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Aptos (APT) is holding steady at a critical long-term support level near $3.20, a zone that has historically preceded significant bullish reversals. A breakout above resistance levels could pave the way for a potential rally toward the $19–$20 range.

Technical Analysis: Key Levels to Watch

Aptos is currently trading at the lower boundary of a high time frame range. This zone, which aligns with the value area low, forms a strong technical confluence around the $3.20 price level. Historically, this region has acted as a robust support base, with price action respecting it multiple times since 2022. Each bounce off this level has been followed by bullish rallies toward the $19–$20 resistance zone.

The current price structure suggests that accumulation is underway, potentially setting the stage for a classic rounded bottom formation. This pattern often indicates a reversal setup. However, a decisive break above the Point of Control (POC) is essential to confirm the start of an expansion phase. Until that happens, Aptos is likely to remain range-bound, though the overall outlook leans bullish.

Key Technical Points

  • Major Support: $3.20 range low in confluence with the value area low
  • Key Resistance: Point of Control (POC), which needs to be broken with substantial volume
  • Target Resistance Zone: $19–$20, the long-term range high

Understanding the Current Market Structure

From a structural perspective, Aptos appears to be forming a rounded bottom. This pattern often signifies accumulation and hints at the potential for a reversal. As the price starts to curl up from the support zone, momentum is gradually building. The critical level to monitor now is the Point of Control (POC), a horizontal level with significant trading volume that has historically served as a ceiling for price action.

“A breakout above the POC, accompanied by a surge in trading volume, could transition Aptos from consolidation to expansion.”

Historically, once Aptos breaks above this level, price action has accelerated toward the $19–$20 resistance zone. If this setup repeats, the current structure could be a precursor to another bullish move. As long as the price holds above the $3.20 support, the probability of upward continuation remains high.

Market Sentiment and Accumulation Phase

Aptos is trading within a well-defined range, with the lower boundary consistently triggering bullish responses. This pattern suggests that the current phase is more likely accumulation rather than distribution. Accumulation phases typically precede significant upward moves, bolstering the case for a potential breakout in the coming weeks.

Market participants should closely monitor the price action near the $3.20 support level and the POC. A breakout above the POC, confirmed by higher trading volume, could signal the start of a new bullish phase targeting the $19–$20 zone.

What to Expect in the Coming Price Action

If Aptos continues to hold the $3.20 support and manages to break above the POC with increased volume, a move toward the $19–$20 range high becomes likely. Until then, the price is expected to consolidate with a bullish bias as accumulation persists beneath the resistance level.

Disclosure: This article is for educational purposes only and does not constitute investment advice. Always conduct your own research before making financial decisions.

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