The latest Aptos price (APT) analysis shows negative market sentiment as bearish activity gains traction. At the time of writing, Aptos is trading at $11.40, down by -1.92% in the last 24 hours. The bearish trend is being supported by high selling pressure and low buying volume as more sellers enter the market.

APT/USD daily chart: CoinMarketCap

The bearish trend is strong, and if the bearish trend continues further, the next level of support may be seen at 10.90 USD. The current levels of resistance for APT are present at 11.69 USD, and a break above this level can shift the price action toward $12.00, which can be considered a strong resistance level if bullish sentiment takes over.

In the past few days, bullish activity was seen in the market and pushed the token price above the $11.50 resistance point, with more buying pressure pushing prices even higher. However, the bearish activity is now gaining traction, and this could lead to a further decline below the $11 support level. The market opened trading in the bearish territory today at $11.50, and the price has now fallen to $11.40, with more selling pressure likely in the coming days.

The market capitalization for Aptos currently stands at $2.01 billion, with a decrease of -2.22% in the last 24 hours. The 24-hour trading volume is over $231 million and has seen a decrease of -63.49%, indicating that the sell-off has intensified. The circulating supply of Aptos is 177 million tokens, and the market dominance is at 0.09 percent.

The 24-hour technical indicators display bearish momentum for the Aptos market. The MACD is trading below the zero line and is showing a bearish crossover, indicating more selling pressure in the coming days. Similarly, the RSI has moved into the neutral region and is currently at 46.00, suggesting further downward momentum in APT’s price action.

APT/USD 1-day price chart: TradingView

The volatility is low in the Aptos market, and this can impact the price action. The Bollinger bands have converged, and this indicates that the price is likely to experience a breakout soon. The upper Bollinger band is currently at $13.58, and the lower is at $10.54, which suggests that the market may soon break out of this range.

Overall, Aptos is facing bearish activity in today’s market, with more selling pressure likely to be seen in the coming days. The selling pressure could lead to a further decline in the token’s price, and traders are advised to exercise caution when entering into new positions. The bulls need to take back control of the market by pushing prices above the $11.50 mark in order to counter the bearish trend.

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Aptos price defended $10.00 and is consolidating in a narrow range.

APT crypto price struggles to climb above the 50 day EMA.

Aptos crypto price fell by 4.23% in the previous month.

Aptos price fell by approximately 4.23% last month, forming a Doji candle pattern which shows selloff was absorbed in the demand zone. APT crypto price defended the $10.00 support, giving a decent bounce of approximately 24%. It indicates some genuine buyers are active at the lower levels and are expecting recovery in the coming months. However, Aptos crypto price struggled to climb above the 50-day EMA and is consolidating in a narrow range.

Aptos price is trading at $11.4547 with an intraday decline of -5.80%. The 24-hour volume to market cap ratio is 0.3218. The pair of APT/BTC is trading at 0.00041228 BTC with an intraday decline of 4.51% indicating weak correlation between BTC and APT.

At the beginning of January, APT crypto price performed well and rallied around 350% from the lows in a month. Later, it hit a high at $20.00 and minor profit booking visible from the higher levels. Aptos price consolidated in the supply zone but slowly the bears took control and prices began to decline, forming lower lows swings.

Will Aptos Price Take a U-Turn From the Demand Zone?

Source: APT/USDT daily chart by TradingView

Aptos price dropped below the 50 day EMA. Mid-March, APT crypto price took support at $10.00 and ended up forming a bullish hammer candle. It created a hope for the bullish trend reversal but prices entered into consolidation and showed signs of base formation.

Technical analysis suggests, if Aptos price succeeds in climbing above the 50 day EMA, then the possibility of upward range expansion will increase. Else, it may remain in consolidation for some more time.

APT Crypto Price Lost Downside Momentum

APT crypto price is near the demand zone and buying volume is also on the rise. Aptos price corrected nearly 45% from its recent peak and the bears seem to be losing the momentum near the demand zone.

The MACD is reversing upward and might generate a positive crossover indicating mild bullishness. However, the RSI at 46 sloping sideways denotes neutral territory.

Conclusion

Aptos price fell 4.23% last month but defended the $10.00 support level. Technical analysis says APT crypto price is consolidating for the base formation and that the probability of upward range expansion is high. However, the re-bound is reliable if APT price sustains above the 50 day EMA.

