APT Astounding Breakout

Aptos (APT) made an astounding breakout and reached its highest price since it debuted. Let’s see what happens next!

The previous highest price APT reached was $10.3 in October 2022. Last Friday, APT broke above that, and on Sunday, it reached a high of $14.55.

This is almost 45% more than the previous all-time high, which is significant, to say the least. Overall the price is nearly 400% higher from its low in December.

When APT reached its previous all-time high, Bitcoin was priced around $21,000-$22,000, which is around the same price it is now. However, APT is currently outperforming Bitcoin by being almost 45% higher.

What is a Astounding Breakout

An "astounding breakout" is a term used to describe a sudden, significant increase in price or volume of trading activity.

This type of move is often seen as a sign of strength in the underlying security or market, and can attract further buying interest.

While an astounding breakout can signal a continued uptrend, it can also be followed by a period of consolidation or even a sharp reversal. As such, traders need to be aware of the risks involved before making any decisions.

How high can the rally go?

While the rally has been going on for some time, it can continue even more. When it comes to cryptocurrencies, altcoins can have longer rallies, anywhere from 500% to 10,000%. For that to happen, we need a bull run.

If Bitcoin continues its current run, there is no telling where the rally will end. However, since APT is currently the 30th most valuable coin, it is less likely that we will see something close to 10,000%.

If the opposite happens and APT starts retracing, we have two major support levels that may hold the price. The first one stands at $10, which is a previous all-time high. The second is at $3, the lowest price the coin reached.