Can Bitcoin's rebound boost Aptos? APT's attempt to hit $2 still faces a critical test

With the Bitcoin trend rebounding, the market has begun to refocus on the follow-up performance of altcoins. In the past 24 hours, Aptos (APT) has increased by approximately 1.34%, with a total gain of 15.8% over the past week. Meanwhile, Bitcoin (BTC) has risen about 1.5% during the same period, approaching the important resistance level of $90,000. The upcoming expiration of Bitcoin options combined with technical rebound may support short-term market sentiment, but whether Aptos has the momentum to continue rising to $2 remains to be seen.

From a medium- to long-term perspective, Aptos still shows a weak trend. In August 2024, APT experienced a strong rebound from a low of $4.32 and briefly reached a high of $15.33 by the end of the year. At that time, the market was generally optimistic that 2025 would be a significant phase for altcoin performance, but the actual trend fell well below expectations. During the sharp decline on October 10, the critical support at $4.32 was effectively broken, the bulls’ defense line collapsed, and the price quickly retreated.

As of now, APT is testing the extension resistance around $1.72. Technical indicators show that although RSI has rebounded from oversold territory, the objective volume indicator (OBV) has fallen to lows not seen since 2022, reflecting ongoing capital outflows and persistent selling pressure. This suggests that Aptos’s recent rebound is more of a technical correction rather than a trend reversal.

Whether Bitcoin’s phase recovery can reverse Aptos’s downward structure is a key market focus. Some analysts believe that Bitcoin’s rebound potential may be limited, with short-term targets around $100,000, and in extreme cases, driven by liquidity, it could rise to $112,000. Although on-chain whale accumulation provides some confidence, it may not be enough to fundamentally change the overall weakness of altcoins.

From a trading perspective, short-term charts show that Aptos is currently oscillating within the range of $1.56 to $1.69. Short-term traders can focus on buying low and selling high within this range. If the price effectively breaks above $1.70 and confirms a pullback, it may test the $1.90 to $2.00 range next. However, if it falls below the support at $1.56, it indicates the continuation of the downward trend, and risks will further increase.

Overall, Bitcoin’s rebound has provided Aptos with short-term relief, but until trading volume and trend structure improve significantly, APT still faces considerable resistance to reaching $2. For investors, controlling positions and paying attention to key support and resistance levels may be a more prudent strategy at this time.