Date: Thu, May 08, 2025 | 08:20 AM GMT
The cryptocurrency market continues its recovery as Ethereum (ETH) surges over 23% in the past 30 days, finally crossing the $1,900 mark today. This renewed momentum in ETH is giving a much-needed boost to major altcoins, including Aptos (APT), which is showing early signs of a bullish reversal.
Following a deep correction earlier this year, APT has bounced back sharply—posting a 14% gain over the last month. While it’s still down about 41% year-to-date, the recent recovery has renewed investor interest. And now, the chart is hinting at more upside ahead.
Inverse Head and Shoulders Pattern Appears on Chart
Aptos is currently shaping up a textbook inverse head and shoulders pattern, a classic bullish setup that often signals a trend reversal.
- The Left Shoulder formed in early March.
- The Head bottomed out around $3.78 on April 7.
- The Right Shoulder recently emerged with a solid bounce from the $4.58 level.
APT is now trading near $5.07, holding steady above key Fibonacci retracement levels (0.382 at $4.93 and 0.5 at $4.73), and moving toward the neckline resistance, as shown below:
What’s Next for APT?
If Aptos can break above the neckline resistance with strong volume, it would confirm the bullish pattern and likely trigger a fresh rally. Based on the chart setup, the next upside target lies in the $8.40–$8.50 range, which would mark a 65%+ gain from current levels.
This zone is highlighted with a green target circle on the chart—an area bulls are likely already eyeing.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.