Aptos

when

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/apt-faces-significant-price-drop-and-market-volatility/" data-wpel-link="internal">APT Faces Significant Price Drop and Market Volatility</a> 
Layer-1 network Aptos’ governance token, APT, witnessed a significant price drop last month. This occurred during a period when the overall activity in the <a href="https://en.coin-turk.com/chinese-crypto-ban-lift-could-trigger-bull-run-says-bitmex-founder-arthur-hayes/" data-wpel-link="internal">cryptocurrency </a><a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> was generally declining. At the time of writing, the altcoin was trading at $5.82, having dropped over 30%. APT continues to face significant risks as volatility begins to rise. 
<h2 class="p1" style="text-align: justify" id="what-s-happening-with-aptos">What’s Happening with Aptos?</h2> 
Aptos saw the first signs of increasing volatility through the Bollinger Bands. Data from this important volatility market shows a widening gap between the indicator’s upper and lower bands. Bollinger Bands measure an asset’s market volatility and determine potential overbought or oversold conditions. The widening gap between the upper and lower bands indicates increased market volatility. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-368909 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/aptos.png" alt="" width="1536" height="748"> 
Additionally, the expanding bands during the price drop period suggest that the downward trend may continue. This signals a lack of strong selling pressure or buying interest at current price levels. APT’s rising Average True Range (ATR) <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> also confirms the increase in market volatility. This indicator measures market volatility by calculating the average range between high and low prices over a specific number of periods. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-368911 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/aptos-veri.png" alt="" width="1536" height="748"> 
When its value increases, it indicates rising market volatility and signals the possibility of price changes in either direction. At the time of writing, APT’s ATR data was recorded at 0.48 and has been on an upward trend since July 1. 
<h2 class="p1" style="text-align: justify" id="apt-chart-analysis">APT Chart Analysis</h2> 
Despite APT’s price drop, there was an increase in daily trading volume. While the token price fell by 18% last week, trading volume increased by 29% during the same period. The opposite movements of APT’s price and daily trading volume create a bearish divergence, indicating that more market participants are actively selling the asset. If the selling activity remains high, the token’s value could drop to $5.62. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-368908 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/apt.webp" alt="" width="1536" height="520"> 
However, while increasing volume during a decline generally supports the continuation of the downward trend, excessive increases in volume can sometimes precede a price reversal. Therefore, if APT witnesses a correction, its price could rise above $5.90. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-368907 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/apt-yorum.webp" alt="" width="1536" height="748"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/apt-faces-significant-price-drop-and-market-volatility/" data-wpel-link="internal">APT Faces Significant Price Drop and Market Volatility</a></h5>

APT Faces Significant Price Drop and Market Volatility

Table of Contents

COINTURK NEWS

Other articles published on Jul 8, 2024

Tezos (XTZ) and Chiliz (CHZ) Altcoins To Avoid This Month; This Altcoin Is Set To 3x In July Though

iGaming Platform BC.GAME Signs $40 Million Deal to Become Principal Partner of Leicester City

Hong Kong Boy Kidnapped, Ransom Demanded in USDT

Celebrity crypto tokens will ‘absolutely’ catch SEC’s eye — Lawyers

New Solana Memecoin Trump the Felon (TRUMPFEL) Explodes 11,100% and Will Surge 18,000% Before KuC...

Analysts Predict Bitcoin Price Movements Amid Market Turbulence

Join our free newsletter for daily crypto updates!