The cryptocurrency Aptos (APT) is showing signs of recovery after a prolonged downturn. Recently, the price broke out of a downward channel and has started to rise steadily.
Trend Change for Aptos
Aptos had been stuck in a falling channel for a long time, which limited its growth. However, the price recently started to move upwards, bouncing from the channel's lower boundary and breaking through the upper trendline. This trend change may indicate a return of bulls in the market.
Price Growth Forecast
Analyst Crypto Charts noted that after the breakout, Aptos could see a short-term gain of 40%, with the potential for an increase up to 70% if momentum continues. This suggests that the APT price could soon reach around $7. "The $APT bullish flag breakout has already occurred on the H4 chart, and now we are expecting a 50-70% short-term rise," said the analyst.
Price Support Levels
To further strengthen its position, APT needs to hold above the $4.80 support level. The next key target is between $6.50 and $7, which aligns with previous highs. As long as the price doesn’t fall back into the old channel, bulls may remain in control.
Aptos is showing strength after a tough few weeks. The breakout and bullish pattern on the chart indicate the possibility of a significant rise. Analyst Crypto Charts anticipates a short-term gain of up to 70%, and the current market setup supports this projection.
