiple occasions, showing the importance of its support.

APT’s recent price action has seen it break above the 50-day and 200-day moving averages, which could signal a potential “golden cross.” However, the price encountered resistance near the $10.40 level, which is in line with the yearly volume-weighted average price (VWAP), causing the price to pull back slightly.

Despite the pullback, the overall trend of APT remains up, supported by technical indicators such as price action and oscillators. Although the current market conditions look favorable for APT, it needs to break above key resistance levels if APT wants to maintain its bullish trend.