Aptos Double Bottom Pattern Points To $10 Bullish Target – Details

Aptos (APT) has experienced a 12.53% price gain in the past week, but remains in a corrective phase with an 8.75% loss on its monthly chart. Despite underperforming in the recent crypto bullish resurgence, market analyst PlanD predicts a major price surge ahead based on a bullish chart pattern. APT has been moving within a descending channel for two and a half years, but has formed a double bottom pattern in the past three months, indicating a potential bullish reversal. A breakout above $6.00 could trigger a broader market rebound, with price targets set around $9.92, representing a 100% gain. Beyond $9.92, sustained buying pressure could force APT to return to its cycle top at $17.90, which aligns with the upper boundary of the descending channel. A successful breakout above this channel could expose investors to lofty price targets as high as $55 and $79. However, APT bulls must avoid a price rejection at the $6.00 region, which would suggest a delay or invalidation of the predicted price surge. At the time of writing, APT trades at $4.88, reflecting a 2.41% decline in the past day, with a daily trading volume of $430.09 million and a market cap of $3.41 billion. Aptos ranks as the 31st largest cryptocurrency in the market.