The cryptocurrency market is experiencing renewed optimism with Ethereum (ETH) surging over 23% in the past month, exceeding $1,900. This positive momentum is also fueling the rebound of major altcoins, including Aptos (APT), which shows early signs of a bullish reversal. 📈 🇦🇷 📈
Following a steep correction earlier this year, APT has rallied sharply with a 14% gain over the last month. Although it’s still down around 41% year-to-date, this recent recovery is reigniting investor interest.
Now, the chart reveals a potential bullish pattern that suggests further upside for APT.
**The Inverse Head and Shoulders Pattern:**
A textbook inverse head and shoulders pattern is forming on the Aptos (APT) daily chart. This is a classic bullish signal often indicative of a trend reversal.
Here’s a breakdown:
– The Left Shoulder formed in early March.
– The Head bottomed out around $3.78 on April 7.
– The Right Shoulder recently emerged, experiencing strong gains from the $4.58 level.
APT is now trading near $5.07, holding steady above key Fibonacci retracement levels (0.382 at $4.93 and 0.5 at $4.73), with momentum toward the neckline resistance as highlighted below:
**What’s Next for APT?**
if Aptos breaks above the neckline resistance, it would confirm the bullish pattern and likely trigger a fresh rally. Based on the chart setup, the next upside target lies in the $8.40–$8.50 range. This represents a potential 65%+ gain from current levels.
The chart highlights this with a green target circle indicating an area where bulls are likely already eyeing.
**Disclaimer:** This article is for informational purposes only and should not be considered as financial advice. Please conduct your own research before investing in any cryptocurrency.