Cryptocurrency Aptos is currently trading at the lower boundary of its price range, forming a potential rounded bottom pattern. The $3.65 support level offers interesting opportunities for traders.
Technical Aspects of the Current Situation
Aptos is priced around $3.65, which is the low of a multi-month range. This level represents a long-term support and has historically initiated sharp bullish reversals. The existence of this level reinforces its significance as structural support.
Formation of a Rounded Bottom
Current price action suggests a rounded bottom is developing—a classic accumulation pattern that typically forms at market lows. This may signal a shift in control from sellers to buyers as selling pressure diminishes and demand gradually builds. The longer Aptos consolidates at this level, the higher the likelihood of a bullish breakout.
Future Price Movements Expected
If Aptos confirms this rounded bottom formation and begins to rise, the next key target will be around $14, aligning with the 0.618 Fibonacci retracement from the prior move and significant resistance level. A move from $3.65 to $14 would indicate a potential 250% rally, presenting an attractive risk-reward scenario.
The support at $3.65 is crucial for Aptos, and confirmation of the rounded bottom along with increased volumes may indicate possible bullish movement in the near future.
