- Aptos shows strong bullish momentum, targeting $20 as it breaks resistance with consistent upward movement.
- Support at $13.50 and bullish indicators signal the potential for Aptos to achieve new highs above $20 soon.
- RSI and Stochastic RSI confirm upward momentum, with a $16-$19 resistance zone being the next key hurdle for Aptos.
Aptos (APT) has displayed a strong bullish trend in recent months, with price action suggesting sustained momentum. The APT/USDT trading pair on Binance shows consistent upward movements driven by key technical patterns. After overcoming critical support levels, the cryptocurrency is now targeting a significant resistance zone.
Price Action Signals Continued Strength
Initially, APT experienced a decline marked by sell signals, with prices falling below $10. However, this trend reversed as buy signals emerged, leading to consistent upward movement. Prices climbed steadily, hitting multiple take-profit (TP) levels. The first chart from analyst Santolita on the X platform illustrates a bullish trajectory supported by a rising trendline.
Source: Santolita
In November, a consolidation phase occurred within a rectangular range. This phase ended with a breakout supported by a buy signal. Consequently, prices surged higher, reaffirming the bullish momentum. The trendline beneath price action confirms sustained strength, while TP levels continue to align with the upward trajectory.
Moreover, the Relative Strength Index (RSI) highlights strong momentum. Periods of rising RSI align with bullish trends, while minor corrections are reflected in brief RSI declines. The projection of $20 as a target is reinforced by both the RSI and the ongoing bullish structure.
Key Levels and Momentum Indicators
The second chart analysed by crypto analyst CryptoLax further validates Aptos’ bullish outlook. The $13.50 level has emerged as confirmed support, providing a foundation for further gains. Additionally, the $16.00 to $19.00 resistance zone remains a crucial challenge for bulls. If this zone is breached, significant upside potential exists.
Source: CryptoLax
The Stochastic RSI also points to upward momentum, showing room for additional price growth. The indicator’s position suggests that Aptos remains in an overbought region but has the capacity to push higher.
Aptos continues to exhibit strong bullish momentum, supported by key levels, breakout patterns, and positive indicators. The $13.50 support has fortified its position, while the $20 target aligns with the established trendline. Besides, the upward trajectory suggests that Aptos may achieve new highs if resistance levels are surpassed. Momentum indicators and strong partnerships further bolster its growth outlook.
The post Aptos Eyes $20 as Bullish Momentum Builds with Strong Support at $13.50 appeared first on Crypto News Land.
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