Analysts will see a 20% breakout if this level plays -

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Amid market retrace, Aptos (APT) has dropped by 8% in the last 24 hours, falling below its second major support zone this week. Despite the fix, some analysts believe that cryptocurrency may be ready for breakout soon.

Aptos loses low macro range

During the March retrace, Aptos fell below critical support levels for the first time since August 2024, but recovered to 24% near the end of the month. However, APT tracked the rest of the market, dumping 11% and shutting down below key level in March.

Analyst Rekt Capital noted that Apt fell below the low macro range of $5.44 for the first time last month. Cryptocurrency has been trading in the price range of $5.45-$17 since 2023, retesting its range low twice before.

Historically, “APT tends to develop bases here in the form of three months of minus side wick,” he explained, adding that cryptocurrencies appear to be developing a three-month base, with a difference that closed this range for the first time in a monthly period.

Following this performance, APTOS will need to regain the $5.44 level in support of “end this monthly closure as a lack of deviance.”

Previously, analysts suggested that maintaining this level would allow us to reverse ATP price action in the coming months, as we did with other clusters. Furthermore, he noted that previous integrations included “downward weakness of support for the following”.

In his recent analysis, Rekt Capital believes APT’s daily bullish divergence is “still worth seeing” as the cryptocurrency relative strength index (RSI) is about to move to a higher and lower value despite recent negative side deviations.

According to analysts, “A clear market structure is developing here, and then a breakout will be prepared to verify Bullding and regain the low macro range of $5.44.” This is the key to a bullish gathering.

Is there a tendency to regain resistance of $6.5?

AltCryptogems analyst Sjuul highlighted the strength of Aptos amid the market volatility, where Bitcoin (BTC) has fallen from $88,000 to $81,000 in the last 24 hours. Apt dropped to support from $5.40 to $4.95.

Analysts believe that with current price ranges being tested many times, there may be a possibility that cryptocurrency will need to retest the low local range before it aims to reach its next important level.

Related readings

Additionally, a recovery in the $5.44 range allowed us to see an additional 20% Apt Surge, which lost two months ago, of $6.5 resistance. Another market watcher suggested that Aptos “indicating the possibility of a bullish breakout when trading within a descending channel.”

According to the charts, cryptocurrencies have been trading within descending channels since early February, and have been testing the channel’s lower and upper limits throughout March. “After testing the lower line of trending lines, you may be finding support, and breaks above the resistance at the top indicate a significant gathering,” the analyst concluded.

At the time of writing, Aptos is trading at $5.02, with a 16.1% drop in weekly time slots.