The Aptos price analysis is showing a slight decrease in the price today. The bears have taken the lead again, as the bulls interrupted their slope for a short period of time. The market is experiencing a downward correction, and the price has fallen to around $9.39. The market for APT opened today’s trading section trading in bullish momentum, but the buyers could not sustain it and the price experienced a rejection at $9.91. The bears have since then taken control of the market and pushed the price down to its current levels.
The market capitalization for APT/USD has seen a slight decrease and it is currently trading at around $1.78 billion. However, the trading volume for today has seen an increase of 2.91 percent, as it currently stands at $118 million, indicating that there is still substantial interest in the asset.
Aptos price analysis 1-day chart: Bears lower the APT price to $9.39
The 1-day Aptos price analysis price chart is showing a chance for bulls to move ahead and secure a higher position on the chart. The bearish momentum has been continually at the lead in the past few hours after the bearish rejection at $9.91. The bulls would have to rally hard in order to make a comeback, but they are facing resistance from the bears.
The linear movement of the Bollinger bands on the daily chart is indicating a decrease in the volatility in the market. The upper Bollinger band is currently situated at $12.07 and the lower Bollinger band stands at $8.82 which indicates that the price will continue to remain between these two levels in the near future. The Relative Strength Index (RSI) is also trading at a slightly bearish level of 35.66, which shows that there is some bearish pressure on the market. The moving average indicator is also trending downwards, indicating that bearish momentum is still in control of the market.
Aptos price analysis 4-hour chart: Bears disrupt the upward trend
The 4-hour Aptos price analysis chart showing cryptocurrency values is going bearish today. The bulls have been leading the charts in the past few hours, yet the bears have been able to take charge once again. The price has decreased to $9.39, with a loss of 3.08 percent in the past 24 hours.
The 4-hour chart of the RSI is trading at a bearish level of 33.51 and continues to decrease, indicating that the market trend is in favour of the bears today. The moving average indicator at $ is also trending downwards, which shows that there is still some bearish pressure on the market. The upper Bollinger band is situated at $10.03 while the lower Bollinger band stands at $9.42, which indicates that the price could continue to stay between these two levels in the near future.
Aptos price analysis conclusion
Overall, the Aptos price analysis is bearish today. The bears have taken control of the market and pushed the APT/USD to a low of $9.39. There is support present at $9.35 but the bulls would have to rally hard in order to break above this level and continue their upward trend. The selling pressure on the market is strong, and in order for the bulls to make a comeback, they would have to persuade the bears that there is more room for growth.
