Emerging Bullish Pattern May Push Aptos(APT) Price To $6.68

Published by a 4 hour ago
Brian Bollinger Aptos price has formed a double bottom pattern amid the ongoing consolidation of the crypto market. This bullish reversal pattern can be seen in market bottoms and provides a strong entry opportunity. Currently, the altcoin shows a breakout attempt from $4.7, which will encourage a recovery rally to surpass the $5.48 neckline resistance.advertisementKey points: The Aptos coin needs a $4.7breakout to obtain an additional dose of sustained recovery
Further growth potential is indicated by a bullish divergence in RSI slope
The Aptos’ intraday trading volume is $895.5 Million. This indicates a 52% gain.
Source: TradingviewThe Aptos coin price fell to $3.78 during the sell-off in crypto markets last week. The altcoin recovered from the decline and traded at $3.78 for the second week. The price recovered from the support on November 14th with a bullish engulfing candle lasting 4 hours. It currently trades at $4.68. The price rise is accompanied by a rising volume, which indicates a real recovery and a high probability of breaking the $4.7 local resistance. Trending StoriesThis potential breakout could provide buyers additional support to continue the recovery. Prices may rise 16.6% to $5.48 if there is continued buying. This recovery rally would also close to complete the formation a double bottom pattern. Furthermore, in response to the bullish pattern, the price would continue to the recovery march.This development should raise the altcoin by 46.2% to reach $6.85.Technical indicatorRelative Strength Index: the 4-hour chart RSI slope shows an evident bullish divergence bolstering the motives of bullish theory.advertisementEMAs: the 50-day EMA moving at the $4.8 mark offers an additional barrier against the potential bullish recovery.Aptos Price Intraday LevelsSpot rate: $4.69
Trend: Bullish
Volatility Low
Resistance level – $4.7 and $5.4
Support level: $3.78 and $3.5
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