$APT Market Analysis & Prediction 🔥🧐
📉 Current Price: $9.38 (-15.72%)
⚡ 24H Range: $9.04 - $11.23
📊 Market Insights:
APT has dropped significantly, losing over 15% in the last 24 hours, testing a crucial support zone around $9.00. The bearish momentum has been consistent, with lower highs and lower lows forming on the daily chart.
Resistance Levels:
$10.00: Immediate resistance; needs to break for a potential recovery.
$12.00: Strong resistance for a sustained bullish trend.
Support Levels:
$9.00 - $8.80: Current critical support zone; a breakdown here may accelerate selling pressure.
$8.00: Next significant support if the current zone fails to hold.
🔮 Prediction:
Bearish Scenario:
If APT breaks below $9.00, it could drop further to test the $8.00 level. The downtrend remains intact unless $10.00 is reclaimed.
Bullish Scenario:
A bounce from $9.00 and a breakout above $10.00 could trigger a relief rally toward $12.00, but the trend remains bearish overall.
📌 Suggested Strategy:
Short Traders: Consider entering below $9.00 with targets around $8.50 and $8.00.
Long Traders: Wait for confirmation of a bounce from $9.00 with a clear breakout above $10.00 before entering.