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Distress Signal in Aptos (APT): Uptrend Broken! 😑
Aptos (APT), which formed a trend structure from $5.28 to $8, lost nearly 9 percent of its value with the downward breakdown.
Aptos (APT), perhaps one of the best performing altcoins on BTC's journey from $24,800 to $31,500, has increased by more than 50 percent. The popular coin, which created a rising trend structure throughout this process, has never broken down, although it has tested this trend many times. APT, which finally broke this structure down due to the indecision in BTC, lost 9 percent in a short time. The possibility of continuing the decline on the APT side seems strong.
Trading at $7,027 at the time of writing, APT is pricing below the uptrend.
The neglect of this structure makes the depth of the possible falls more dangerous.
In order for APT to move up again, it needs to break above 7.61 – 7.98 and monthly opening price respectively. 👍
In the scenario where the market is going down or APT cannot increase independently, the price will be 👎 respectively.
It can be expected to test $6.53 – $6.03 and $5.28
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