๐Aptos (APT) Price Analysis: Bearish Trend Deepens๐
๐ฅ Recent Price Breakdown:
Aptos ($APT) has faced a staggering 35% drop in the past week, as the bears continue to dominate. Letโs break down the recent price action:
๐ Tuesday: ๐ป A sharp 7% decline saw APT break below the 20-day SMA, closing at $12.92. Sellers took charge, kicking off the downward movement.
๐ Wednesday: ๐ป Another 8.2% drop, bringing APT below the 50-day SMA, with a close at $11.85. Bearish sentiment continued to increase as APT struggled to find support.
๐ Thursday: ๐ผ A brief recovery attempt, with APT rising to $12.72 (intraday high). However, ๐ป momentum quickly fizzled out, and APT dropped 4% back to $11.36.
๐ Friday: ๐ป Another 4.31% decline, closing at $10.87. Sellers continued their control, pushing APT lower by the end of the week.
๐ฎ Whatโs Ahead for APT?
Bearish Pressure: APT is currently facing heavy resistance at $12.72 and $11.85 (50-day SMA). $10.00 is a key support level to watch; if this is broken, further downside could follow.
๐ง Key Levels to Watch:
๐ Support Zones: $10.00 (Major support), $11.36 (Recent low)
๐ Resistance Zones: $12.72 (Intraday high), $11.85 (50-day SMA)
โก Conclusion:
Aptos (APT) is currently trapped in a bearish trend. With resistance at $12.72 and $11.85, itโs essential for APT to break these levels for a potential reversal. Until then, the price could continue to test the $10.00 support level.
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