Aptos Must Maintain $5.45 Support to Potentially Rebound 95%
Aptos Market Update
Aptos (APT) has hit a six-month low amid recent market corrections, but has since recovered 24%. Key points include:
- APT briefly dropped 34% from a high above $7 to its lowest price since August 2024.
- The cryptocurrency is trading within a Macro Range, with upper levels at $15-$17 and lower levels around $4.80-$5.45.
- Support has held around the ~$5 area without sweeping August lows.
- Rekt Capital indicates APT must maintain support above $5.45 for potential rebounds.
- A monthly close above this level is crucial for reversing the current downtrend.
If stability is achieved, APT could target a break above the $11 resistance to exit the downtrend line.
Current price: $5.74, reflecting a 23% decrease over the week.
