Aptos (APT), which formed a trend structure from $5.28 to $8, lost nearly 9 percent of its value with the downward breakdown.
Aptos (APT), perhaps one of the best performing altcoins on BTC’s journey from $24,800 to $31,500, has increased by more than 50 percent. The popular coin, which created a rising trend structure throughout this process, has never broken down, although it has tested this trend many times. APT, which finally broke this structure downwards due to the indecision in BTC, lost 9 percent in a short time. The possibility of continuing the decline on the APT side seems strong. But what values are critical?
Aptos (APT) Technical Analysis
Exploding upwards from $5.28, APT managed to reach $8 with an increase of 50.64 percent within days. Currently trading at $7.07, APT is priced below the uptrend. Neglecting this structure makes the depth of possible falls more dangerous.
In order for APT to move up again, it needs to break above 7.61 – 7.98 and monthly opening price respectively. In the scenario where the market is trending down or APT fails to increase independently, the price can be expected to test $6.53 – $6.03 and $5.28, respectively.
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