Date: Thu, April 24, 2025 | 05:58 AM GMT
The crypto market seems to be shaking off the dust after a brutal Q1 — Ethereum (ETH) alone dropped 45%. But things are finally starting to flip. ETH has bounced back with a 10% gain over the past week, and this positive momentum is spreading across altcoins.
Following this broader market rally, Aptos (APT) — which recently went through a major correction — has managed to pull off a noticeable comeback. The altcoin surged by 16% over the past week, trimming its year-to-date losses to around 49%. Even more compelling, a classic harmonic pattern forming on the daily chart suggests this move might just be getting started.
Harmonic Pattern Signals More Upside Ahead
Looking at APT’s daily chart through Heikin Ashi candles, a Bearish Cypher pattern has clearly formed — a setup that, despite its name, often leads to a bullish continuation toward the key reversal zone, also known as the Potential Reversal Zone (D).
The pattern starts at point X, where APT faced rejection from the January 7 high of $10.65. This was followed by a sharp decline to point A, then a short-lived recovery toward point B, and another deep correction to point C, which found support around $3.89 on April 7.
This drop marked a 64% decline from point X. While some of the legs deviate slightly from perfect Fibonacci measurements, the overall structure still holds strong and remains valid from a harmonic trading perspective.
Currently, APT is climbing its way through the final leg — from point C to point D — and price action suggests that this move still has room to extend further.
What’s Next for APT?
If the pattern completes as expected, point D — which aligns with the 78.6% Fibonacci retracement from the X to C leg — sits around $9.20. This implies a potential 70% upside from the current price of $5.41.
However, before Aptos can reach that target, it will need to overcome an intermediate resistance near $6.47. This level corresponds to the 38.2% Fibonacci retracement and may serve as a key test for bullish momentum. A clean breakout above this zone could open the door for an accelerated move toward the final target.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.