Key Takeaways
- Bitwise updated its APT ETF filing on June 26.
- APT created a long-term double-bottom pattern.
- Is the Aptos price correction finally over?
Aptos (APT) is leading the crypto pack today with a strong double-digit rally, fueled by fresh ETF-related momentum.
On June 26, Bitwise amended its exchange-traded fund (ETF) filing to include Aptos, typically a signal that the Securities and Exchange Commission (SEC) is actively reviewing the proposal, and sometimes a precursor to eventual approval.
With that backdrop, let’s dive into the latest price action and what it could mean for APT’s next move.
Aptos Creates Bullish Pattern
On the weekly chart, Aptos has been stuck inside a descending parallel channel since 2023.
However, in 2025, it bounced off the channel’s support line twice, forming a classic double bottom pattern (see green icons).
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Now, Aptos is printing a bullish engulfing candle this week, adding weight to the reversal narrative.
Still, it needs to close above the key $5.15 resistance level to confirm the breakout.
If that happens, a move toward the channel’s midline at $6.50, and potentially all the way up to $13, is on the table.
Momentum indicators are backing the bullish case, too.
Both the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) have formed bullish divergences (marked in orange), hinting that Aptos could be gearing up for a strong run through the rest of the year.
Aptos Correction Over
The daily chart echoes the bullish signals seen on the weekly timeframe, pointing to a potential trend reversal for APT.
Aptos appears to have completed a five-wave downward move (marked in red), which took the form of an ending diagonal, a common pattern that often precedes sharp reversals.
Now, the price is breaking out of a descending wedge, which typically signals the end of a correction and the start of a new upward move.
If the breakout holds, Aptos could climb toward the 0.5 Fibonacci retracement level at $9.55.
How the price reacts at that level and the structure of the rally will be key in determining whether APT continues toward the upper channel resistance or stalls and turns back down.
Aptos Breakout Ahead
The Aptos price action and news are positive after a 10% rally due to an amended ETF filing.
Aptos has created a long-term bullish pattern and will confirm its reversal by breaking out from a descending wedge.
Once that happens, the first target for upward movement is the $9.54 0.5 Fibonacci retracement resistance level.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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