Aptos (APT), which recovered quickly from the Upbit disaster, posed a danger with its technical structure after the decline in Bitcoin (BTC).
APT, which had a sharp decline recently due to a technical problem in Upbit, later exploded. The elimination of the technical problem and the rise of BTC from $ 26,000 to $ 28,580 were a cure for APT. However, BTC’s sharp decline and APT’s breaking of its rising trend made the decline inevitable. What is the technical analysis for the popular coin, which lost 7.45 percent in value in a short time?
Aptos (APT) chart evaluation
With BTC hitting $27,250, APT broke the rising trend and weakened to $5.32, creating concern in its ecosystem and investors. APT, which is at $ 5,406 as of the writing of the news, can move towards 5,448 – 5,493 – 5,564 and $ 5.70, respectively, as long as it maintains the red area as support. In this process, the news flow in the sector, BTC’s price movements and developments in the Aptos ecosystem will be decisive.
Failure to overcome the red area, BTC continuing to decline and Fud news appearing again will naturally pull the APT price down. The levels that can be followed as support in such a scenario are $5,327 – $5,247 and $5.17, respectively. In addition, if the $ 5.17 level, where the uptrend started, holds as support, this may further expand the selling wave.
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