APT Channel Importance

Weekly analysis of Aptos (APT) reveals a sustained upward trend with new highs and lows surpassing previous levels, indicating bullish momentum. Following a corrective wave and price rebounding from the channel's bottom, further upward movement towards the channel's top is anticipated, contingent upon maintaining support at the channel's bottom.

4/16/20241 min read

Chart depicting Aptos (APT) weekly trend, showing sustained upward movement with new highs and lows
Chart depicting Aptos (APT) weekly trend, showing sustained upward movement with new highs and lows

In the weekly analysis of Aptos (APT), we observe an upward trend.
The new lows and highs are higher than the previous ones, indicating the sustainability of the bullish trend.
After the end of the corrective wave and the price reaching the channel's bottom, a strong upward trend has formed. Based on daily patterns, the price is expected to rise towards the channel's top. It is important that the bottom of the channel is maintained to continue the upward trend.