Bulls Regain Control Amid Rising Trading Volumes
The price of Aptos (APT) has staged an impressive rebound, climbing over 7% in the past 24 hours as buyers stepped in to defend a crucial support area. According to market data, support has been established between $4.61 and $4.66, while immediate resistance is now seen around $4.72.
The recovery follows a period of sustained selling pressure that pushed APT towards the lower end of its recent trading range. The sharp bounce from the green support zone on the chart signals renewed market confidence. A break above the red resistance zone could pave the way for a retest of the $5.00 psychological level, a price point that has historically attracted strong selling interest.
“This move reflects a healthy technical reaction after weeks of consolidation and decline,” said BITX analyst. “The ability to hold above the $4.60 area is critical for sustaining bullish momentum.”
The 4-hour chart shows that Aptos has broken out of its short-term downtrend, with price action now trending towards the upper range. Increased trading volume during the rally suggests strong buying interest, which could fuel further gains if resistance levels are cleared.
Market observers note that maintaining the $4.61-$4.66 zone as support will be key in the coming sessions. A failure to hold this range could invite renewed selling, potentially pushing the token back toward $4.40.
While Aptos has regained short-term bullish momentum, analysts caution that broader market sentiment will play a decisive role in sustaining the rally. If the cryptocurrency market remains stable, APT could continue its climb. However, traders are advised to monitor volume strength and resistance breakouts closely before committing to long positions.
The next few days will be critical for determining whether this rebound is the start of a larger trend reversal or simply a short-lived relief rally.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.