- The APT is performing well since its launch in 2022. But the bears are trying to enter the trade
- The current price of Aptos is $12.41 and has grown about 0.44% during the last intraday trading session
- The pair of APT/BTC is currently at 0.0005348 BTC a gain of 0.42%
The Aptos has been under bullish dominance since its launch. Aptos was launched in the financial year 2022 the coin was following an upward trend with steady upward momentum. The bears tried to give some dips but the APT has stayed strong. The coin may prove itself as a promising cryptocurrency.
The price of APT is currently around $12.41 and has increased by about 0.44% during the intraday trading period. APT/BTC is currently trading at about 0.0005348 BTC and has grown by 0.42% in the past 24 hours. The bears are trying to manipulate the market of APT Since the start of 2023 the bulls are also trying to take control of the APT. The bullish dominance of the coin may take the price of the coin to the Primary resistance of $16.00 and it may drive up to the secondary resistance of $18.57.
The bears are attempting to enter the trade if the bulls get weak then the bears may enter the trade. This may lead the price of APT to reach the primary support of $7.57 and if the bears dominate the market of the APT we may see the price move towards the secondary support of $2.50 over the daily price chart.
The volume of the coin has increased by approx 17.34% in the last 24 hours. The increase in volume clearly shows that the selling pressure has decreased.
APT is behind by the daily moving average of 20 and 50 days. And is still above the 100 Days of Exponential Moving Average.
The Technical Analysis of APT
The technical indicator shows that: The negative cross is indicated by the intersection of the MACD and MACD indicators. The Relative Strength Index has left the overbought region and is moving toward the oversold Zone. The coin’s RSI is approaching the oversold region as selling pressure increases and buyers stand firm. The RSI’s current reading is 42.08 and the average RSI is 49.60
Conclusion
The market trend of Aptos is bullish but the bear’s interference in the market of APT is confusing the investors. The coin is losing potential as the bears are giving the dip to the coin. The current price of Aptos is $12.41 and has grown about 0.44% during the last intraday trading session
Technical Levels
Support Levels: $7.57 and $2.50
Resistance Levels: $16.00 and $18.57
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.
Source: https://www.thecoinrepublic.com/2023/02/27/aptos-price-analysis-a-new-coin-to-watch-out-for/