Aptos (APT) Looks Bullish: Price Action Outlook, Teases an Up Move Toward the $8 Mark

Amid the choppy market movements, Aptos (APT) price succeeded in moving out of the channel, representing bullish observations.

Aptos (CRYPTO: APT) showed a channel breakout and teased an up move.

Aptos price succeeded in moving out of the channel amid choppy market movements, indicating bullish observations.

Aptos recovered nicely from the recent dip, indicating a bullish move after mounting new support above the $6 mark mid-week.

Aptos price 1-day chart noted a bullish structure with significant buyer accumulation and higher high series.

Aptos price escaped the seller’s control and indicated bullish cues. Looking ahead, an inclining trend continued the pullback in the short-term guides that the token anticipated to trigger a rally.

The increasing bullish influence hinted that the token may deliver a massive outperformance above the $7.20 mark.

Aptos’s increased volatility with a rise in volume participation showed that investors were watching it. They were looking for a fresh upward movement past the 100-day EMA to make fresh positions ahead.

The RSI line stayed close to 60, indicating that the upward momentum was strengthening. The OBV formed higher lows throughout August, indicating a lack of firm selling pressure.

CryptoWZRD, in his recent tweet, said that APT escaped a wedge pattern and could fly toward the $8 mark shortly.

? THE WEDGE HAS BROKEN ?⚠️ The falling wedge broke out and $APT is on course to $8.00 ?

Above that a huge rally triggers ?

I’m positioned, and ready to DCA further on a retest ?? https://t.co/13gj1U5sPw

pic.twitter.com/TfvDXbMPJT

The 61.8% Fib retracement zone was retested by bulls but failed to be violated. A daily close above $7.20 would confirm the next bullish leg ahead.

Moving past the $7.20 mark would rally toward the $8, followed by the $9 mark or potentially higher.

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