The APT price is currently trading within a consolidation under the 200 EMA on the daily timeframe. Investors’ sentiments regarding most of the major cryptocurrencies in the market at present are taking a bearish reversal.
A significant presence of the sellers is being observed in the market at the present moment. The price recently broke a crucial support level near the 200 EMA. If the price gives a negative breakout through the current support level it can observe a crucial decline in the value.
The current value of APT is $8.00, it has a total market cap of $1.66 Billion
Investors’ Sentiments Regarding the APT Price
Investor sentiments of the market regarding APT price are seeing a positive rise within the previous few days. The total medium level of the token has surged significantly with an increment of 160%.
The metrics indicate that potential buyers of APT tokens are showing increasing interest across various communities on social media platforms.
The price of APT is at present moving within a parallel channel near the price of $8.000. If it succeeds in breaking its recent barrier levels the APT price can make a major uptrend. Though Investors might prefer to wait for positive confirmation before acting upon it.
Analiză tehnică (interval de o zi)
The technical indicators in APT price action are taking the favor of buyers on the daily timeframe. The oscillators are steadily moving towards oversold levels and the price is moving under a narrow channel. The price has various resistance levels to cross in order to retain its previous value.
The RSI line is at present giving a bearish interception to the 14 SMA and median line. The current value of RSI is at 40.19 points; the 14 SMA line is trending below the median line around 45.06 points.
The stochastic RSI is moving toward the demand zone after making a double-top pattern. The % D line is at 52.29 points and the %K line is at 28.69 points. The making of a bullish M pattern near M levels may cause a fall in the price.
Concluzie
APT price is presenting an overall negative perspective regarding its value in the near future. whereas the oscillators are also backing the bearish indication of the daily timeframe.
niveluri tehnice -
A sustine -$7.5000
Rezistență - $9.000
Declinare a responsabilităţii
Părerile și opiniile exprimate de autor sau de orice persoană numită în acest articol au doar scop informativ și nu stabilesc sfaturi financiare, de investiții sau de altă natură. Investiția în sau tranzacționarea activelor cripto implică un risc de pierdere financiară.
Nancy J. Allen este o pasionată de criptomonede și consideră că criptomonedele îi inspiră pe oameni să fie propriile bănci și să se îndepărteze de sistemele tradiționale de schimb monetar. Ea este, de asemenea, intrigata de tehnologia blockchain și de funcționarea acesteia.
Source: https://www.thecoinrepublic.com/2023/06/07/apt-price-analysis-will-apt-price-break-out-of-the-channel/