Reason to trust
Editorial policy rejection that focuses on precision, relevance and impartiality
Created by experts in the sector and meticulously revised
The highest standards of reporting and publishing
Editorial policy rejection that focuses on precision, relevance and impartiality
Pretium leo et nisl alquam mollis measles. Quisque Arcu Lorem, ultricies quis pellesque nec, ullamcorper eu hate.
Este Artículo También Está available en español.
Among the retrace of the market, APTOS (APT) has seen a drop of 8% in the last 24 hours, going down below a key support area for the second time this week. Despite the correction, some analysts consider that the cryptocurrency could soon be about a breakout.
Reading Reading
Aptos loses minimum macro range minimums
During the March repairs, APTOS dropped below a level of crucial support for the first time from August 2024, but recovered 24% towards the end of the month. However, APT followed the rest of the market and unloaded 11% to close the march below the key levels.
Analyst Rekt Capital observed that APT closed last month below its low macro range of $ 5.44 for the first time. The cryptocurrency was exchanged within the price range of $ 5.45- $ 17 from 2023, repeating the range of the range twice before.
Historically, “APT tends to develop bases in the form of dry down for three months,” he explained, adding that the cryptocurrency seems to develop a third three -month base, with the difference that closed below this range for the first time in the monthly period.
Following this performance, APTOS will have to claim the level of $ 5.44 as a support “to finish this monthly closure as a reduction deviation” and “avoid a bearish test here”.
Previously, the analyst suggested that keeping this level could reverse the action of the ATP price in the coming months, as he did with the other clusters. Furthermore, he stressed that the previous consolidations included a “assault on the downward under the support”.
In his recent analysis, Rekt Capital believes that the daily divergence of APT “is still something that is worth watching” while the relative strength index of the cryptocurrency (RSI) continues to form higher minimums despite the recent decision to the reduction and its price “is trying to go away from the lower minimum in a higher new bass”.
According to the analyst, “a clear structure of the market is developing here, and a breakout from it would validate the Bull Div and settles for a recovery of the $ 5.44 low macro range, which is the key to a bullish manifestation.
APT to recover the resistance of $ 6.5?
The Analyst of AltCryptogems highlights APTOS’s strength in the market volatility market, which saw Bitcoin (BTC) descend from $ 88,000 to $ 81,000 in the last 24 hours. APT descended from the sign of $ 5.40 to the support of $ 4.95.
The analyst believes that a retro of the back of the local interval may be necessary before the cryptocurrency aimed at the next crucial level, since the current price area has been tested many times.
Reading Reading
In addition, a recovery of the $ 5.44 range could see the supply of another 20% of the $ 6.5 resistance lost two months ago. Another market observer suggested that APTOS is “showing the potential for a bullish breakout while she exchanges inside a descendant channel”.
According to the graph, the cryptocurrency has been exchanged within a descending channel since the beginning of February, testing the lower and superior borders of the channel throughout March. “After testing the lower trend line, it could find support and a break above the upper resistance will signal a significant rally,” concluded the analyst.
At the time of drafting this document, APTOS exchanges at $ 5.02, a 16.1% drop in weekly times.
In the foreground image from Usplash.com, graphic designer from tradingview.com