After recent market corrections, Aptos (APT) revised the stockings of its macro range, reaching a six -month low in early February. According to an analyst, recovery of cryptocurrency and the reestes in progress of this crucial level could lead to a rebound in the following months.
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Aptos recovers from 6 months of stockings
Aptos has recovered 24% on the recent market correctionWho sent Bitcoin to $ 91,000 and most cryptocurrencies at monthly stockings. On Sunday, the token briefly deposited 34% of its daily life more than $ 7 at its lowest price since August 2024.
Market Watcher Daan Crypto Trades note This Apt has moved in two horizontal levels since its launch. The upper horizontal level varies from $ 15 to $ 17, while the lower area varies from about $ 4.80 to $ 5.45.
During the hindsight, Aptos “did not quite swept away the stockings of August” but “again maintained the same zone of $ 5,” said Daan.
Likewise, the Crypto Rekt Capital analyst analysis The recent performance of the cryptocurrency, explaining that “Apt has now fallen into the background of the macro corner, holding support while producing an evolution below.”
The background of the APT macro-coin is also the “technical line of upward trend dating from the beginning of 2023”, which is crucial to maintaining the technical rise and the macro structure of the market in general. Rekt Capital suggests that cryptocurrency must print each week closed above this line, at around $ 5.97.
However, he noted that, within the monthly time, APT seems to be in a macro range. The analyst explains that, in this macro range, Apt seems to develop a third cluster, but the price must contain the crucial support area of $ 5.45 to maintain this range and this rebound.
If cryptocurrency is continuous stability Above this level, it could be reversed in the following months, because the previous clusters saw “several after three monthly candles at the low range”.
However, the price could see several repetitions before a rebound. He stressed that the previous consolidations included a “support for drop below”.
Capable of breaking in three months?
If Aptos reverses, its price must break its tendency down 11 months. According to the analysis of Rekt Capital, a rejection of the downline line, followed by a drop in the low beach, could “spell that the rebounds in the Macro Low are weakening, weakening the weakening support there”.
Consequently, Apt needs a strong rebound in this macro range “to go against decreasing returns” which seem to develop from this range.
The 2023 rebound saw the Aptos rebound at 211% compared to the low -end before facing the resistance near ATH levels, while the price rebound of 2024 recorded a leap of 145% before being at from the $ 13 mark.
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This suggests a potential decrease in low beach feedback, reporting that the Aptos must climb 95%, above the resistance of $ 11, to get out of the downline line.
The analysis concluded that price stability at $ 5.45 is vital for the cryptocurrency rally, and a monthly fence above this level is necessary for a future price rebound and a rehabilion of the trend downward.
To date, APT is negotiated at $ 5.74, a drop of 23% in the weekly time.
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