Aptos

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<ul class="news-points"> 
 <li>APT’s price broke out of a long-term bullish chart pattern over the past few weeks.</li> 
 <li>If the bearish momentum continues, APT’s price may drop to the next support level at $3.20.</li> 
 <li>A 4-hour candle close above $5.40 may invalidate the bearish thesis and could lead to APT climbing to $8.</li> 
</ul> 
The <a href="https://coinedition.com/aptos-apt-price-prediction/">price of Aptos (APT)</a> broke out of a medium-term bullish chart pattern, but not in the way that APT holders had hoped for. Instead of the altcoin’s price breaking out towards the upside, it entered into a multi-week long bearish period, which saw it decline gradually. As a result of the continued price drop over the past few weeks, APT’s price is at risk of plummeting to $3.20. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh3.googleusercontent.com/Jnj6Wl2_XUvRAi3tjyvhV_4_iTrcfTzHM4Uga63U3xxRRpxI3Yg-QQYPD16zoKqO-taP0wdW91adpC8P_YYPZSMlIvgOtMMgS69LTmJnkDnLvzCAQE4Gxq58DFQK2BMTsnZbPNZRm2l00-GM" alt="Daily chart for APT/USDT (Source: TradingView)">
 <figcaption class="wp-element-caption">
 Daily chart for APT/USDT (Source: <a href="https://www.tradingview.com/x/UzNwfyCa/" target="_blank" rel="nofollow">TradingView</a>)
 </figcaption>
</figure> 
APT’s price broke out of a bullish falling wedge chart pattern over the past few weeks. It then consolidated for a few days before its price started to gradually decline in the last 2 weeks. As a result, the altcoin’s price dropped below the key $5.40 support level, where it continued to trade at press time. Consequently, <a href="https://coinmarketcap.com/currencies/aptos/" target="_blank" rel="nofollow">APT</a> was at risk of revisiting the crucial $3.20 support level. 
Th…
The post <a rel="nofollow" href="https://coinedition.com/apt-may-fall-to-3-20-after-bullish-pattern-is-invalidated/">APT May Fall to $3.20 After Bullish Pattern Is Invalidated</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

APT May Fall to $3.20 After Bullish Pattern Is Invalidated

Coin Edition

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