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Aptos is trying to create a new formation structure by dipping at the $5 levels and targeting the $25 levels. This uptrend is attracting attention as a sign of a possible rise.
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Aptos made a strong exit to the $11 levels with the uptrend it started from the dip levels. The bowl formation formed during this rise indicates that Aptos is showing a strong recovery. If the possible decline in the crypto market continues, Aptos can complete the handle formation. Afterwards, it can offer the potential for an uptrend that lasts up to the $25 levels by completing the Bowl Handle formation. It is important to carefully monitor Bitcoin price actions during this process.
After completing the bowl formation, Aptos could not maintain a stable performance above the $9.70 level. Bitcoin price fluctuations affected APT significantly and it moved depending on every Bitcoin action. During this period, investors who took positions in futures experienced difficult days.
Since the current lower support point is at the $7.34 level, it may be risky to trade in the middle in Aptos. Therefore, investors who are considering making new purchases or additions should be careful. After the expected reaction comes from the lower support points, an uptrend may occur and if support is provided above $11, Aptos may try to take over the $13.36 resistance level. If weekly closings occur at this point, it can show a rapid rise to the $25 price target. Investors should closely monitor market conditions during this process and adjust their strategies accordingly.