Technical levels

Resistance levels : $16.0517 and $20.3825

Support levels : $9.8073 and $6.1064

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Aptos network will unleash 24.84 million tokens to the market on March 13.The unlock represents 6.7% of Aptos’ circulating supply worth $334.13 million.Divergence seen in the development activity metric against price suggests a bearish outlook for the L2 token.
Aptos (APT) price suffered rejection from the peak of the market range at $14.55 on March 6, what came on the back of a broader market dump could become worse as the network readies for massive unlocks event.
Aptos to unlock 24.84 million tokens
The Aptos ecosystem will offload 24.84 million APT tokens on March 13. Worth $334.13 million at current rates, the tokens will constitute 6.73% of the Aptos ecosystem’s circulating supply. Token allocations will go to core contributors, investors, the foundation and the community.
Most of these recipients are likely to cash in for early profit. Core contributors will receive the lion’s share of the allocations, followed by investors, at 11.88 million and 8.42 million APT tokens respectively.

Meanwhile, Aptos price is sitting on support due to the 78.6% Fibonacci retracement level at $12.79 in a market range measured from $6.32 to $14.55. Technical indicators suggest a further downside, as momentum. This is shown with the nose-diving Relative Strength Index (RSI). The histogram bars of the Awesome Oscillator (AO) and the volume indicators are also flashing red, to show the bears are gaining ground.
If they have their way, Aptos price could drop, slipping below the immediate support at $12.79 before testing the most crucial Fibonacci retracement level of 61.8% at $11.41. In a dire case, the slump could extrapolate to the midpoint of the market range at $10.44. A break and close below this level would invalidate the big-picture bullish outlook.

Onchain metrics supporting bearish outlook for Aptos price
Multiple on-chain metrics accentuate the bearish thesis for Aptos price, presented by the bearish divergences between development activity and price, as well as volume and price.
A drop in development activity relative to Aptos price between March 5 and 12 tilts the odds in favor of the downside, with the same outlook displayed by the volume indicator

On the flipside, if traders leverage the $12.79 level as a buying area, Aptos price could push north, potentially going as high as to fill the market range.
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As the world of cryptocurrency continues to evolve and expand. Investors are always on the lookout for the next big thing. One emerging player in the crypto space is Aptos (APT), a decentralized platform that aims to revolutionize the way we think about digital identity and security.

But what is the future of APT? And what can we expect from its price in the coming months and years?

A Run Down On Aptos

Firstly, to take a closer look at the technology behind Aptos. At its core, Aptos is a blockchain-based platform enabling users to create and manage their decentralized digital identities. 

Users can use these identities to access various services and applications, from online shopping to financial transactions, all without needing a central authority or third-party intermediary.

One of the key benefits of Aptos is its focus on privacy and security. With Aptos, users can be assured that their data is kept secure and private, thanks to advanced encryption and decentralized storage mechanisms. 

This makes it an attractive solution for anyone concerned about centralized data breaches and identity theft risks. However, what about the price of APT? APT is trading at around $12 per token, with a market capitalization of just above $2 billion, ranking 31st in the global crypto market. 

While this may seem like a small figure compared to more established cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), it’s worth noting that APT has only been trading for the past 4 months, and is still very much in its early stages of development.

What Does The Future Hold For APT?

While no one can predict the future of any cryptocurrency with complete accuracy, a few factors suggest APT could be on the verge of a major breakout.

Firstly, there is growing interest in and adoption of decentralized identity solutions like Aptos. As more individuals and organizations become aware of the benefits of decentralized digital identities, it’s likely that demand for APT will increase.

Additionally, APT’s chart shows a possible uptrend that could occur soon. On the 1-day time frame, the asset has formed a double bottom and is now set to shape a W pattern fully.

Aptos has a major high liquidity, just above $14. Should APT continue its upward momentum and not invalidate the W pattern. APT could trade above $14 in the coming days. 

Besides that, the asset has an all-time high of $19.92. APT still has some major highs indicating liquidity is readily available. Notably, APT could validate the above setup and show possible signs for more rallies. The asset could still tap highs at

Meanwhile, Aptos has several features, such as its unique consensus algorithm and Proof of Assignment (PoA). This makes it an attractive solution for anyone looking for a more sustainable and eco-friendly alternative to traditional blockchain platforms.

Though there are also risks and challenges associated with investing in APT. However, as a relatively new and untested cryptocurrency, there is always the possibility of volatility and market fluctuations. Additionally, there is the risk of competition from other decentralized identity solutions in the market.

Regardless, it is worth noting that Aptos ( APT) is an emerging cryptocurrency with much potential. While there are no guarantees in the world of crypto investing. The platform’s focus on privacy, security, and sustainability, combined with growing interest and adoption, suggests that APT could be on the verge of a major breakout in the coming months and years.

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