Aptos is currently trading at a significant technical support zone — the range low of a major high time frame consolidation that has held since 2022. This range low presents a compelling opportunity for accumulation, especially as price hovers around the value area low, near the $24 level.
The market structure suggests a potential rounding bottom formation, provided price continues to close above this region. This could signal a build-up in demand, reinforcing the idea that Aptos is undergoing an accumulation phase at the lower bounds of its multi-year range.
The most critical level to watch is the point of control (POC) — the area with the highest volume traded within the range. A clean break and sustained close above the POC would mark a significant shift in market dynamics and increase the probability of an expansion move towards the range high.
Historically, once Aptos has managed to reclaim the POC, price has rallied to the $19–$20 zone. This recurring pattern adds more weight to the breakout scenario and gives traders a clear blueprint of what could unfold next.
From a technical standpoint, until the POC breaks, price action is likely to remain in a sideways, accumulation-type structure. However, the confluence of support at the value area low and the extended time spent consolidating at this range increases the odds of a breakout attempt.
A sustained hold above $24, followed by a breakout of the POC, would set the stage for a potential strong upward rotation toward the upper bounds of the range.
Accumulation appears to be underway. A confirmed break of the point of control would shift momentum strongly in favor of bulls and open up targets toward the $19–$20 region.