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After the last market corrections, APTOS (APT) has reconsidered its lowest levels in the Macro Group, where it has achieved its lowest level in six months in the beginning of February. According to the analyst, the recovery of the cryptocurrency and the continuous re -tests of this decisive level can lead to a recovery in the following months.
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Aptos recovers from the lowest level of 6 months
Aptos has regained 24 % of the last market correction, which sent Bitcoin to $ 91,000 and most cryptocurrencies to their lowest monthly levels. On Sunday, the distinctive symbol for a short period of 34 % of its daily height is raised above 7 dollars to its lowest price since August 2024.
Market Observer Dan Check Trading male This Apt has been moving within two horizontal levels since its launch. The higher horizontal level ranges from $ 15 to $ 17, while the lower area ranges between about $ 4.80 to $ 5.45.
During the retreat, Aptos did not sweep “the lowest levels of August”, but “hold it over an area of $ 5 again.”
Likewise, Rekt Capital analysis The last performance of the encrypted currency, explaining that “Apt has now decreased to the bottom of the macro, where he got support there during the production of negative waging below.”
Apt’s Macro Wedge Bottom is also “the technical trend line dating back to early 2023”, which is very important to maintain the technical trend and the overall market structure in general. Rekt Capital notes that the cryptocurrency should be printed weekly over this line, at about $ 5.97.
However, he indicated that in the monthly time frame, it appears to be within the Macro. The analyst explains that in this total range, APT appears to be developing a third group, but the price needs to retain the support area of $ 5.45 to maintain this range and apostasy.
If the cryptocurrency bears continuous stability above this level, this may be inverse in the following months, as previous groups witnessed “several after three monthly candles in the low range.”
However, the price can see several re -tests before recovery. He pointed out that the previous monotheism included a “negative fabric less than support.”
Suitable to break in three months?
If APTOS reverses, its price must be broken down for 11 months. According to the Rekt Capital analysis, the rejection of the landline line, followed by a decrease to the low range, can “spell that a rebound of the macro range has become weaker, indicating weak support there.”
As a result, APT needs a strong recovery from this total range to “counter the decreasing returns” that appear to be evolving from this range.
Rebound 2023 witnessed that Aptos bounces by 211 % of its lowest levels before facing resistance near ATH levels, while a recovery of 2024 jump scored 145 % before recovering from the $ 13 sign.
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This indicates a decrease in capabilities in the revenue from the low range, indicating that APTOS should climb 95 %, higher than the $ 11 resistance, out of the declining direction line.
The analysis concluded that the stability of prices at 5.45 dollars is vital to the currency currency collection, and that the monthly closure above this level is necessary to restore future prices and re -test the declining direction.
As of the writing of these lines, APT is trading at $ 5.74, a 23 % decrease in the weekly time frame.
Distinctive photo of Unsplash.com, Chart from Tradingview.com