APT moves towards bearish dynamics at $8.45 – Cryptopolitan

Aptos price analysis shows that the APT is currently in a downtrend as the price has been trading between $8.37 and $8.73 over the past few 24 hours. The long-term trend appears to remain bearish, as it has not been able to break its resistance at $10.7968 and is currently trading below the $8.45 level. The bears have been able to control the market as they have pushed the price below the resistance level. The digital asset is currently in a downward trend and does not seem to be making any significant gains anytime soon. The strong bearish pressure could lead to further downside in the near future. However, if the bulls are able to gather some momentum and push the APT price above the $10.7968 resistance level, then it could trigger a new uptrend in the market.

Aptos price analysis 1-day chart: APT faces break down to $8.45 as bears take over

Looking at the daily chart, Aptos confirms that the price is going down again as the bears have managed to push the digital asset back below the $8.45 level. Currently, the price is showing a decline of over 2.38 percent at the time of writing and appears to be in a long-term downtrend. In order for the bulls to gain control of the market, they will need to break above this resistance level in order to trigger a new uptrend in the market. On the other hand, if the bearish pressure continues to remain strong and push the price further downward, then it could lead to further downside for the Aptos token. 

The relative strength index (RSI) is currently at 36.05, which indicates that the market is in oversold territory and that selling pressure is high. The MACD is currently in bearish territory and is likely to see further downside momentum. The area between the Bollinger bands is increasing, suggesting that further downtrends are coming ahead as the volatility increases. The upper band of the Bollinger Bands indicator is touching the $10.80 point, whereas the lower band is present at a $7.51 margin.

APT/USD 4-hour price chart: Bearish trend likely to continue

The 4-hour Aptos price analysis shows that a bearish trend currently controls the market as a loss in coin value is observed. The price underwent a minor bullish rally but failed to break the resistance at $10.7968. The digital asset has now dropped below the $8.45 level, which suggests that traders expect further losses in the near future. The market volatility is high, therefore, the upper Bollinger band value is at $8.79, whereas the lower Bollinger band value has moved down to $8.32.

The technical indicators are signaling a bearish shift, with the moving average convergence and divergence (MACD) line in the negative zone and below the signal line. The relative strength index (RSI) is also trending lower and is in a neutral zone. The bears are ruling the market on all timeframes, with the price settling at $8.45 at the moment of writing.

Aptos price analysis conclusion 

In conclusion, Aptos price analysis confirms that the bears have been able to maintain control of the market as they continue to push the digital asset below its strong resistance level. If the bulls are able to break above the $10.7968 resistance level, then it could trigger a new uptrend in the market. Otherwise, if the bearish pressure continues to remain strong, it could cause further losses. Investors should exercise caution while trading the APT token and keep a close eye on the technical indicators for further insights.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.