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Cryptocurrency News Articles

Aptos (APT) Breakout Retest Complete: Is a Major Rally Now Underway?

May 17, 2025 at 03:36 am

The price of Aptos (APT) has just completed an important technical move. After breaking out of a long-term descending trendline, APT pulled back to retest that same trendline as support.

Aptos (APT) Breakout Retest Complete: Is a Major Rally Now Underway?

The price of Aptos (APT) has just completed an important technical setup. After breaking out of a long-term descending trendline, which is a bearish formation, and pulling back to retest that same trendline as support, the crypto is setting up for a continuation of the bullish move.

This setup could be setting up the market for a significant rally.

Aptos Price Finds Support at Key Level

This setup was highlighted by Rose Premium Signals (@VipRoseTr), who noted the clean breakout of the downtrend and the subsequent retest. According to their analysis, the retest also aligns closely with the 0.618 Fibonacci retracement level, which adds further weight to the idea that this is a continuation pattern.

What makes this pattern strong is that price didn’t just touch the previous resistance zone and collapse. Instead, it formed higher lows during the pullback, suggesting that buyers are stepping in at increasingly higher levels. This kind of behavior often hints at underlying demand and growing confidence among traders.

What Comes Next for APT Price?

If this retest holds, the Aptos price could be gearing up for another leg upward. The projected targets shared in the chart are clear. The first target sits around $6.20, which marks a key short-term resistance. If momentum continues beyond that, the next target lies at approximately $7.40. Both of these levels represent logical zones where traders might look to take profit, but also where new breakouts could potentially be sparked.

At the time of this analysis, APT is trading around $5.39. The bullish scenario remains valid as long as the price holds above the broken trendline zone, which also coincides with the key Fibonacci level around $5.20. If this support breaks, the Aptos price could continue to fall.

Disclaimer:info@kdj.com

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Other articles published on May 17, 2025