$APT Aptos [APT] is showing signs of a potential recovery, with its price action forming a confirmed double-bottom pattern that has caught the attention of traders.
Trading at $10.22 at press time, reflecting a 2.16% increase at press time, the cryptocurrency was slowly gaining traction. Technical indicators and market activity suggest that Aptos could be entering a critical phase.
Aptos price charts hint at growth potential
The price charts indicated steady progress for APT as it continued to recover from its previous lows. The double-bottom pattern offered strong technical support for further upside movement.
Additionally, incremental gains over the past few trading sessions suggested growing confidence among market participants.
However, the volume remained relatively low, which might limit the strength of the upward push. Therefore, sustained buying pressure will be critical for APT to establish a more robust trend.
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Home > Altcoin > Aptos shows early signs of recovery, but will THIS hinder APT’s upside?
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Aptos shows early signs of recovery, but will THIS hinder APT’s upside?
3min Read
Aptos struggles to sustain momentum despite recovery signals and cautious optimism from traders.
Posted: January 7, 2025
By: Erastus Chami
Edited By: Saman Waris
Aptos shows early signs of recovery, but will THIS hinder APT's upside?
Aptos’ double-bottom pattern signaled potential, but low volume and social dominance limited momentum.
Technical indicators reflected weak bullish momentum, requiring stronger buying pressure for confirmation.
Aptos [APT] is showing signs of a potential recovery, with its price action forming a confirmed double-bottom pattern that has caught the attention of traders.
Trading at $10.22 at press time, reflecting a 2.16% increase at press time, the cryptocurrency was slowly gaining traction. Technical indicators and market activity suggest that Aptos could be entering a critical phase.
Aptos price charts hint at growth potential
The price charts indicated steady progress for APT as it continued to recover from its previous lows. The double-bottom pattern offered strong technical support for further upside movement.
Additionally, incremental gains over the past few trading sessions suggested growing confidence among market participants.
However, the volume remained relatively low, which might limit the strength of the upward push. Therefore, sustained buying pressure will be critical for APT to establish a more robust trend.
APT pa analysis
Source: TradingView
Low Social Dominance raises questions
While Aptos exhibited positive technical trends, its Social Dominance remained low, recorded at just 0.128% at press time. This figure underscores the relatively muted buzz around APT compared to other cryptocurrencies.
However, this could also signal an under-the-radar opportunity for further engagement if the price continues its upward trajectory.
Increased social activity, combined with a breakout, could attract more attention and bolster community confidence in the project. Therefore, addressing this gap is crucial for sustained momentum.
The Parabolic SAR and Williams Alligator highlighted fragile momentum, while social dominance remained limited.
Therefore, Aptos must gain stronger community support and trading activity to confirm its recovery and sustain upward momentum.
