This APT/USDT weekly chart on Coinbase is showing a recurring descending triangle pattern forming over the last three cycles — each with a flat horizontal support around the $4.10–$4.20 range and a series of lower highs.
Key Observations
1. Support Zone
• Price has repeatedly tested the ~$4.10 level since late 2022.
• This support has held through multiple sell-offs — a strong historical demand zone.
2. Pattern Repetition
• Each prior descending triangle led to a sharp breakout upward once sellers exhausted.
• The first breakout (early 2023) was huge, the second (late 2023) smaller, suggesting slightly reduced momentum — but still bullish post-breakout.
3. Volume Analysis
• Volume has tapered off near the apex of this third triangle.
• This is classic pre-breakout behavior — but it can break either way.
4. Potential Scenarios
• Bullish case: A clean breakout above the downtrend line (~$5.50–$6) could trigger a momentum push back to $8–$10 in the short term.
• Bearish case: If $4.10 support breaks on high volume, we could see a sharp drop to the next demand zone (~$3 or even $2.50).
5. Bias
• Given the macro trend of repeating accumulation patterns, this looks more like a potential springboard if BTC and the market stay bullish.
• But that flat support — once lost — becomes a fast fall.
• Bullish breakout target: ~$15.30
• Bearish breakdown target: ~$3.00
• Key pivot/support: ~$4.20