Date: Sat, March 01, 2025 | 04:05 AM GMT
The cryptocurrency market has kicked off the new month with a strong recovery after enduring a significant downturn throughout February. Just yesterday, Bitcoin (BTC) plummeted to a low of $78K before rebounding to its current price of $85K.
Among the standout performers in this rebound are Aptos (APT) and Cosmos (ATOM), both showing impressive gains. APT has surged over 11% following a successful breakout and retest, while ATOM is up more than 8%, with its price action suggesting a similar trajectory.
Source: Coinmarketcap
Aptos (APT)
APT recently broke out from a falling wedge pattern that had kept its price movement constrained for weeks. On February 19, the token decisively surpassed the upper trendline of the wedge, rallying to a local high of $7.06.
Aptos (APT) Daily Chart/Coinsprobe (Source: Tradingview)
As expected after a breakout, APT retraced to retest the breakout trendline around $5.05, which has now turned into strong support. This successful retest confirmed the breakout’s validity, and the token has since rebounded, currently trading at approximately $6.40. Now, it’s eyeing a move past its recent high of $7.06 and the 50-day moving average (MA).
If APT manages to break above these levels, its next resistance points lie at $8.41 and $9.88—potentially offering a 54% gain from its current price.
Cosmos (ATOM)
Cosmos (ATOM) appears to be mirroring APT’s breakout pattern. On February 21, ATOM broke above its falling wedge resistance trendline, reaching a local high of $5.08 before pulling back for a retest. This brought the token down to its breakout trendline at $4.20.
Cosmos (ATOM) Daily Chart/Coinsprobe (Source: Tradingview)
Following the successful retest, ATOM has rebounded to $4.64 and is now approaching its previous high of $5.08 and the 50-day MA. If it can break through this resistance, the next major targets lie at $6.40 and $7.16—representing a potential 53% upside from its current level.
Final Thoughts
With both APT and ATOM confirming their breakouts and successfully retesting key levels, the signs of a broader recovery are becoming stronger. If these tokens can cross their respective moving average lines, bullish momentum could intensify, opening the door to even higher price targets in the near term.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions in the cryptocurrency market.
