CandleFocus Market Trends Lift Aptos (APT) Price Up, Yet Decline Might Follow
2024-11-05
Author: Content Editor
The native token of Layer-1 blockchain Aptos, APT, has experienced a 2% increase in the past 24 hours. However, this uptick seems to be in line with the broader cryptocurrency market and may not be indicative of a sustainable rally. APT is currently facing a strong bearish bias, with its price dropping by 8% over the past week and falling below key moving averages. The bearish outlook is reinforced by the MACD setup, which indicates negative momentum. At present, APT is trading at $8.27, just above a support level at $7.87. Failure to hold this support could result in a further decline to $5.66. However, if buying pressure strengthens, APT may rally and aim to surpass the $10.07 level.
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