Aptos [APT] The last 24 hour saw gains in Bitcoin of 1.34%, following a weekly rise of 15.8%. Bitcoin gained 1.34% over the last day, following a week-long rally of 15.8%. [BTC] It has also done well. Gaining 1.5%, it was close to the resistance level of $90k at time of publication.
Bitcoin’s recent price movement was probably a result of a mix of technical factors, as well as the impending expiration date for options on Friday. The market could see a rally over the short term in the next few days. Are traders on the defensive, or are APT bulls going to benefit?
Aptos Long-term Trend Analysis
In August of 2024 Aptos The altcoin bounced off the swing low of $4.32. Altcoins rallied up to $15.33 by the end of 2018. The altcoins were supposed to have a great year in 2025, but it’s been a doom-and-gloom one.
During the 10/10 crash the $4.32 swing-low was used as support, but Aptos bulls were unable to resist the sellers. The $1.72 extension was being used as a resistance level at the time this post was written.
The RSI bounced back from extreme oversold levels, while the OBV hit lows that had not been seen since 2022. In recent weeks, they showed a persistent selling pressure against APT.
Can Bitcoin revive help reverse Aptos’s decline?
AMBCrypto reported Analysts do not anticipate a sustained Bitcoin From here, the trend is up. The best case scenario was a rise towards $100k or even as high as $112k. This would be driven by liquidity.
Whale accumulation It was an encouraging sign but may not have been sufficient to stop the trend. It meant traders could look out for a bounce in the short term, but should not expect to see the downtrend reverse over time.
Traders’ call to action – Trade the range, remain bearish
Source: TradingView, APT/USDT
Charts of the lower timeframe showed that a formation ranged between $1,56 and $1.69. The traders can enter by targeting the opposite extremity of the range. If the breakout and retest of $1.7 is successful, we can expect a move to $1.9 or $2.
If the price falls below $1.56, it would indicate that this downtrend will continue.
Conclusions
- Aptos may see its price rise towards $2, if Bitcoin reaches $100k.
- A rally in Aptos may not last very long given the extreme long-term decline and lack of purchasing pressure over recent weeks.
Disclaimer: This information is not intended to be a financial, investment or trading advice. It represents the sole opinion of the author.
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Source: ambcrypto.com
