Aptos continues to defend a critical long-term support zone, indicating a potential accumulation phase and readiness for future growth.
Key Support at $3.52
The $3.52 support level has remained stable for several months. This level has historically served as a foundation for impulsive rallies, and repeated tests of this level without a downside break suggest that an accumulation phase is currently underway. If buyers regain control and surpass critical technical levels, Aptos may stage a breakout targeting the $14.50 level.
Features of the Accumulation Phase
An accumulation phase is typically characterized by prolonged sideways price action within a tight range. In the case of Aptos, the consolidation near $3.52 seems to be forming a potential base for a reversal. A breakout from this range will require a clear reclaim of the point of control, which acts as the midpoint of the current range.
Price Movement Forecast for Aptos
As long as the $3.52 support holds, Aptos remains in a potentially bullish accumulation zone. A reclaim of the point of control and breakout through key resistance levels, especially with rising volume, could send the price towards $14.50. Until then, price action is likely to remain within the range, oscillating between support and resistance zones.
Thus, Aptos demonstrates buyer interest at the $3.52 support level, and maintaining this level may lead to significant growth in the future.
