1. BITBILIHome
  2. Article

Aptos Price Analysis: Bearish Sentiment Prevails, Resistance at $9.21

• 106 views

TL;DR Breakdown

  • The Aptos price analysis is bearish.
  • Resistance for APT/USD is present at $9.21.
  • Support for APT is present at $8.30.

The Aptos price analysis reflects a bearish sentiment today, with the coin undergoing a slight correction. While the bulls have performed well in the past week, there have been some minor corrections, including the current one, which has interrupted their upward momentum. The overall trend is bearish, as prices have been decreasing since the beginning of the trading session. The next support level for APT is located at $8.30, although there is a possibility of an earlier bullish resurgence before reaching that point.

APT/USD 1-day price chart: APT records three percent growth despite today’s negative sentiment

Today’s 1-day Aptos price analysis reveals a bearish trend, with the price experiencing a decline after a recent period of bullish movement. Currently trading at $8.68, the coin still shows a 3 percent gain in value over the last 24 hours, and the crypto pair has also recorded a 4.15 percent increase in value over the past week. The trading volume has risen by 29%, and the market cap has grown by 3.31 percent overnight, leading to a market dominance of 0.15 percent.

apt1deqwAptos Price Analysis: Bearish Sentiment Prevails, Resistance at .21
APT/USD 24-hour price chart. Source: Tradingview

The volatility is mild as the Bollinger bands move along without any changes. The upper value of the Bollinger Bands Indicator is now standing at $10.66, representing the resistance, whereas the lower value is present at $7.53, representing support for the APT price. The moving average (MA) is trading just below the price level at $8.48 as well. The Relative Strength Index (RSI) score has also decreased to an index of 39, and the slope is slightly downward, indicating mild selling activity in the market.

Aptos price analysis: Recent developments and further technical indications

The 4-hour Aptos price analysis shows the bears have taken the lead back after the price spiked high yesterday, and the price function has undergone a deficit after that as the selling pressure triggered. After following the downward pattern, the price decreased to $8.68. The bears have been trending for most of the time today except for four hours when support showed up, but bears may take over again.

apt4htyeAptos Price Analysis: Bearish Sentiment Prevails, Resistance at .21
APT/USD 4-hour price chart. Source: Tradingview

The 4-hour chart shows mild volatility, even though the Bollinger bands are converging. However, the distance between the bands remains significant. The upper limit of the Bollinger Bands Indicator acts as resistance at $8.85, while the lower limit provides support at $8.36. The RSI score has also decreased to 55 within the upper half of the neutral zone due to ongoing selling activity.

Aptos price analysis: Conclusion

The 1-day and 4-hour Aptos price analysis indicate a seller’s advantage, with prices trending downwards throughout the day. Despite unfavorable conditions, the overall trend remains intact, and we anticipate APT to continue gradually losing value for the remainder of the day within a certain limit.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Aptos Price Analysis: Bearish Sentiment Prevails, Resistance at $9.21

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年5月19日 14:48
Next 2023年5月19日 15:30

Related articles

  • SEC and Binance.US Engage in Negotiations to Avoid Total Asset Freeze

    TL;DR Breakdown United States District Judge Amy Berman Jackson has instructed the SEC and Binance.US to negotiate a compromise to prevent a total asset freeze. Judge Jackson emphasized the potential consequences of a complete shutdown and expressed optimism about reaching an agreement. In a bid to prevent a potential asset freeze that could have far-reaching consequences for both Binance.US and the digital asset markets, United States District Judge Amy Berman Jackson has ordered the cryptocurrency exchange and the United States Securities and Exchange Commission (SEC) to engage in negotiations. This development follows the SEC’s emergency motion for a temporary restraining order against Binance.US, accusing its CEO, Changpeng “CZ” Zhao, of accessing customer funds.  As the two parties work towards a compromise, Judge Jackson’s involvement offers hope for a resolution that safeguards customer assets while allowing the exchange to continue its operations. With an update on the negotiations scheduled, the outcome of these discussions carries significant implications for the future of Binance.US and the wider crypto industry. Contents hide 1 U.S District Judge Facilitates Negotiations for Compromise Agreement 2 Progress toward…

