Aptos (APT) Price Rally: Bulls Eyeing $7 After Bullish Breakout

Aptos price is showing signs of a strong comeback! Analyst sees 40% to 70% upside for APT Price. Will Aptos reach $7 soon?

Aptos (APT) is making moves! After weeks of consolidation, can Aptos sustain its upward trajectory and reach new heights?

Aptos Flips Bullish: The Comeback Kid?

Aptos (APT) is showing signs of a strong comeback after breaking out of a falling channel that had held it down for weeks. Just a few days ago, the price bounced from around $3.75 and has been climbing steadily since then.

Analyst's Bullish Outlook

Crypto analyst Crypto Charts (@Cryptokartha) noted a bullish flag breakout on the 4-hour time frame, anticipating a potential 50–70% short-term rise. This breakout suggests a shift in trend, with bulls possibly regaining control.

Key Observations and Market Dynamics

Several factors appear to be fueling Aptos's recent rally:

• Technical Breakout: Aptos broke out of a falling channel, indicating a potential trend reversal.
• On-Chain Growth: Decentralized exchange volume on Aptos has surged, reaching $3.46 billion in June.
• Stablecoin Market Cap Increase: The total stablecoin market cap on the network has more than doubled since the start of the year, exceeding $1.4 billion.
• Active User Growth: Weekly active addresses are averaging close to 1 million in June, reflecting increased user engagement.
• Ecosystem Developments: Recent launches like Shelby and the Ankaa Fund are boosting positive sentiment.

Potential Price Targets

Crypto Charts believes this move could lead to a big rally. His chart points to a possible 40% gain in the short term, with a chance of going as high as 70% if the momentum continues. That means the APT price could reach around $7 soon.

If APT can stay above the $4.80 level, the breakout is likely to stay strong. The next major target is between $6.50 and $7, which lines up with earlier highs. As long as the price doesn’t fall back into the old channel, bulls may stay in control.

What's Next for Aptos?

Aptos needs to hold support above $4.60 and recover the $5.00 level. A retest of $4.50 or even $4.20 could occur if current levels are not maintained, especially if the strength of the market as a whole wanes.

Final Thoughts

Aptos is showing promising signs, but as always, crypto markets can be wild. Keep an eye on those key levels and happy trading!