Aptos (APT) Price May Drop to $5 Next
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APT’s price is declining while much of the market is recovering, potentially pushing it to a multi-month low and increasing investor losses.
Aptos (APT) is currently above the bear market support level at 23.6% Fibonacci Retracement. In futures trading, APT’s Open Interest has hit a four-month low at $103 million. The MACD indicator recently experienced a bearish crossover for the first time since April, indicating a cautious near-term outlook for APT’s price.
Investor support for Aptos (APT) is waning, evidenced by a significant drop in Open Interest (OI), which measures outstanding derivative contracts like options and futures. Over the past week, APT’s OI plummeted from $133 million to just $103 million, marking a four-month low and indicating reduced market activity and liquidity.
