The cryptocurrency market is trying to stabilize after a period of strong correction. Among the most affected coins, Aptos (APT) and Cosmos (ATOM) have suffered significant drops, losing 62% and 55% of their value, respectively, in the last 90 days. Despite this, a chart pattern known to indicate trend reversal may be forming, bringing hope to investors.
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Can Aptos (APT) test new resistances?
APT reached a fundamental support in the $5.00 region after failing to break the resistance of $12.06 in December 2024. With buyers defending this zone, the asset shows signs of recovery and is currently priced in the $5.23 range.
The double bottom pattern is an indication that selling pressure may be decreasing. Additionally, the MACD indicator suggests a bullish crossover, which historically signals a momentum shift in favor of the bulls.
If the trend is confirmed, $APT may test $12.06 again in the coming weeks. A breakout of this barrier would pave the way for even more significant gains, possibly bringing the cryptocurrency to the $20+ range.
Does Cosmos (ATOM) follow the same pattern?
$ATOM also draws a double bottom pattern after testing the critical support at $3.75. Just like in the case of APT, buyers intervened and pushed a slight rally, raising the price to the $4.17 range.
The MACD also points to a possible trend reversal, and if the pattern continues to unfold, $ATOM may seek its main resistance at $10.67. A successful breakout above this level could drive the cryptocurrency into the $14+ range.
Will the pattern be confirmed?
Currently, both APT and ATOM are at a decisive moment. If they maintain their supports and confirm the double bottom pattern, a new upward cycle may be on the way. However, a key factor will be the behavior of Ethereum (ETH). If ETH enters a strong upward movement, this could generate a positive cascading effect on altcoins, reinforcing the appreciation potential for APT and ATOM.
What do you think? Are APT and ATOM ready for a turnaround? Share your opinion below!
Source: CoinsProbe
Warning: This content is not an investment recommendation. Conduct your own research and be well-informed before making any decisions.