- APT is currently priced at $15.18, with a loss of 7.78% in a week, at press time.
- The token’s price is fluctuating under the 200 EMA.
- The forecasted bearish price of APT is $12.9973.
The budding crypto Aptos has garnered attention with its cutting-edge technology and optimistic outlook. Despite this, Aptos has observed a downward trend over the past week, with a decrease of 7.78% in its market value.
APT/USDT 1-hour technical Analysis (Source: TradingView)
Despite a prolonged effort to maintain its position above the 200-day Moving Average (MA), the APT/USDT trading pair has finally succumbed to bearish pressure, sinking below the crucial MA level. The above 1-hour technical analysis of APT/USDT reveals a bearish trend that suggests further downward movement in the near future.
Currently, APT is trading inside a bearish flag. The price of Aptos may experience a temporary increase, reaching the upper trendline of the flag, before potentially experiencing a decline to its current 1-hour support level at $12.9973, potentially breaking the current low at $14.3187.
An alternative scenario suggests that if Aptos experiences a trend reversal from its curre…
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