Interesting scenario for Aptos: “Must fall first”

Aptos (APT), which is in the consolidation phase, is expected to exceed the $ 10 level soon.

APT, which is traded in the accumulation zone, has increased by 0.33 percent in the last seven days. Expectations have increased for APT, which is behind SUI, one of its biggest rivals.

According to an analysis published by AMBCrypto, if the bullish formation formed in the APT chart continues, the price may reach $ 10.44.

The analysis points to a potential rally.

Aptos ($APT ) increased by 17.84 percent before entering the consolidation phase. It is thought that the consolidation phase, which has been going on for more than a week, may end soon.

AMBCrypto reported that the formation formed in the APT chart bears similarities to the trends before a potential rally. The trends in question were interpreted as the accumulation phase and the recovery rise.

Despite the expectation of an increase, the analysis argued that investors should be cautious, and noted the following;

“A possible negative change in the crypto market could lead to a decrease in the price of $APT . This scenario will be confirmed if APT falls below or rises above the current consolidation channel.”

The CMF data, which examines the liquidity inflow and outflow of an asset, indicated that APT showed a positive trend. According to the data, a significant increase in liquidity will be recorded as traders buy more APT.

The analyses prepared using the Relative Strength Index (RSI) expect a short-term decline in APT. According to the analysis, the price needs to experience a small decline and recover quickly in order to exit the consolidation phase.

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