Aptos price confronts resistance at $17.04, marked by the 78.6 Fibonacci retracement level. APT could retest $14.40 before the hybrid L1 token becomes attractive for buying. A break and close below $12.55 would encourage more sell orders, negating the bullish thesis. Aptos price is trading with a bullish bias, but with the current lull in the Bitcoin price, which continues to consolidate horizontally, the upward thrust for altcoins remains limited.
This is seen with the horizontal movement of the Relative Strength Index and accentuated by the reducing sizes of the volume indicator. With this, Aptos price could take a swing to test the most critical Fibonacci retracement level of 61.8% at $14.40 before the next leg up. A retest of this buyer congestion level could encourage more belief among the bulls to open more buy orders in what would present as a safer buy.
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