Aptos Price Continues Bleeding! Where Is APT Price Heading Next?

The post Aptos Price Continues Bleeding! Where Is APT Price Heading Next? appeared first on Coinpedia Fintech News

The crypto space experiences a bearish sentiment as top cryptocurrencies continue to record significant price volatility in their respective charts. The Aptos (APT) price has recorded a correction of approximately 10% within the past day and has cumulatively lost over 12% during the past week.

The Aptos price traded in a narrow space between $7.6023 and $7.9517 for a while, after which the price gained momentum and jumped over 18% in its valuation. However, the price faced rejection at $9.0265, resulting in a correction of approximately 8%.

Following this, the price traded under a bearish influence and tested its crucial support level of $7.6023. After multiple attempts, the APT price regained momentum and jumped over 27% before facing rejection at $9.6803.

TradingView: APT/USDT

Aptos price then traded sideways for a while, as the market gained momentum, the bulls regained power and broke out of their resistance level. Following this, the Aptos coin displayed significant price volatility for over a week.

After testing its lower support level of $9.0265, the APT price recorded a jump of approximately 21%, but the rally was short-lived as the bulls faced rejection at $10.9105.

The bulls lost momentum and experienced a trend reversal, resulting in the price raising all its gains from the pump. After multiple attempts to hold the price above the support level of $9.0265, the price lost momentum and recorded a correction of over 13%.

Will Aptos Price Increase Again?

The MACD displays a constant red histogram, indicating a weak buying pressure. Further, the averages show a constant decline in the chart, suggesting a bear power in the crypto space.

If the Aptos price pushes the price above the resistance level, the coin will prepare to test its upper resistance level of $9.0265 soon. Moreover, if the market holds the price at that level, it will run and test its resistance level of $9.6803 by the coming week.

Conversely, if the bulls fail to break out of their resistance level, the APT price will lose momentum and fall to test its support level of $7.9517. Further, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $7.6023 within this month.