Aptos has broken above its descending trendline, replicating past breakout structures that led to major rallies.
Analyst CryptoBullet notes this breakout comes with the largest green volume since January 2023, boosting market strength.
APT targets resistance between $7.00 and $7.50, with sustained momentum likely keeping price above the $5.00 support zone.
Aptos (APT) has had another notable breakout above its long term descending trendline, repeating a familiar historical setup. According to analyst CryptoBullet, the weekly candle shows a strong breakout similar to previous moves that preceded substantial rallies. The latest surge also came with the highest green volume since January 2023, highlighting renewed market participation and stronger buying activity.
Repeating Setup With Measured Rallies
Historical data shows that Aptos has followed this pattern twice before. In early 2023, APT rose about 215% after breaking above a descending resistance near $4.20, reaching a peak around $13.25
Source: CryptoBullet on X
A similar pattern emerged again in late 2023, when the price climbed nearly 94% from roughly $4.00 to $7.44. These movements, as noted by CryptoBullet, formed consistent breakout structures that resulted in mid-term rallies.
Aptos is trading above the $5.00–$5.40 range, another breakout above a multi month trendline. The setup aligns with past patterns, where price expansion followed a decisive breach of resistance. Notably, the larger trading volume this time adds weight to the ongoing upward movement, distinguishing it from earlier events.
The sharp increase in volume, as observed on the weekly chart, reinforces the latest breakout. Data shows that this is the strongest volume spike in more than two years, confirming intensified accumulation pressure
Such activity often reflects rising investor confidence and renewed liquidity entering the market. This increase in trading activity connects with historical cycles, where Aptos gained momentum after extended consolidation periods
However, for the rally to hold, the price must remain above the breakout zone near $5.00. Sustained trading above this level could maintain the bullish structure and encourage further price development.
Potential Range and Key Levels
With price momentum and volume both strengthening, attention now shifts to resistance levels near $7.00–$7.50. Previous breakouts led to similar percentage gains, suggesting a comparable target range if momentum continues. A break above this resistance could extend the move toward the $9.00 area.
However, a drop below $5.00 may prompt a retest of the $4.20–$4.00 support region. As seen in earlier cycles, these levels have acted as key pivots during corrective phases. For now, Aptos is within a recurring technical pattern, with volume confirming the strongest upside momentum since 2023.
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Aptos Breaks Long Term Trendline as Analyst Notes Strongest Volume Since 2023
Aptos has broken above its descending trendline, replicating past breakout structures that led to major rallies.
Analyst CryptoBullet notes this breakout comes with the largest green volume since January 2023, boosting market strength.
APT targets resistance between $7.00 and $7.50, with sustained momentum likely keeping price above the $5.00 support zone.
Aptos (APT) has had another notable breakout above its long term descending trendline, repeating a familiar historical setup. According to analyst CryptoBullet, the weekly candle shows a strong breakout similar to previous moves that preceded substantial rallies. The latest surge also came with the highest green volume since January 2023, highlighting renewed market participation and stronger buying activity.
Repeating Setup With Measured Rallies
Historical data shows that Aptos has followed this pattern twice before. In early 2023, APT rose about 215% after breaking above a descending resistance near $4.20, reaching a peak around $13.25
Source: CryptoBullet on X
A similar pattern emerged again in late 2023, when the price climbed nearly 94% from roughly $4.00 to $7.44. These movements, as noted by CryptoBullet, formed consistent breakout structures that resulted in mid-term rallies.
Aptos is trading above the $5.00–$5.40 range, another breakout above a multi month trendline. The setup aligns with past patterns, where price expansion followed a decisive breach of resistance. Notably, the larger trading volume this time adds weight to the ongoing upward movement, distinguishing it from earlier events.
Volume Expansion Strengthens Breakout Confirmation
The sharp increase in volume, as observed on the weekly chart, reinforces the latest breakout. Data shows that this is the strongest volume spike in more than two years, confirming intensified accumulation pressure
Such activity often reflects rising investor confidence and renewed liquidity entering the market. This increase in trading activity connects with historical cycles, where Aptos gained momentum after extended consolidation periods
However, for the rally to hold, the price must remain above the breakout zone near $5.00. Sustained trading above this level could maintain the bullish structure and encourage further price development.
Potential Range and Key Levels
With price momentum and volume both strengthening, attention now shifts to resistance levels near $7.00–$7.50. Previous breakouts led to similar percentage gains, suggesting a comparable target range if momentum continues. A break above this resistance could extend the move toward the $9.00 area.
However, a drop below $5.00 may prompt a retest of the $4.20–$4.00 support region. As seen in earlier cycles, these levels have acted as key pivots during corrective phases. For now, Aptos is within a recurring technical pattern, with volume confirming the strongest upside momentum since 2023.
The post Aptos Breaks Long Term Trendline as Analyst Notes Strongest Volume Since 2023 appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.