Aptos (APT) is catching traders' attention again as it maintains a key support level.
Current APT Price Fluctuations
APT is currently trading at $4.98. Recently, the price has been bouncing between $6.00 and $6.55, staying within a sideways trading range. The $6.00 level is acting as support, while $6.55 is the resistance level.
Technical Chart Structure of APT
Visual data suggests that Aptos has moved from a downtrend into a sideways consolidation. A possible W-pattern formation is visible, which typically signals a reversal when formed near strong support. The presence of long wicks and tight candles near the support level indicates buying pressure.
APT Outlook and Key Levels
Key price zones remain between $6.00 as support and $6.55 as resistance. As long as the APT price stays within this range, short-term moves are expected to follow technical reactions to these levels.
It is essential to monitor APT's developments as its price behavior around the support could determine whether the asset moves upward or downward.
