Aptos May Bounce to $2 on Bitcoin Rally, Long-Term Downtrend Persists

• Aptos 24-hour gain: 1.34%, supported by strong weekly performance of 15.8%.

• Bitcoin up 1.5%, nearing $90k resistance ahead of options expiry.

• Technical indicators like RSI oversold and low OBV signal persistent selling, with range trading between $1.56-$1.69.

Aptos price analysis: 1.34% daily gain, 15.8% weekly rally amid Bitcoin surge. Will APT reverse downtrend? Trade ranges wisely for short-term opportunities. Stay informed on APT trends today!

What is the current Aptos price trend?

Aptos price analysis indicates a short-term bullish bounce with a 1.34% increase over the last 24 hours and a robust 15.8% weekly rally. However, this occurs against a broader downtrend, where APT retests the $1.72 extension level as resistance following the October 10 crash that broke prior support at $4.32. Technical indicators like the Relative Strength Index (RSI) rebounding from oversold levels and On-Balance Volume (OBV) hitting 2022 lows highlight ongoing sell pressure.

Can a Bitcoin rally impact Aptos price movement?

Aptos price remains closely tied to Bitcoin’s performance, which gained 1.5% in the last 24 hours and approaches the $90k resistance level. Analysts from COINOTAG note that Bitcoin’s upcoming options expiry on Friday could drive a market-wide short-term rally, potentially pushing BTC toward $100k or even $112k due to liquidity factors. Whale accumulation in APT provides some encouragement, but data suggests it may not suffice to overturn the downtrend, advising traders to anticipate only temporary bounces rather than long-term reversals. TradingView charts confirm this correlation, with APT’s movements mirroring BTC’s technical setup.

Gauging the Aptos long-term trend

Source: APT/USDT on TradingView

In August 2024, Aptos established a swing low at $4.32, rallying impressively to $15.33 by year-end amid altcoin optimism. Expectations for 2025 as a breakthrough year for altcoins have not materialized, replaced by significant corrections. The critical $4.32 support level was breached during the October 10 market crash, leaving bulls unable to mount a defense. Current price action retests the $1.72 Fibonacci extension as resistance, underscoring the challenges in the Aptos price analysis.

Layer-1 blockchains like Aptos, built for high throughput and scalability, have faced headwinds from broader market sentiment. On-chain metrics reveal declining transaction volumes and developer activity in recent months, contributing to the downtrend. Despite this, the platform’s Move programming language continues to attract attention for its security features, positioning Aptos as a contender in the smart contract space alongside networks like Sui and Solana.

Frequently Asked Questions

What is the short-term Aptos price prediction?

Aptos price analysis points to range-bound trading between $1.56 support and $1.69 resistance on lower timeframes. A breakout above $1.70 with retest could target $1.90-$2.00, especially if Bitcoin rallies. Conversely, a drop below $1.56 signals continued downtrend.

Will Bitcoin’s movement reverse Aptos downtrend?

Bitcoin approaching $90k may offer a short-term lift for Aptos, potentially driving a bounce to $2 if BTC hits $100k. However, COINOTAG analysts indicate no sustained uptrend expected, with whale activity insufficient against persistent selling.

Traders’ call to action – Trade the range, remain bearish

Source: APT/USDT on TradingView

The 2-hour chart displays clear range formation between $1.56 and $1.69, ideal for range trading strategies. Enter long at support targeting resistance, or short at highs aiming lower. Monitor for breakouts: upside past $1.70 eyes $1.90-$2.00, while downside below $1.56 confirms bearish continuation. Risk management is crucial given the overarching downtrend in Aptos price analysis.

Key Takeaways

• Short-term bounce potential: Aptos could rally to $2 if Bitcoin climbs past $90k resistance.
• Long-term caution: Downtrend persists with RSI oversold and OBV at multi-year lows signaling weak demand.
• Trading strategy: Trade the $1.56-$1.69 range; watch for confirmed breakouts with stop-losses.

Conclusion

Aptos price analysis underscores short-term gains of 1.34% daily and 15.8% weekly against a stubborn downtrend tied to Bitcoin dynamics. While whale accumulation and BTC’s potential $100k push offer optimism, technicals favor defensive positioning. Monitor key levels closely for opportunities, and consider broader market factors in Aptos price movements ahead.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.