Apto price holds support at $4.20, is a reversal to $5.00 next?
The post Apto price holds support at $4.20, is a reversal to $5.00 next? appeared on BitcoinEthereumNews.com.
Aptos crypto price is consolidating at high-time frame support around $4.20. Aptos price action at this confluence level could drive continuation if supported by bullish volume inflows. Summary Critical Support: Aptos holds $4.20 support, aligned with the 0.618 Fibonacci and value area low. Volume Required: Bullish inflows are needed to confirm reversal momentum. Upside Potential: Sustained support increases the probability of a rally toward $5.40 and beyond. Aptos (APT) has shown resilience at the $4.20 level, a support region reinforced by both the value area low and the 0.618 Fibonacci retracement. Multiple daily closes above this area highlight demand at the current trading location. If sustained, this confluence could provide the foundation for a bullish reversal, keeping Aptos aligned with its broader trend of higher highs and higher lows. Aptos price technical points: Critical Support at $4.20: Confluence with the 0.618 Fibonacci and value area low reinforces demand. Volume Profile Decline: A rebound requires bullish inflows to confirm momentum. Upside Path: Holding $4.20 support increases the probability of a rotation toward $5.40 and beyond. APTUSDT (1D) Chart, Source: TradingView The $4.20 support zone has emerged as a crucial technical level for Aptos. Its alignment with both the 0.618 Fibonacci retracement and the value area low adds strength to the region, establishing it as a potential springboard for continuation. The repeated ability of price to close above this level suggests that buyers are defending the zone, creating conditions for further bullish momentum. From a structural perspective, Aptos has preserved its bullish framework. The trend of higher lows and higher highs remains intact as long as $4.20 holds. A successful defense of this level would allow for the projection of another higher low, keeping the market biased to the upside. The next key resistance lies near $5.40, a level that could be…
Filed under: News - @ August 29, 2025 11:23 pm