Aptos (APT) has completed an important technical move by breaking out of a long-term descending trendline and retesting it as support.
Aptos Finds Support at Key Level
The signal for the recent breakout was highlighted by Rose Premium Signals. The analysis confirms that the retest aligns with the 0.618 Fibonacci retracement level, strengthening the likelihood of a bullish continuation.
What Lies Ahead for APT?
If the retest holds, Aptos could be gearing up for the next growth phase. According to the analysis, the first target level is around $6.20, and the next is approximately $7.40. Both of these levels may become zones where traders look to take profits.
Outlook and Trading Levels
At the time of the analysis, APT is trading around $5.39. The bullish scenario remains valid as long as the price holds above the broken trendline and the key Fibonacci level around $5.20. All signs suggest that Aptos may be ready for its next rally phase.
Aptos (APT) shows positive signals, and traders should keep an eye on those target levels and monitor APT's behavior in the coming days.
