APT Eyes $7.40 as Classic Retest Confirms Bullish Setup

APT/USDT breaks a descending trendline and returns to retest support near the 0.618 Fibonacci retracement level.

The price consolidates above $5.20 with higher lows, suggesting demand and positioning for an upward continuation.

Technical targets from the bullish setup point to $6.20 initially, followed by $7.40 if momentum strengthens.

APT/USDT is trading at $5.26 as of writing, down 0.80% in the past 24 hours. Despite recent weakness, the daily chart structure remains technically aligned with a bullish continuation setup.

Retest of Broken Trendline in Confluence with 0.618 Fibonacci

As shared by VipRoseTr, APT has broken above a long-standing descending trendline, a key resistance level that previously capped upside moves. The price is now pulling back to retest this broken trendline, which aligns precisely with the 0.618 Fibonacci retracement zone. This overlap between horizontal and diagonal support creates a textbook bullish retest zone.

Traders are watching this $5.20–$5.30 area closely. The level is acting as a technical pivot where price may confirm new support. If buyers defend this zone successfully, the setup could pave the way for the next leg higher.

Consolidation Structure Shows Underlying Demand

Price action shows healthy consolidation just above the broken trendline. APT has been forming higher lows, a classic sign of accumulation under pressure. This structure suggests underlying demand is supporting the price despite short-term selling.

If volume begins to rise while APT holds above support, confirmation may follow. Traders often look for bullish candlestick patterns in this type of retest environment before positioning for upside.

Potential Targets: $6.20 and $7.40

If the retest confirms and bullish continuation unfolds, the first target is at $6.20. This zone aligns with recent resistance and serves as an initial price objective. Should momentum persist, the second target sits at $7.40 — based on the measured move and historical chart levels.

With a valid breakout and classic Fibonacci confluence now in play, the retest zone remains a key technical area to monitor in the short term.

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