Despite the market trading under a bearish influence, the APT price has managed to record profits of over 4% during the past day. The coin has displayed strong positive moves, resulting in the Aptos token adding significant value to its portfolio this year.
The APT price traded in a closed space between $6.7628 and $7.1615 for a while, following which the price gained momentum and broke out, but the rally was short-lived as the price faced rejection at $7.5603. The price then traded sideways for over two weeks.
During this time the coin displayed significant price volatility and constantly bounced between the range of $6.7628 and $7.5603. After multiple attempts to break out of the resistance level at $7.5603, the bulls lost momentum and recorded a correction of over 10% in value.
Aptos price traded in a consolidated range between $6.7628 and $7.1615 for a while, after which the market regained momentum and the price jumped 10% in value. Following this, the price displayed significant price volatility and then recorded a jump of over 16% in value.
The price then faced rejection at $8.8025 and erased all its gains from the previous pump, resulting in the price hovering close to its support level of $7.5603.
Recently, the price regained momentum and jumped 22% in value before facing rejection at $9.2243. Since then, the price has been trading under a bearish influence and has recorded a loss of approximately 10% in its valuation.
The Relative Strength Index (RSI) displays a sharp decline in the chart, indicating an increased selling pressure for the coin in the market. Further, the averages show a bearish convergence, suggesting the price will continue losing value in the coming days.
If the bulls push the price above the resistance level of $8.4805, the price will regain power and make a run to test its upper resistance level of $9.2243. Maintaining the price at that level will set the stage for Aptos to attempt to test its upper limit of $10 by the month-end.
Conversely, if the bears continue to gain power, the price will fall to test its support level of $7.5603. Moreover, if the bears continue to dominate the market, it will plunge further and prepare to test its lower support level of $7.1615 in the coming days.
As Bitcoin continues to ride the waves of volatile markets, experts are making predictions about…
Elon Musk has cleared the air about rumors surrounding Dogecoin's potential inclusion in the U.S.…
The weekly trade has begun on a bearish note, with the prices of most tokens…
A South Korean court has sentenced three members of a crypto scam ring to prison…
XRP has shown some interesting price movements over the past 24 hours, with increased trading…
Amid the bearish market sentiment, Cardano's (ADA) price prediction has become a key topic among…