The price of Aptos (APT) cryptocurrency fell by 26.06% last month and tested a previous low of $5.50. However, buyers stepped in to defend the $5.50 support level and the price showed a minor recovery, suggesting that bullish activity is increasing in an attempt to reverse the downward trend. The price is currently stuck in a descending pattern but has formed a strong base around $5.50, reducing the downside risk. However, it is still trading below the 50-day and 200-day Exponential Moving Averages (EMA). In December 2024, the price reached a high of $15.37 but was unable to maintain the bullish momentum, leading to panic selling. Currently, the Aptos price is trading at $6.32 with a 13.42% intraday rise, and the market cap is $3.7 billion with a 76% bullish community sentiment. While the short-term technical analysis suggests a bullish outlook, reaching $10 is unlikely due to strong resistance levels at higher prices. The resistance levels for Aptos are $7.56 and $8.86, while the support levels are $5.50 and $5.00.



Other News from Today