- Aptos trades at $4.33 after a 4.6% daily decline amid a tightening Bollinger Bands structure.
- Resistance lies at $4.80–$5.00, with support forming near $3.50 on the weekly chart.
- Trading volume at $528M reflects active movement as the market awaits a breakout direction.
APTs are in tight consolidation, with the weekly chart showing a Bollinger Bands squeeze at the price of the $4.33 mark. Global traders are monitoring this formation to see whether it will break out in the next few weeks.
Bollinger Bands Squeeze Suggests Potential Breakout
The weekly chart shared by @CryptoBullet1 shows a pronounced Bollinger Bands squeeze, often indicating a buildup before stronger price movement. Bollinger Bands contract when volatility declines, creating a setup that may lead to expansion once price escapes compression.
APT trades slightly below the mid-line of the Bollinger Bands, near $4.42, where immediate resistance exists. A series of subdued candles and lower highs show indecision as neither side gains lasting control. The upper band slopes down gradually, while the mid-line appears flat, hinting at waning bearish strength over recent months.
To the buyers, the most important area to regain on weekly close is the $4.80-$5.00 zone. Breaking above this level can create upward momentum and draw in sideline players and prompt short-covering. In case it happens, the next target is the upper Bollinger Band at approximately $6.50-7.00, and further rises are possible in the area of 8.50-10.00.
Intraday Chart Reflects Bearish Pressure
The 24-hour chart shows APT trading between $4.22 and $4.55 as of writing, marking a 4.6% decline for the day. Price fell from around $4.55 early in the session, forming a local bottom near $4.18 before recovering slightly. This pattern signals a market leaning toward selling pressure but with some buying interest at lower levels.
Market capitalization is about $2.97 billion, with a fully diluted valuation of $5.07 billion.A circulating supply of 686 million APT compared to over 1.17 billion signifies an inflationary design that can make an unholy starting its effect on the long-term pricing outcomes as the issuance outstrips the demand.
In the short-term, the support is at $4.22 and the resistance is at $4.55. A move above this resistance can reduce the current selling pressures, whereas below the $4.20, it can take the price towards the $4.00 support level.
Medium-Term Outlook Hinges on Mid-Line Reclaim
The Bollinger Bands squeeze pattern occurs on a strong consolidation, which is frequently followed by the change in the direction or the continuation of the trend. APT’s ability to sustain above the mid-line around $4.80–$5.00 will guide its medium-term path.
The failure to defend the lower band at the level of $3.50 might foresee retests of the structural zone at $3.00 to $3.20. Nevertheless, the current compression is possible to attribute to a build-up period since the lower volatility can be seen as a precursor to further changes.
Traders are expected to monitor volume closely, as spikes during this squeeze often define breakout directions. As stated by @CryptoBullet1, getting above the mid-line remains key for any meaningful upside attempt.
