Based on technical analysis indicating a potential cup and handle formation in the APTUSD chart, there's a compelling expectation for the price to surge from its current level of $18 to $90. The cup and handle pattern typically signifies a bullish continuation, with the gradual upward movement forming the cup followed by a temporary consolidation or retracement forming the handle. As the price breaks out above the resistance level formed by the peak of the cup, it often triggers renewed buying pressure, propelling the asset towards higher price targets. If APTUSD follows this pattern, investors could anticipate a significant uptrend, with $90 being a plausible target for the continuation of the upward momentum. However, it's essential to exercise caution and consider other factors alongside technical analysis when making investment decisions, as market movements can be influenced by various factors beyond chart patterns.
Based on technical analysis indicating a potential cup and handle formation in the APTUSD chart, there's a compelling expectation for the price to surge from its current level of $18 to $90. The cup and handle pattern typically signifies a bullish continuation, with the gradual upward movement forming the cup followed by a temporary consolidation or retracement forming the handle. As the price breaks out above the resistance level formed by the peak of the cup, it often triggers renewed buying pressure, propelling the asset towards higher price targets. If APTUSD follows this pattern, investors could anticipate a significant uptrend, with $90 being a plausible target for the continuation of the upward momentum. However, it's essential to exercise caution and consider other factors alongside technical analysis when making investment decisions, as market movements can be influenced by various factors beyond chart patterns.