Aptos Technical Analysis: Bearish Trend with Sideways Oscillations
Aptos is a fascinating player in the world of cryptocurrency, making its mark with impressive impact. Regardless of whether you’re a seasoned crypto pro or just starting out, this coin is a must-watch. Buckle up and get ready to jump on board the Aptos revolution! And, the buzz surrounding Aptos is that it’s poised to shake things up and become the “Solana Killer” before it’s even launched.
Aptos/USDT 1-hour trading analysis (Source: TradingView)
The graphical representation above depicts a technical analysis of the Aptos/USDT trading pair over a one-hour time frame. As indicated by the downward trajectory of the chart, Aptos is presently exhibiting a bearish trend, trading beneath the 200-day moving average. Furthermore, the 50-day moving average is situated below the 200-day MA, indicating that the bullish momentum has weakened and is no longer driving price action upward.
Recently, Aptos attempted to ascend toward the $14.6 price point, however, it was unable to break above the previous resistance level and has been declining in value since. Despite the bearish trend, it is also evident that Aptos has been oscillating within a sideways range.
Aptos/USDT 1-hour trading analysis (Soruce: TradingView)
Aptos’ Relative Strength Index on the one-hour chart is sitting pretty at 34, signaling that it’s almost in oversold territory. So, it’s fair to say that we can expect this coin to bounce back from its current price point and soar to new heights at $13.81.
Right now, Aptos has a key level to watch at $12.55. If Aptos drops below this point, it could potentially head down towards $10. On the other hand, if it breaks free from its current downward trajectory, it might just trade sideways in the current market conditions.
The post Aptos Technical Analysis: Bearish Trend with Sideways Oscillations appeared first on Analytics Insight.
Aptos is a fascinating player in the world of cryptocurrency, making its mark with impressive impact. Regardless of whether you’re a seasoned crypto pro or just starting out, this coin is a must-watch. Buckle up and get ready to jump on board the Aptos revolution! And, the buzz surrounding Aptos is that it’s poised to shake things up and become the “Solana Killer” before it’s even launched.
Aptos/USDT 1-hour trading analysis (Source: TradingView)
The graphical representation above depicts a technical analysis of the Aptos/USDT trading pair over a one-hour time frame. As indicated by the downward trajectory of the chart, Aptos is presently exhibiting a bearish trend, trading beneath the 200-day moving average. Furthermore, the 50-day moving average is situated below the 200-day MA, indicating that the bullish momentum has weakened and is no longer driving price action upward.
Recently, Aptos attempted to ascend toward the $14.6 price point, however, it was unable to break above the previous resistance level and has been declining in value since. Despite the bearish trend, it is also evident that Aptos has been oscillating within a sideways range.
Aptos/USDT 1-hour trading analysis (Soruce: TradingView)
Aptos’ Relative Strength Index on the one-hour chart is sitting pretty at 34, signaling that it’s almost in oversold territory. So, it’s fair to say that we can expect this coin to bounce back from its current price point and soar to new heights at $13.81.
Right now, Aptos has a key level to watch at $12.55. If Aptos drops below this point, it could potentially head down towards $10. On the other hand, if it breaks free from its current downward trajectory, it might just trade sideways in the current market conditions.
The post Aptos Technical Analysis: Bearish Trend with Sideways Oscillations appeared first on Analytics Insight.
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