{"id":5529,"date":"2025-06-29T04:11:08","date_gmt":"2025-06-29T04:11:08","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/aptos-double-bottom-pattern-points-to-10-bullish-target-details\/"},"modified":"2025-06-29T04:11:08","modified_gmt":"2025-06-29T04:11:08","slug":"aptos-double-bottom-pattern-points-to-10-bullish-target-details","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/aptos-double-bottom-pattern-points-to-10-bullish-target-details\/","title":{"rendered":"Aptos Double Bottom Pattern Points To $10 Bullish Target \u2013 Details"},"content":{"rendered":"

In line with the broader crypto market, Aptos (APT) experienced a remarkable price upswing in the past week culminating in a market gain of 12.53%. However, the prominent altcoin remains in a corrective phase with a price loss of 8.75% on its monthly chart. <\/p>\n

Aptos has famously underperformed in the crypto bullish resurgence that kicked off in April reaching a local peak of $6.14 while the present market cycle top lies around $17.90. However, popular market analyst with X username PlanD has tipped the altcoin to maintain its most recent uptrend as indicated by a bullish chart pattern.\n<\/p>\n

Aptos Ready For Major Bullish Price Reversal – Analyst<\/b><\/h2>\n

In a recent X post<\/a> on June 27, PlanD provides an insightful technical analysis on the APT market hinting at a major price surge ahead . Firstly, the renowned analyst explains APT has shown consistent price movement within a descending channel over the past two and half years.<\/p>\n

However, APT price action in the past three months have twice retested the lower boundary of this channel, thereby forming a double bottom pattern – a bullish reversal pattern formed when price forms two similar lows separated by a rebound as seen between April till date on the chart below.<\/p>\n

 <\/p>\n

\"Aptos\"<\/p>\n

The peak of the intervening price rebound serves as the pattern\u2019s neckline, and a breakout above this level confirms the market’s intent for a bullish reversal. Therefore, if APT bulls can secure a decisive daily close above $6.00, it would likely trigger a broader market rebound, with price targets set around $9.92, representing an estimated 100% gain on present market prices.<\/p>\n

Beyond $9.92, a sustained buying pressure could force APT to return to its cycle top at $17.90 which currently aligns with the upper boundary of the descending price channel. According to PlanD\u2019s analysis, a successful breakout above this long-standing channel exposes investors to lofty price targets as high as $55 and $79.<\/p>\n

On the cautionary note, APT bulls must avoid a price rejection at the $6.00 region, which represents the market\u2019s next major resistance. The occurrence of such a scenario would suggest a delay of the purported or invalidation in the case of price fall below the present support line at the lower boundary of the descending channel.\n<\/p>\n

Aptos Price Overview<\/b><\/h2>\n

At the time of writing, APT trades at $4.88 reflecting a 2.41% decline in the past day. Meanwhile, the altcoin\u2019s daily trading volume is soaring by 67.08% and valued at $430.09 million. With a market cap of $3.41 billion , Aptos ranks as the 31st largest cryptocurrency in the market.\n<\/p>\n

\"Aptos\"<\/p>\n","protected":false},"excerpt":{"rendered":"

In line with the broader crypto market, Aptos (APT) experienced a remarkable price upswing in the past week culminating in a market gain of 12.53%. However, the prominent altcoin remains in a corrective phase with a price loss of 8.75% on its monthly chart. Aptos has famously underperformed in the crypto bullish resurgence that kicked…<\/p>\n","protected":false},"author":1,"featured_media":5530,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1531],"tags":[221,1536,2792,501,1538,1825,1699,1827],"class_list":["post-5529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aptos-apt","tag-aptos","tag-aptos-apt","tag-aptos-double-bottom","tag-aptusd","tag-aptusdt","tag-cryptododo7","tag-descending-channel","tag-pland"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=5529"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5529\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/5530"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=5529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=5529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=5529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}