📉Aptos (APT) Price Analysis: Bearish Trend Deepens📉

💥 Recent Price Breakdown:

Aptos ($APT) has faced a staggering 35% drop in the past week, as the bears continue to dominate. Let’s break down the recent price action:

📅 Tuesday: 🔻 A sharp 7% decline saw APT break below the 20-day SMA, closing at $12.92. Sellers took charge, kicking off the downward movement.

📅 Wednesday: 🔻 Another 8.2% drop, bringing APT below the 50-day SMA, with a close at $11.85. Bearish sentiment continued to increase as APT struggled to find support.

📅 Thursday: 🔼 A brief recovery attempt, with APT rising to $12.72 (intraday high). However, 🔻 momentum quickly fizzled out, and APT dropped 4% back to $11.36.

📅 Friday: 🔻 Another 4.31% decline, closing at $10.87. Sellers continued their control, pushing APT lower by the end of the week.

🔮 What’s Ahead for APT?

Bearish Pressure: APT is currently facing heavy resistance at $12.72 and $11.85 (50-day SMA). $10.00 is a key support level to watch; if this is broken, further downside could follow.

🔧 Key Levels to Watch:

📉 Support Zones: $10.00 (Major support), $11.36 (Recent low)

📈 Resistance Zones: $12.72 (Intraday high), $11.85 (50-day SMA)

⚡ Conclusion:

Aptos (APT) is currently trapped in a bearish trend. With resistance at $12.72 and $11.85, it’s essential for APT to break these levels for a potential reversal. Until then, the price could continue to test the $10.00 support level.

$APT

📌 Hashtags:

#Aptos: #cryptoanalysis #BearishMarket