CandleFocus Market Sentiment Turns Bearish: Is APT’s $8.09 Support Level Strong Enough?
2024-11-06
Author: Content Editor
The cryptocurrency Aptos (APT) has experienced a significant drop in price, with a 6.61% decrease in the last 24 hours and a 10.05% decrease over the past week. The current bearish market sentiment has put APT at a critical juncture, and its trajectory will depend on its next moves. The key support level of $8.09 will determine if a rebound is possible. If this support fails, APT could drop to lower targets of $7.23, $6.42, or even $6.04. On-chain data shows heightened sell-off activity and a decline in buying interest, indicating a prevailing bearish sentiment among traders. A positive Netflow suggests potential price drops as more tokens become available for sale. The next few days will be crucial for APT's future.
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