    Article 2023年6月17日

  • Alchemy Pay secures first U.S. Money Transmitter License in Arkansas

    TL;DR Breakdown Alchemy Pay has obtained its first Money Transmitter License in the U.S., specifically in the state of Arkansas, allowing it to offer crypto-to-fiat transactions among other financial services. The Singapore-based firm, which already operates in 173 countries, is also in the process of securing similar licenses in other U.S. states as part of its global expansion strategy. This development follows Alchemy Pay’s recent collaborations with Mastercard and Visa, and the company aims to further bridge the gap between fiat and crypto economies. Description In a significant move towards expanding its global footprint, cryptocurrency payment gateway Alchemy Pay has been granted a Money Transmitter License in the state of Arkansas. The license, issued by the Arkansas Securities Department on September 13, allows the Singapore-based firm to offer a range of financial services, including crypto-to-fiat transactions, in the state. A … Read more In a significant move towards expanding its global footprint, cryptocurrency payment gateway Alchemy Pay has been granted a Money Transmitter License in the state of Arkansas. The license, issued by the Arkansas Securities Department on September 13,…

    Article 2023年9月22日

  • The China enigma: Investors left in the dark

    TL;DR Breakdown Chinese stocks’ rapid rise and subsequent fall left investors puzzled. Expectations of US-China relations improvement, consumer spending surge, and Beijing’s economic stimulus fell short. Investors’ hopes dampened due to geopolitical tensions and cautious spending by Chinese consumers. Despite setbacks, some expect China to increase stimulus measures and predict positive market performance. Description Navigating the shadowy contours of China’s investment landscape has left many global investors disoriented. The perplexing climb and subsequent crash of Chinese stocks early this year only underscores the enigmatic nature of the world’s second-largest economy. Let’s unravel the circumstances that have left investors in the dark. The rise and fall of China stocks As … Read more Navigating the shadowy contours of China’s investment landscape has left many global investors disoriented. The perplexing climb and subsequent crash of Chinese stocks early this year only underscores the enigmatic nature of the world’s second-largest economy. Let’s unravel the circumstances that have left investors in the dark. The rise and fall of China stocks As the stringent Covid restrictions started lifting in January, optimism soared high for the…

    Article 2023年7月7日

  • Binance forced to leave Netherlands amidst regulatory turmoil

    TL;DR Breakdown Binance has made the decision to exit the Dutch market due to its inability to obtain a virtual asset service provider (VASP) license from the Dutch regulator. Effective from July 17, Binance will only allow Dutch residents to withdraw their funds from the platform, as stated in an announcement by the exchange. The exchange expressed its commitment to maintaining engagement with Dutch regulators, indicating a willingness to continue discussions. Binance, the largest cryptocurrency exchange globally, has made the decision to exit the Dutch market due to its inability to obtain a virtual asset service provider (VASP) license from the Dutch regulator. The license attests that Binance complies with anti-money laundering (AML) guidelines, which the exchange failed to persuade the regulator to issue. Effective from July 17, Binance will only allow Dutch residents to withdraw their funds from the platform, as stated in an announcement by the exchange. Binance expressed regret over its departure from the Dutch market, informing users that new registrations from the Netherlands would no longer be accepted. Existing Dutch resident users will have the option…

    Article 2023年6月19日

  • Polygon 2.0 Architecture Unveiled, MATIC Price Surges by 5.6%

    TL;DR Breakdown Polygon 2.0 architecture, unveiled by co-founder Sandeep Nailwal, introduces unlimited scalability and unified liquidity through ZK-powered Layer 2 chains and a novel interop layer. MATIC price surged by 5.6% following the announcement, solidifying Polygon’s position as a leading blockchain platform with a market capitalization of $6.1 billion. Description Polygon, the Layer-2 scalability platform co-founded by Sandeep Nailwal, has reached a significant milestone with the unveiling of its highly anticipated Polygon 2.0 architecture. The announcement not only marks a major advancement for the project but has also had a positive impact on the market performance of Polygon’s native cryptocurrency, MATIC, which experienced a notable … Read more Polygon, the Layer-2 scalability platform co-founded by Sandeep Nailwal, has reached a significant milestone with the unveiling of its highly anticipated Polygon 2.0 architecture. The announcement not only marks a major advancement for the project but has also had a positive impact on the market performance of Polygon’s native cryptocurrency, MATIC, which experienced a notable surge in price. Unlimited Scalability and Unified Liquidity: Key Features of Polygon 2.0 Polygon 2.0 introduces several…

    Article 2023年7月3日
TOP