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Aptos Price Prediction: APT Might Face Trend Reversal

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Aptos Price Prediction
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  • The current price of the APTOS is hovering around $11.22 with a drop of 3.42% during the last intraday trading session.
  • The pair of APT/BTC is trading at 0.0003931 BTC with a drop of 3.89% during the last 24 hours
  • The APT price is moving below the 20 and 50 days of Daily Moving Average and the price is still ahead of 100 days of the Exponential Moving Average.

The Aptos seems to get a trend reversal after being in a bullish trend for the past few months. The sellers might dominate the market of the APT the coin’s price is following the downward trend the buyers still attempt to get into the trade. The APT is getting reversed from its bullish trend.

During the intraday trading period, Aptos’ price fell by 3.13% to its current price of $11.22. The market for APT is dominated by bears, which may cause the price of the currency to break through to the primary support level of  $10.40. If the bearish trend persists, the price may also hit the secondary support level of $3.19. The bears will have to exert a lot of effort to get the coin to tip in their favor and place the ball in their court. The primary resistance level of $13.57 may be crossed by the market, and if so, it may move on to the secondary resistance level of $16.04 if the bears are successful in their efforts.

There has been a decrease in volume of almost 3.47%. The constant decrease in the volume of the APT indicates the acquisition of the sellers. The short-selling pressure over the coin is increasing. The APT price is moving below the 20 and 50 days of Daily Moving Average and the price is still ahead of 100 days of the Exponential Moving Average.

Exploring the Technical Indicators

The technical indicator shows the following: The intersection of the MACD and MACD signal indicates a negative cross. The buyers are getting active and attempting to take the Relative Strength Index toward the oversold territory. The RSI’s current value is 41.95  lower than its average RSI of 48.62. The RSI might move toward neutrality. The buyers must act soon as the sellers are driving the Ball into their court.

Conclusion

The current market trend of the APT is volatile the sellers are attempting to take over the trade. The current price of Aptos is hovering around $11.22 with a drop of 3.42% during the last intraday trading session. The buyers must act soon as the sellers are driving the Ball into their court.

Technical Levels

Support Levels: $10.40 and $3.19

Resistance Levels: $13.57 and $16.04

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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