1. BITBILIHome
  2. Article

Aptos price analysis: APT losses value at $8.17 as bears dominate the market

• 267 views

TL;DR Breakdown

  • Aptos price analysis is bearish today.
  • APT/USD rallied back below $8.38.
  • Bearish momentum is slowly taking over today.

Aptos price analysis shows a negative trend in today’s trading. The APT/USD pair declined to the $8.17 mark after the bulls failed to push the price higher. The APT/USD pair had a high of $8.38 the previous day but the bulls could not sustain the momentum. For now, the pair is trading below its previous day’s high and is likely to remain bearish in the coming sessions. The support for APT/USD remains at $8.01, which supports the bearish trend. On the upside, the resistance is seen at $8.38 and if the bulls can break this level, then we could expect another strong rally in APT/USD.

Aptos price analysis 1-day price chart: APT /USD pair is trading in a downtrend

On the 1-day price chart, Aptos price analysis is trading in a strong bearish trend. The pair has been declining for most of the past few days in a row. The coin has lost more than 2.69 percent value during the last 24 hours and is currently trading at $8.17. The trading volume is still in a gain of 62 percent and is currently at $48 million, while the market capitalization has decreased to $1.61 billion. The daily chart for APT/USD shows strong bearish momentum in the market with two significant bearish candles forming on the price chart.

image 802Aptos price analysis: APT losses value at .17 as bears dominate the market
APT/USD 24-hour price chart. Source: Tradingview

The technical indicators are also pointing towards bearish sentiments for the APT/USD pair. The moving average convergence/divergence (MACD) is trading in a bearish crossover, with the signal line moving below the MACD line. The relative strength index (RSI) is also trading in a bearish zone and has dropped below the 50 level at  34.29. The moving average is also showing a downtrend, currently, the MA on the 1-day chart is at $8.45 just near the current price of $8.17.

Aptos price analysis: Selling pressure is likely to continue

The 4-hour Aptos price analysis shows a steep deficit in the price levels as the bears have regained their strength. The price has stepped down to $8.17, which is surprising for the buyers, but the coin was under bearish pressure from the start of the day; however, most of the loss incurred during the last 4 hours when bears plunged the price levels exceedingly low.

image 803Aptos price analysis: APT losses value at .17 as bears dominate the market
APT/USD 4-hour price chart. Source: Tradingview

The RSI index has also decreased up to index 37.33, and the curve is still pointing downwards as the selling pressure continues to suppress the price levels. The  MACD line is trading below the signal line, which is indicating a bearish trend, additionally, the histogram is also slightly slanted downwards, which supports the bearish trend for Aptos. The price has also breached the 20 and 50-day moving average levels and with this point in time; it seems that the selling pressure is likely to continue in the coming days.

Aptos price analysis conclusion

Aptos price analysis shows that the APT/USD pair is in a bearish trend and has declined below its previous day’s high at $8.38. The technical indicators are also pointing towards bearish momentum in the market, with the selling pressure likely to continue in the coming days. The APT/USD pair is currently trading at $8.17 and is likely to go lower if the bearish momentum persists. The support for APT/USD remains at $8.01, which could be a key level of resistance for the bulls.

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: APT losses value at $8.17 as bears dominate the market

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23日 19:51
Next 2023年5月23日 23:46

Related articles

  • Big Tech’s worst nightmare is US antitrust plans

    TL;DR Breakdown Big Tech is facing intense scrutiny from U.S. antitrust regulators. The Biden administration has challenged numerous mergers and acquisitions, particularly in the tech sector. Despite some legal defeats, new guidelines have been published to regulate potential monopolies. Description Bracing for a storm, Big Tech faces an uneasy future as the U.S. antitrust enforcement agenda gains momentum. President Joe Biden’s administration continues to scrutinize mergers and acquisitions, underlining the growing skepticism towards large-scale deals, particularly within the technology sector. The hard stance on Big Tech’s mergers and acquisitions Over the years, corporate amalgamations have … Read more Bracing for a storm, Big Tech faces an uneasy future as the U.S. antitrust enforcement agenda gains momentum. President Joe Biden’s administration continues to scrutinize mergers and acquisitions, underlining the growing skepticism towards large-scale deals, particularly within the technology sector. The hard stance on Big Tech’s mergers and acquisitions Over the years, corporate amalgamations have become a formidable tool in the arsenals of tech giants. Yet, under Biden’s administration, regulatory forces have exhibited an uncompromising stance, challenging an unparalleled number of mergers….

