Aptos remains firm in a key long -term support zone about $ 3.20, a level that has historically preceded strong bullish reversals. A rupture above resistance could turn on a movement towards $ 20.
Fit (SUITABLE) It is quoted on the lower limit of a large high time frame range, an area that has historically acted as a solid support base. This low range, combined with the low value area, forms a technical confluence around the region of $ 3.20. The price action has respected this level several times since 2022, every time it precedes an upward rally to the resistance zone of $ 19- $ 20.
The current structure suggests that the accumulation is underway, potentially preparing the scenario for a rounded background formation, a classical investment configuration. However, a rupture above the control point (POC) is essential to confirm the beginning of an expansion phase. Until then, suitable is tied to reach, but the context leans bullish.
Key technical points,
- Greater support: $ 3.20 Low rank at confluence with the low value area
- Key resistance: The control point (POC) must break with the volume
- Objective resistance zone: $ 19– $ 20, the long -term rank
From a structural perspective, apt is forming a rounded background, which often points out the accumulation and reversal potential. As the price curls from the support zone, the impulse is being built gradually. The most critical level to monitor now is the control point: a horizontal level of heavy volume that has historically acted as a ceiling for the price.
A convincing rupture on the POC, backed by a peak in volume, would change the current structure of expansion consolidation. Historically, Price has accelerated to the region of $ 20 shortly after breaking above this level. This same configuration could develop again, and provided that the price maintains the current support of $ 3.20, increases the probability of the rise.
The market context also shows that suitable is quoted within a clearly defined range, but with each touch of the lower limit, they have followed the upward responses. The pattern suggests that the current phase is more likely to be an accumulation instead of distribution, which increases the chances of the next main movement being upwards.
What to expect in the next price action
If suitable continues to maintain the level of $ 3.20 and is broken above the control point with the volume, a movement towards the range of $ 19- $ 20 is probable. Until then, wait consolidation with a bullish bias as the accumulation continues under resistance.
Disclosure: This article does not represent investment advice. The content and materials presented on this page are only for educational purposes.