APTOS (APT) last buying area before rally above $19

APTOS APT rallied for 5 straight Months since August 2024 and made +255% move before the recent 45% drop. We discussed in our previous October 2024 Article how the coin established an impulsive bullish structure and most importantly why the next pullback will remain supported.

APTOS ended an impulsive 5 waves advance on December 2024 in wave (1) and it did pullback in wave (2) within a classical 3 waves ZigZag structure. In addition, the correction traded lower into our technical equal legs area $9.8 – $8.6 so we expect the coin to turn higher from there as long as it stays above $6.76.

The blue box showing in our chart is a technical area where we expect Aptos to find Buyers and react higher. After that, we expect the coin to start a new 5 waves advance or at least bounce in 3 waves from there. That is to say, the initial target for the wave (3) comes at $19.5 and extension higher will aim for $22 – $26.

APTOS daily chart 1.5.2025

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