- Aptos flashed a buy signal, hinting at a potential breakout.
- Breaking key resistance could push APT toward $7.82 and beyond.
- Declining social interest may challenge sustained price momentum.
Aptos—APT, is flashing a major buy signal, hinting at a possible rebound. The TD Sequential indicator on the weekly chart suggests a trend shift. Traders now wonder if this signal will spark a rally or fade into another pullback. APT trades at $6.18, reflecting a 1.19% increase over the last 24 hours. The price movement shows potential but also presents challenges. A fierce battle between buyers and sellers will decide the next big move.
Will APT Break Key Resistance?
Aptos has seen sharp price swings in recent months. After reaching $9.80, strong resistance forced a decline, leaving APT hovering near $6.19. A breakout could send prices soaring toward $7.82 and possibly higher. Failure to move past resistance may trigger another drop, with support at $5.68. The next few trading sessions will determine if buyers can take control.
For context, the Relative Strength Index sits at 38.35, signaling oversold conditions. Increased buying pressure could fuel a sharp recovery. Notably, liquidations reached $9.96 million, with most coming from short positions. These forced exits pushed the price higher, adding momentum to the recent surge. More short sellers getting squeezed could drive further gains.
Will Market Interest Keep APT Moving?
Interestingly, Aptos faces another challenge—declining social engagement. Social Dominance has dropped to 0.072%, while mentions peaked at just 16. A lack of interest could make sustained growth difficult. A strong breakout needs more than price action. Renewed excitement from traders and investors remains crucial. If engagement increases, APT could maintain momentum and push higher.
If interest fades, resistance levels may become harder to break. Aptos shows potential for a rally, but major hurdles remain. A breakout above $7 needs technical strength and market enthusiasm. If momentum holds, gains could continue. Without fresh interest, the rally may lose steam, leaving buyers struggling to regain control.