Aptos Poised for Potential Breakout Near $3.20 Support
Aptos (APT) is currently hovering near a crucial support level around $3.20. this zone has historically been a strong base for the cryptocurrency, frequently enough leading to significant bullish rallies.
As 2022, Aptos has repeatedly bounced off this $3.20 level, each time sparking a move toward the $19–$20 resistance zone. The current price action suggests that accumulation is underway,possibly forming a rounded bottom—a classic sign of a potential reversal.
However,for this bullish scenario to unfold,Aptos needs to break above the point of control (POC).The POC is a horizontal level of heavy trading volume that has acted as a ceiling in the past. A breakout here, supported by increased volume, would signal the start of an expansion phase.
- Major Support: $3.20,were price has historically bounced back.
- Key Resistance: POC,which needs a volume-backed breakout.
- Target Zone: $19–$20, the long-term high.
Until the POC is breached, Aptos remains in a consolidation phase. Yet, the repeated tests of the $3.20 support with bullish responses indicate that the next major move could be upward. If Aptos holds this support and breaks the POC, a move toward $20 is likely.
For now, expect continued consolidation with a bullish bias as accumulation continues. Keep an eye on the POC for signs of a potential breakout.
