Aptos [APT] saw gains of 1.34% in the last 24 hours, on the back of a decent weekly rally of 15.8%. During the course of the last 24 hours, Bitcoin [BTC] has also performed well, gaining by 1.5% while approaching the $90k-resistance level at press time.
Bitcoin’s price move was likely a combination of technical factors and the looming options expiry on Friday. This could set up a market-wide short-term rally in the coming days. Will APT bulls benefit from this, or should traders remain defensive?
Gauging the Aptos long-term trend
Source: APT/USDT on TradingView
In August 2024, Aptos bounced from the swing low at $4.32. By the end of the year, the altcoin had rallied to $15.33. 2025 was supposed to be a golden year for the alts, but instead, it has been doom and gloom.
The $4.32 swing low was ceded as support during the 10/10 crash, and Aptos bulls had no strength to fight back the sellers. At the time of writing, the $1.72 extension level was being retested as resistance.
The RSI was bouncing from oversold extremes, and the OBV reached lows not seen since 2022. They showed persistent sell pressure on APT in recent weeks.
Can a Bitcoin revival help flip Aptos’s downtrend?
AMBCrypto reported that analysts do not expect a sustained Bitcoin uptrend from here. At best, the expectations were of a bounce towards $100k and possibly, as high as $112k, driven by liquidity.
Whale accumulation was encouraging, but it might not be enough to halt the downtrend. This meant that traders can look for a short-term bounce, but shouldn’t expect the long-term downtrend to reverse.
Traders’ call to action – Trade the range, remain bearish
Source: APT/USDT on TradingView
The lower timeframe chart showed a range formation between $1.56 and $1.69. Traders can use the extremes of this range to enter, targeting the opposite extreme. A breakout past $1.7 and retest would likely see a move towards $1.9-$2.
A breakdown below $1.56 would be a sign of the downtrend’s continuation.
Final Thoughts
- Aptos could see a minor price bounce towards $2 if Bitcoin manages to climb to $100k or beyond.
- An Aptos rally might not last long, given the severe long-term downtrend and lack of buying pressure in recent weeks.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
Source: https://ambcrypto.com/can-bitcoins-momentum-push-aptos-towards-the-2-level/
