Amid the ongoing consolidation in the crypto market, Aptos price shows the formation of a double-bottom pattern. This bullish reversal pattern is often spotted in the market bottoms and offers a strong entry opportunity. Currently, the altcoin shows a breakout attempt from $4.7, which will encourage a recovery rally to surpass the $5.48 neckline resistance.
Key points:
The Aptos coin needs a $4.7breakout to obtain an additional dose of sustained recovery
A bullish divergence in the RSI slope shows further growth potential
The intraday trading volume in the Aptos is $895.5 Million, indicating a 52% gain.
Source- Tradingview
Amid the last week’s sell-off in the crypto market, the Aptos coin price plunged to the $3.78 mark. However, the altcoin went sideways after the downfall and retested $3.78 within a week. On November 14th, the price rebounded from the mentioned support with a 4-hour bullish engulfing candle, indicating the buyers are actively defending this level.
A bullish rev
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