Distress Signal in Aptos (APT): Uptrend Broken! - Coinleaks
Current Date:September 21, 2024

Distress Signal in Aptos (APT): Uptrend Broken!

Aptos (Aptos), which creates an ascending trend structure from $5.28 to $8. APT), along with the downward breakdown, lost nearly 9 percent of its value.

of BTC Aptos (APT), perhaps one of the best performing altcoins on its journey from $24,800 to $31,500, has increased by more than 50 percent. The popular coin, which created a rising trend structure throughout this process, has never broken down, although it has tested this trend many times. APT, which finally broke this structure down due to the indecision in BTC, lost 9 percent in a short time. APT There is a strong possibility that the downtrend will continue. But what values ​​are critical?

Aptos (APT) Technical Analysis

Exploding upwards from $5.28, APT managed to reach $8 with an increase of 50.64 percent within days. Currently trading at $7.07, APT is priced below the uptrend. Neglecting this structure makes the depth of possible falls more dangerous.

In order for APT to move up again, it needs to break above 7.61 – 7.98 and monthly opening price respectively. In the scenario where the market is trending down or APT fails to increase independently, the price can be expected to test $6.53 – $6.03 and $5.28, respectively.

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