Aptos

Bitcoin

Resistance

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-market-sees-red-as-altcoins-dip-and-aptos-apt-faces-resistance/" data-wpel-link="internal">Crypto Market Sees Red as Altcoins Dip and Aptos (APT) Faces Resistance</a><br></p>
<p style="text-align: justify">The cryptocurrency market is experiencing a day filled with red as many altcoins have taken a hit. While there’s an upward trend for APT, its trajectory is currently intertwined with <a href="https://en.coin-turk.com/charting-the-volatile-journey-ahead-for-cryptocurrencies/" data-wpel-link="internal">Bitcoin</a>‘s (<a href="https://en.coin-turk.com/max-keiser-reiterates-400000-bitcoin-prediction/" data-wpel-link="internal">BTC</a>) broader movements, which are in a consolidation phase. Consequently, as the BTC price falls today, the APT price has also dropped to $14.99.</p> 
<h2 style="text-align: justify" id="where-is-the-critical-resistance-level-for-aptos-apt">Where Is the Critical Resistance Level for Aptos (APT)?</h2> 
<p style="text-align: justify">Currently, the upward momentum in the cryptocurrency Aptos price can be evidenced by its resistance at the 78.6% Fibonacci retracement level of $17.04. Despite this rise, investors have pegged $20.40 as its peak. However, the desire to quickly reach this milestone is showing signs of potential buyer exhaustion.</p> 
<p style="text-align: justify">The Relative Strength Index (RSI) is indicating a potential slowdown in the uptrend by moving sideways, complemented by decreasing volumes as suggested by the volume indicator.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-336350 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/aptos-coin-turk-com-.png" alt="" width="1815" height="798"></p> 
<p style="text-align: justify">In conclusion, the cryptocurrency Aptos price may experience a corrective fluctuation and could test the critical 61.8% Fibonacci retracement level at $14.40 before continuing its upward journey. This retracement level could serve as an important phase, offering a safer entry point for bullish investors.</p> 
<h2 style="text-align: justify" id="scenarios-of-rise-and-fall">Scenarios of Rise and Fall</h2> 
<p style="text-align: justify">Despite warning signals, the cryptocurrency Aptos bulls are displaying resilience, encouraging optimism for further upward potential as seen in the developing volumes of the Awesome Oscillator (AO). A successful ascent to the $20.40 target would represent a commendable climb of approximately 30% from current levels.</p> 
<p style="text-align: justify">However, as seen in today’s example for APT, risks are involved. Breaching the 61.8 Fibonacci retracement level and falling below it could initiate a downtrend for the cryptocurrency Aptos price, potentially leading to a test of the 50% retracement level at $12.55. A break and subsequent close below this level on a weekly timeframe would invalidate the bullish narrative and cause a drop to about 25% below current valuations.</p> 
<p style="text-align: justify">At the time of writing, the cryptocurrency Aptos (APT) price is at $15.20. The upcoming period for Aptos could signal the start of a journey towards $20.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/crypto-market-sees-red-as-altcoins-dip-and-aptos-apt-faces-resistance/" data-wpel-link="internal">Crypto Market Sees Red as Altcoins Dip and Aptos (APT) Faces Resistance</a></h5>

Crypto Market Sees Red as Altcoins Dip and Aptos (APT) Faces Resistance

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