bullishness could prevail in APT
On the daily chart, The Aptos exhibited a significant price movement. Starting from a demand level of $4.75 in Mid-October 2023, APT displayed a substantial rally. It eventually reached $19.50 by March 26th, breaking through the resistance level of $10.50 (a barrier tested several times previously).
However, the peak point at $19.50 proved unsustainable, and the price began to decline on March 27th, establishing a new support level at $6.50 by June 18th, where an ascending trendline support was also present.
Aptos (APT) Price Forecast!
At press time, the APT price traded at $6.96 with an intraday gain of 0.72%.
If the APT price manages to increase successfully from the current level and knocks out the dynamic resistance in the course, the nearest targets would be $8.00 and $10.0.
On the contrary, If the APT price fails to manage the current support level of $6.50, it could reach the $5.75 and $4.75 price mark.
What Do Aptos (APT) Indicators Highlights?
Its Indicators are presenting bearish signals due to a lack of liquidity, and the major trend was bearish, as the MACD has been in formed a bearish crossover with the histogram at -0.13, which is close to the zero line. The price is below the 50-day and 200-day EMAs, and the RSI at 31.96 shows a minor tilt upward that shows the possibility of the RSI curve taking a U-turn from oversold to the overbought zone.
These technical indicators in Aptos suggest a bearish angle, but a minor tilt upwards in RSI signifies some bullishness. As per the price action, the price is at a crucial level, and one massive liquidity candle could initiate an up move that could surpass the dynamic resistance as well. So, the current bearish signal could be false due to a lack of moment in price, and bullishness could prevail.
However, the peak point at $19.50 proved unsustainable, and the price began to decline on March 27th, establishing a new support level at $6.50 by June 18th, where an ascending trendline support was also present.
Aptos (APT) Price Forecast!
At press time, the APT price traded at $6.96 with an intraday gain of 0.72%.
If the APT price manages to increase successfully from the current level and knocks out the dynamic resistance in the course, the nearest targets would be $8.00 and $10.0.
On the contrary, If the APT price fails to manage the current support level of $6.50, it could reach the $5.75 and $4.75 price mark.
What Do Aptos (APT) Indicators Highlights?
Its Indicators are presenting bearish signals due to a lack of liquidity, and the major trend was bearish, as the MACD has been in formed a bearish crossover with the histogram at -0.13, which is close to the zero line. The price is below the 50-day and 200-day EMAs, and the RSI at 31.96 shows a minor tilt upward that shows the possibility of the RSI curve taking a U-turn from oversold to the overbought zone.
These technical indicators in Aptos suggest a bearish angle, but a minor tilt upwards in RSI signifies some bullishness. As per the price action, the price is at a crucial level, and one massive liquidity candle could initiate an up move that could surpass the dynamic resistance as well. So, the current bearish signal could be false due to a lack of moment in price, and bullishness could prevail.
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