Aptos

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The post <a href="https://coinpedia.org/price-analysis/aptos-price-analysis-apt-price-on-the-verge-of-a-trend-reversal/" rel="noopener noreferrer nofollow">Aptos Price Analysis: APT Price On The Verge Of A Trend Reversal?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Despite the market trading under a bearish influence, the APT price has managed to record profits of over 4% during the past day. The coin has displayed strong positive moves, resulting in the Aptos token adding significant value to its portfolio this year.
The <a href="https://coinpedia.org/price-prediction/aptos-price-prediction/" rel="noopener noreferrer nofollow">APT price</a> traded in a closed space between $6.7628 and $7.1615 for a while, following which the price gained momentum and broke out, but the rally was short-lived as the price faced rejection at $7.5603. The price then traded sideways for over two weeks.
During this time the coin displayed significant price volatility and constantly bounced between the range of $6.7628 and $7.5603. After multiple attempts to break out of the resistance level at $7.5603, the bulls lost momentum and recorded a correction of over 10% in value.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/lkk-nRxqaSTa0hrpO0XnT4eAtnG4KH2BzQ0FaMOdtuv8LgQFt5MG--MIHW4Ps8z_iLWuC94jhXLB8-rOJFNX7w5x4Wx6LRJ6OPsbyRpmg-vQYuxlzFkB4hF4H8Z72aHbxl-7KeNGIekGuBlW-4kUxTw" alt="Aptos Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: APT/USDT
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</figure>
Aptos price traded in a consolidated range between $6.7628 and $7.1615 for a while, after which the market regained momentum and the price jumped 10% in value. Following this, the price displayed significant price volatility and then recorded a jump of over 16% in value.
The price then faced rejection at $8.8025 and erased all its gains from the previous pump, resulting in the price hovering close to its support level of $7.5603.
Recently, the price regained momentum and jumped 22% in value before facing rejection at $9.2243. Since then, the price has been trading under a bearish influence and has recorded a loss of approximately 10% in its valuation.
<h2 class="wp-block-heading" id="h-will-aptos-price-go-up">Will Aptos Price Go Up?</h2>
The Relative Strength Index (RSI) displays a sharp decline in the chart, indicating an increased selling pressure for the coin in the market. Further, the averages show a bearish convergence, suggesting the price will continue losing value in the coming days.
If the bulls push the price above the resistance level of $8.4805, the price will regain power and make a run to test its upper resistance level of $9.2243. Maintaining the price at that level will set the stage for Aptos to attempt to test its upper limit of $10 by the month-end.
Conversely, if the bears continue to gain power, the price will fall to test its support level of $7.5603. Moreover, if the bears continue to dominate the market, it will plunge further and prepare to test its lower support level of $7.1615 in the coming days.

Aptos Price Analysis: APT Price On The Verge Of A Trend Reversal?

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