Aptos Crypto Retests $5.45 Support, Can It Sustain Over Time?
The post Aptos Crypto Retests $5.45 Support, Can It Sustain Over Time? appeared on BitcoinEthereumNews.com.
Aptos (APT) crypto is currently moving through a critical support retest at $5.45, identified as the “Macro Range Low” by crypto analyst Rekt Capital. According to the analysis shared, this price level has served as a major support throughout APT’s trading history, with the token now testing it for the second consecutive month in a volatile pattern. Bullish Divergence Forms at Critical Support Level The technical structure forming at APT’s macro range low support appears to be following a pattern that has followed previous bullish reversals. According to Rekt Capital’s analysis, Aptos crypto is displaying a bullish divergence on the daily timeframe, characterized by “Lower Lows in the price action against the Macro Range Low and Higher Lows in the RSI.” This pattern is particularly notable because it mirrors previous successful support retests. The analyst explains, “Out of the three macro bottoms at this Macro Range Low dating to September 2023, APT has produced two bullish divergences, which preceded reversal to the upside across the macro range.” The current price action suggests “this is looking like the second time a Bull Div is preceding a bullish trend reversal from this historical demand area.” On the weekly Relative Strength Index (RSI), APT is approaching the 35.66 level, which Rekt Capital identifies as a “Macro reversal area for the RSI and price as well.” Price performance metrics over various timeframes show APT’s momentum, with gains of 7.7% over the past week and 17% over 14 days. The 30-day performance remains positive at 12.5%, though the yearly performance shows a 66.4% decline. Three-Month Retest Pattern Suggests More Volatility Ahead Despite APT’s recent 15% upward movement from the macro range low, Rekt Capital cautions that the current support retest may not be complete. Historical analysis reveals a pattern where Aptos crypto typically undergoes support…
Filed under: News - @ March 28, 2025 8:26 pm