    Article 2023年7月21日

  • Zimbabwe tests digital currency backed by gold

    TL;DR Breakdown Zimbabwe’s Reserve Bank is testing a gold-backed digital currency to stabilize the country’s struggling economy. The digital currency aims to serve as a legal tender for peer-to-peer and business transactions. The move is considered risky, with concerns about potential depletion of Zimbabwe’s gold reserves. Several other measures were involved, including scrapping import licenses and raising interest rates to 150% from 140%. Description In an audacious move to stabilize its faltering economy, Zimbabwe has commenced trials for a gold-backed digital currency. This bold step comes as the African nation continues to grapple with staggering inflation rates, forcing its citizenry into an awkward dance with the devaluating local currency. A digital lifeline amid economic turbulence The Reserve Bank of … Read more In an audacious move to stabilize its faltering economy, Zimbabwe has commenced trials for a gold-backed digital currency. This bold step comes as the African nation continues to grapple with staggering inflation rates, forcing its citizenry into an awkward dance with the devaluating local currency. A digital lifeline amid economic turbulence The Reserve Bank of Zimbabwe (RBZ) has…

    Article 2023年7月10日

  • Retail investors get voting power in BlackRock’s top ETF

    TL;DR Breakdown BlackRock plans to grant retail investors in its iShares Core S&P 500 ETF proxy voting rights from 2024. Investors can select from seven general policies, but cannot vote on individual companies. This move comes amidst criticism that large fund managers prioritize social and environmental goals over investors’ returns. Description In a groundbreaking move, BlackRock, the world’s largest asset manager, has announced plans to grant retail investors in its premier exchange-traded fund (ETF), iShares Core S&P 500 ETF (IVV), voting rights in proxy decisions starting from 2024. This significant action comes as part of a broader industry trend that has seen other giant index fund … Read more In a groundbreaking move, BlackRock, the world’s largest asset manager, has announced plans to grant retail investors in its premier exchange-traded fund (ETF), iShares Core S&P 500 ETF (IVV), voting rights in proxy decisions starting from 2024. This significant action comes as part of a broader industry trend that has seen other giant index fund providers, like State Street and Vanguard, explore methods to incorporate ordinary investors’ voice in their investment…

    Article 2023年7月18日

  • SEC not likely to approve spot Bitcoin ETF, former SEC chief says

    TL;DR Breakdown John Reed Stark says the Securities and Exchange Commission will unlikely approve a spot Bitcoin ETF. The former SEC chief, however, said that if a Republican wins the elections, the agency will reduce crypto scrutiny. Description The possibility of a Bitcoin exchange-traded fund (ETF) focused on spot trading gaining approval from the U.S. Securities and Exchange Commission (SEC) appears unlikely, according to John Reed Stark, the former head of the agency’s Office of Internet Enforcement. In a recent post on X, Stark expressed his belief that due to various strong justifications, … Read more The possibility of a Bitcoin exchange-traded fund (ETF) focused on spot trading gaining approval from the U.S. Securities and Exchange Commission (SEC) appears unlikely, according to John Reed Stark, the former head of the agency’s Office of Internet Enforcement. In a recent post on X, Stark expressed his belief that due to various strong justifications, the present SEC administration is unlikely to give the green light to a Bitcoin spot ETF application. SEC’s continued crypto scrutiny might depend on the 2024 elections While Stark…

    Article 2023年8月14日

  • Arbitrum price analysis: Uptrend remains preserved as price safely rejoins $1.16

    TL;DR Breakdown The Arbitrum price analysis validates bullish dominance. The bulls have taken price above $1.16. Support is sufficient at $1.04 level. The Arbitrum price analysis reveals that the uptrend has been intact as the bulls have been trying to maintain their lead despite a very low price oscillation. The bullish momentum lacks spark, but at least the trend has been saved from reversing until now, which is why the price has been slightly uplifted to the $1.16 level. This counts as an accomplishment for the buyers, as previously the chances of progression were quite limited. ARB/USD 1-day price chart: Bullish momentum continues as the price recovers slowly The 1-day price chart for Arbitrum price analysis shows the cryptocurrency price has been advancing at a slow pace for the past two weeks, which is a moment of encouragement for the buyers. The price has been elevated up to $1.16 in the last 24 hours, as the bulls have been maintaining their upper position proficiently. The price has been able to reach near the moving average (MA) value as well, which…

    Article 2023年5月22日
TOP