Key Resistance at $5.00 Remains the Barrier for Bulls
Aptos (APT) is trading around $4.41, showing signs of consolidation after recent volatility in the altcoin market. The chart highlights that the asset is currently holding above its crucial support zone near $4.20, while struggling to reclaim higher resistance levels.
The past few weeks have seen APT decline from above $5.20, falling sharply before stabilizing in the green demand zone between $4.10 and $4.25. Traders now view this region as a key support, while the red resistance band around $4.90–$5.00 remains the biggest hurdle for buyers.
“The $4.20 level is extremely important for Aptos,” noted BITX market analyst. “If it continues to hold, we may see a bounce back toward $4.80 and eventually $5.00. But losing that level could open the door to deeper losses toward $3.80.”
The 4-hour chart illustrates how APT recently broke out of a descending channel, but momentum quickly faded as sellers stepped in at higher levels. Despite this, the coin has managed to defend its support, suggesting that buyers are still active at lower prices.
Trading volume has remained moderate, reflecting indecision among market participants. BITXÂ Analysts suggest that a decisive break above $5.00 would confirm a bullish reversal, while a close below $4.20 could trigger a fresh wave of selling pressure.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.