By evaluating the price data of the APT coin, it can be said that it is in a downtrend currently. The price inclined by 13.70% in the last seven days, and we can say that Aptos (APT) is underperforming right now. From its peak price of $19.92, it fell -63.98% in the last 5 months. The coin demolished the major investor’s wealth. The current market sentiments are not good about the coin. There is no huge volume in Aptos. Buyers are not available in the present market scenario and they are also not taking any interest in buying. The market is under the control of the bears.
The price of Aptos (APT) has slipped below 50 and 100 EMA, which suggests that the price is in a bearish trend. The coin could fall more in value in the upcoming week If the sellers continue to push the price downwards. The price is getting consolidating near 100 days EMA again which shows that bears are not in the mood to give power to bulls. A death cross has been seen between 50 Day EMA and 100 Day EMA which is a negative sign.
The technical indicator MACD is also in the negative zone. The MACD line at -0.42 and signal line at -0.53 is below the zero line, suggesting the MACD is in negative territory and giving bearish signals.
The current value of RSI is 46.91 points, and the 14 SMA line is currently below the median line, around 35.14 points that show bearish sentiment in the market. The 14 Day SMA line below the median line indicates a bearish trend. The bearish sentiment spreads around the market as the price is currently at an oversold zone.
The price has respected its significant trendline support, and it is going toward resistance. If the price breaks the trendline, then it will go up to the next resistance and if it gets rejected by the resistance then it will come back to the current support.
The Aptos (APT)’s trading volume of 24 hours is $96668847, with a 43.90% increase in volume in the last 24 hours. There is no substantial significant boost in the volume of the coin.
Support – The current support level of APT is $5.38
Resistance –The current resistance levels of APT are $7.76.
Aptos is facing a tough time in the market. The price action suggests that the price may fall more in the upcoming days because it broke its primary trendline support level. Stargate Finance Network’s price shows a pessimistic scenario at the moment. Major reliable indicators like EMA, RSI, and MACD give negative signals about the Stargate Finance Network coin. The fear is growing among investors because of the poor performance of the coin. Recovery signs are not visible in the coin as well.
The analysis given in this article is for informational and educational use only. Do not take this information as financial or trading advice. Trading and investing contain financial risk. Before making any investment or trading decision, please consider your risk profile and circumstances.
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