Categories: Crypto

APT Looking To Bottom: The End Of Aptos Crypto 2-Year Accumulation Soon?

Aptos is a very interesting crypto coin to chart. Its price history is nothing like many other coins because it has been range-bound for 2.5 years and seemingly hasn’t had a proper run yet. However, it has a relatively high market cap of $3.2 billion and an FDV of $5.8 billion—big numbers!

https://twitter.com/CryptoSmith0x/status/1937137816687071419?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow

One way to look at Aptos price chart is like Smith drew it – a descending channel. I’d consider it legit charting. Below we will explore a different option, primarily with horizontal lines.

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(APTUSD)

We start today’s analysis with the Weekly time frame. We have a clear low at $3+. RSI looks like it’s headed upwards again, with the new weekly candle looking rather strong. Investors would try to close in the $5 area! Plus, there is a spike in volume compared to the past ~10 weeks, which could mean a renewed buyer interest.

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(APTUSD)

On the Daily chart we see a bit more. The orange line is very good if it’s kept – that’s our 2025 low. That would be double bottom, if Aptos bottoms around $4. Currently we are facing resistance at $5 and MA50 together with MA100 combined. A break above $5 should push us to MA200, or near the $7 zone. RSI has gone in the upper half of its range, which usually indicates strength.

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(APTUSD)

Finishing our analysis with 4H timeframe, bulls love seeing the growth in volume accompanying the last pump. Looking like a V-shaped recovery, it broke the previous high, tested it and is now above all moving averages. Great initial strong move and a good entry from R:R perspective if one is to hold a multi-month position aiming for the highs.

Stay safe out there!

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