Aptos Forms Double Bottom Pattern Indicating Potential $10 Price Target

Aptos (APT) has seen a 12.53% price increase in the past week but remains down 8.75% monthly. The altcoin peaked at $6.14 during the recent bullish trend, while the market cycle top is around $17.90. Analyst PlanD suggests a potential bullish reversal based on technical patterns.

Aptos Price Analysis

APT has been moving within a descending channel for over two years.
Recent price action shows a double bottom pattern, indicating a possible bullish reversal.
A decisive close above $6.00 could target prices around $9.92, suggesting a potential 100% gain.
Breakout above $9.92 may lead to targets of $55 and $79.
Avoiding rejection at $6.00 is crucial; failure may indicate invalidation of bullish prospects.

Aptos Current Market Status

APT is trading at $4.88, reflecting a 2.41% decline in the last day. Daily trading volume is up 67.08% at $430.09 million, with a market cap of $3.41 billion, ranking it 31st among cryptocurrencies.