CandleFocus Aptos (APT) Price Recovers 15% After $2 Billion Market Cap Loss
2024-12-12
Author: Content Editor
The price of Aptos (APT) has seen a 15% increase in the past 24 hours, recovering after a $2 billion market cap drop and a $134 million token unlock. Despite bearish signals like a death cross formation and a 10% decrease in price, APT is showing potential for a trend reversal. Indicators like the Ichimoku Cloud and EMA lines suggest bullish momentum could push APT towards $15, but it is crucial to maintain support at $13.38. The Aptos DMI chart shows a weakening trend strength, but it is still moderately strong. The crossover of D+ above D- indicates potential bullish momentum, but if the price dips back into the cloud, it could signal indecision and support levels at $12.5 may come into play. The EMA lines initially formed a death cross, signaling a bearish trend, but a potential bullish crossover could ignite an upward move towards $14.88 or $15.34. However, if support at $13.38 is lost, APT could face another downturn to $12.3.
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